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Backgrounder
Tenggara Backgrounder February 02, 2024
POLITICS
Mahfud’s resignation causes but a blip in the election race
Mahfud MD is stepping down from his job as coordinating minister for politics, law and human rights, citing the need to prevent a potential conflict of interests given that he is running for the vice-presidential office in the Feb. 14 election. But w...
NU divided as always in election year
As the elections approach, Nahdlatul Ulama (NU) has been widely reported as leaning toward the Prabowo Subianto-Gibran Rakabuming Raka ticket. Even though NU officially claims to remain neutral, the recent movements and statements of its prominent fi...
Political motives believed to be behind KPK’s arrest of PKB official
The Corruption Eradication Commission (KPK) recently arrested an executive of the National Awakening Party (PKB) for her alleged involvement in a 2012 graft case at the Manpower Ministry. The fact that the arrest was made ahead of the presidential el...
Thomas Lembong’s political odyssey: From friend to foe
Known for his astute economic acumen, economist Thomas Lembong has donned many hats over the years from former investment banker, presidential speechwriter, to investment minister. He currently acts as co-captain of the Anies Baswedan-Muhaimin Iskand...
BUSSINES & ECONOMICS
Rumors of finance minister's departure dampen rupiah value
Rumors that Finance Minister Sri Mulyani will resign from President Joko "Jokowi" Widodo's cabinet have emerged just weeks before the 2024 general election. Despite denials from President Joko "Jokowi" Widodo and several ministers, speculation about...
Students protest ITB’s endorsement of high interest P2P loan
Social media and the news have been abuzz lately regarding the student loans service provided by P2P lending platform Danacita at ITB. This topic initially went viral after a student struggling to pay tuition fees at ITB was suggested by the universi...
Indonesia prepares itself for nuclear energy, Luhut to lead
Indonesia is moving closer to developing nuclear power plants after final arrangements are set for the formation of the Nuclear Energy Program Implementing Organization (NEPIO). Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan h...
TER for income tax goes into effect, confuses taxpayers
The Indonesian government has introduced the TER mechanism to income tax for individual taxpayers in a bid to simplify tax calculation. The simplification sought by the Jokowi administration is also done to reduce the amount of tax payments that exce...
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