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Backgrounder
Tenggara Backgrounder February 11, 2022
POLITICS
Yudhoyono’s Democratic Party enters 2024 race as ‘dark horse’
For a political party that has tasted the glory of winning elections, the Democratic Party’s announcement that it is entering the 2024 race as a “dark horse” seems like a big come down. Some see this as underpinning the party’s misplaced optimism tha...
Government, House push to revise jobs law
The Constitutional Court conditionally declared the Job Creation Law as unconstitutional in November 2021 on considering several factors, including the fact that omnibus legislation was not recognized as a form of law under the prevailing legal syste...
Capital city relocation faces legitimacy challenge
In a bid to solidify the capital city relocation to East Kalimantan, the government has prepared a total of 10 derivative regulations of the State Capital Law. Five of these regulations are targeted to be finalized within two months, despite the cont...
Indonesia continues reopening despite Omicron rise
In the midst of the third wave of COVID-19, the government recently increased the level of public activity restrictions (PPKM) to level 3, the second-highest of the four-tier mobility curbs, in a number of cities, including Greater Jakarta (Jabodetab...
BUSSINES & ECONOMICS
Competition for IDX director roles heats up amid massive financial scandals
The Indonesia Stock Exchange (IDX) will have a new board of directors later this year amid a rising number of investors and the biggest financial scandals in history. There are five packages of candidates floating in the market, nominated by IDX memb...
Trans-Sumatra tollway targeted for 2024 start, but faces persistent challenges in funding
President Joko “Jokowi” Widodo recently inaugurated the 11.8-kilometer Binjai-Stabat toll road section in North Sumatra, part of the 2,987 km trans-Sumatra toll road that he aims to finish in 2024. But some wonder if the mega toll-road project could...
OJK to tighten rules on unit links to end bad practices
The Financial Services Authority (OJK) is finally taking action against investment-related insurance products (PAYDI), also called unit links. The authority has seen a rise in complaints submitted by unit link policyholders in the last three years. T...
Indonesian economy bounces back, grows 3.69 percent in 2021
Indonesia’s annual economic growth rebounded to a positive rate at 3.69 percent year on year (yoy) last year after the grueling pandemic slump. The main driving forces include recovery of demand and resumed business activities, in addition to trade-b...
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