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Backgrounder
Tenggara Backgrounder February 23, 2024
POLITICS
Cabinet shake-up poised to strengthen Prabowo’s coalition
With less than eight months left in office, President Joko "Jokowi" Widodo changed his cabinet team once again to welcome Democratic Party leader Agus Harimurti Yudhoyono on board as agrarian and spatial planning minister, replacing Hadi Tjahjanto, a...
Coalition-building for Prabowo’s incoming government
As the electoral dust settles and Prabowo Subianto looks certain to win the presidency, the focus has now shifted to the intricate process of coalition-building. The public is anticipating Prabowo's next move to consolidate power before he takes over...
Anies and Ganjar not conceding election defeat carries risks
Rather than conceding defeat in the Feb. 14 presidential race, candidates Anies Baswedan and Ganjar Pranowo are fighting both separately and together to challenge the imminent election results, claiming massive fraud, even when the odds are heavily s...
Measuring Jokowi’s effect in helping Prabowo win presidential race
President Joko ‘'Jokowi'' Widodo undoubtedly played a significant role in helping the candidate pair of Prabowo Subianto and Gibran Rakabuming Raka win the Feb. 14 race, whether or not this constituted gross ethical violations or ran counter to democ...
BUSSINES & ECONOMICS
Prabowo targets energy subsidies to realize free lunch program
Presidential hopeful Prabowo Subianto is poised to gradually roll out his campaign promise of a free lunch program once he assumes office later this year. However, funding for the program poses a challenge, and Prabowo's camp reportedly plans to addr...
MIND ID acquires Vale Indonesia shares at a discount
The divestment of a 14 percent stake in PT Vale Indonesia to state-owned mining holding company MIND ID nears completion as the parties have signed an initial agreement to sell. The agreed price however, was Rp 3,000 (19 US cents) per share, lower th...
Retailers sue government over unpaid cooking oil subsidy
The recent scarcity of premium and medium-grade rice in modern retailers such as Alfarmart and Indomaret has reopened an old problem for retailers, that is the retailers' unpaid cooking oil subsidy invoices to the government totaling Rp 344 billion (...
Looking for a new finance minister for Prabowo administration
Rumors have been circulating that Finance Minister Sri Mulyani Indrawati will refuse to be part of the Prabowo Subianto and Gibran Rakabuming Raka administration, the likeliest pair to have triumphed based on preliminary results, because of disagreem...
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