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Backgrounder
Tenggara Backgrounder January 26, 2024
POLITICS
Thumbing nose at impeachment calls, Jokowi take side in elections
President Joko "Jokowi" Widodo claims he is within his legal rights in taking sides and taking part in campaigns in the coming general election, literally thumbing his nose at a petition calling for his impeachment because of his constant interventio...
Familial feud shows PDI-P a fractured path to 2024
The once-unassailable lead of the ruling Indonesian Democratic Party of Struggle (PDI-P) is encountering an unprecedented challenge, as recent opinion surveys found it trailed behind its chief rival the Gerindra Party. While external factors, includi...
National strategic projects hotbeds for land conflicts
Over two terms, President Joko "Jokowi" Widodo has been able to accelerate infrastructure development in Indonesia, with at least 170 national strategic projects (PSNs) completed by the end of 2023. However, the Agrarian Reform Consortium (KPA) found...
Opposition candidates join forces in final VP debate
Attacks on the ruling government stole the show at the second and final vice presidential candidate debate on Sunday, when Muhaimin Iskandar and Mahfud MD of the two opposition camps pushed the establishment's symbol Gibran Rakabuming Raka into a cor...
BUSSINES & ECONOMICS
Foreign money, shell companies allegedly fund political campaigns
Illicit money could be finding its way into campaigns for the 2024 general election, as the Financial Transaction Reports and Analysis Center (PPATK) recently found that money from overseas had flown into the accounts of 21 unnamed political parties....
UNTD, SMGA prepare for IPO ahead of election
Companies in the Electric Vehicle (EV) ecosystem plan to cash in on the EV hype. United Bike producer PT Terang Dunia Internusa (UNTD) and nickel trader PT Sumber Mineral Global Abadi (SMGA), subsidiary of PT Sumber Global Energy (SGER), are preparin...
Nickel tarnishes amid price plunge, rising competition from LFP batteries
Nickel, Indonesia's trump card to bring itself into the world's electric vehicle (EV) supply chain, has suffered from a price downturn mainly due to oversupply and competition from the more economical lithium ferro-phosphate (LFP) batteries. This sit...
Downstreaming moves forward despite falling nickel price
The topic of downstreaming has been coming back into public discourse recently following the topic's discussion on the presidential debates. Many have brought up the fact that the initiative has only made minimal contributions to the national economy...
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