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Tenggara Backgrounder July 03, 2020
POLITICS
Jokowi rattles Cabinet with potential reshuffle
In recently circulated video footage, President Jokowi lambasted his ministers for their lackluster efforts in tackling the spread of COVID-19. Venting out his frustrations, the President threatened to take extraordinary measures, including dismissin...
Ruling party struggles in ideological fight
The ruling Indonesian Democratic Party of Struggle (PDI-P) has come under siege from all directions for proposing to regulate the national ideology, Pancasila, through a law, an idea rejected by the more conservative elements of Indonesian society, i...
Gangsterism is part and parcel of Jakarta
The recent arrest of John Kei is a grim reminder of gangster operations as a domestic security issue in Indonesia, particularly in Greater Jakarta. Alleged cahoots between key security figures and notorious thugs have reportedly prevented efforts to...
Questioning ministry’s COVID-19 video contest
The Home Ministry has raised many eyebrows for allocating Rp 168 billion (US$11.8 million) of the COVID-19 budget to hold a “new normal” video contest. The public has questioned the urgency of the contest in light of its exorbitant budget, which has...
BUSSINES & ECONOMICS
AGO uncovers money laundering scheme in Jiwasraya case
On June 25, the AGO announced a list of new suspects that include 13 asset management companies and OJK deputy commissioner for capital market monitoring division II Fakhri Hilmi. The AGO has accused the companies of laundering premium revenue collec...
Shareholders tussle slows down Bukopin salvage
The tussle between Bosowa Corporindo and Kookmin Bank of South Korea – the two-largest shareholders of cash-strapped Bank Bukopin (BBKP) – have slowed down the process of salvaging Bukopin. Bosowa does not want to lose its status as a controlling sha...
Minister pushes more lobster seed exports despite concerns
Just about a month after Maritime Affairs and Fisheries Minister Edhy Prabowo lifted the lobster seed export ban on May 4, two companies exported almost 100,000 lobster seeds to Vietnam despite no export and non-tax state revenue collection (PNBP) re...
Govt, BI prepare new monetary financing scheme
After resuming rate cuts on June 18, Bank Indonesia (BI) is ready for bolder monetary policy to stimulate economic recovery. The policy is monetary financing of a coronavirus-induced budget deficit.
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