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Backgrounder
Tenggara Backgrounder July 14, 2023
POLITICS
Indonesia can never be a great sporting nation
Indonesia always aspires to be a great nation as “Indonesia Raya”, the title of the national anthem, suggests. Now it is well on its way to become one. Its global profile is growing, earning accolades such accolades as the world’s third largest democ...
PAN offers Erick as VP to highest bidder
State-Owned Enterprises (SOEs) Minister Erick Thohir is being touted as a potential running mate to a presidential aspirant in the 2024 election, his electability driven by his success in getting things done across his various roles.
More names surface in BTS graft case
Investigation into the graft-ridden 4G base transceiver station (BTS) project has taken a new turn as more actors are believed to have pocketed the illicit funds. Among the alleged recipients is Youth and Sports Minister Dito Ariotedjo, who reportedl...
JIS’ renovation: An effort to undermine Anies’ electability?
President Joko “Jokowi” Widodo recently called for the renovation of the Jakarta International Stadium (JIS) so that it could serve as a venue for the 2023 FIFA U-17 World Cup, scheduled to take place in November. Some observers say the sudden move w...
BUSSINES & ECONOMICS
MIND ID to gain majority stake at Vale to drive Nickel downstreaming
In another move of resource nationalism, the government through mining holding company MIND ID plans to acquire majority stake in the country’s largest nickel miner PT Vale Indonesia (INCO) in a bid to speed up the downstreaming of nickel industry in...
Indonesian banks’ funding of coal industry contradicts climate efforts
Five national banks Bank Mandiri, Bank Negara Indonesia, and Bank Rakyat Indonesia, as well as private lenders Bank Central Asia and Bank Permata (PermataBank), decided to finance Adaro Energy Indonesia’s construction of a coal-fired power plant and...
Government plans LNG export ban to boost downstream industry
Following the export bans on nickel, bauxite and copper ore, the government plans to prohibit the export of liquefied natural gas (LNG) to promote downstream industries in Indonesia and realize its vision of becoming a developed nation by 2045. The p...
Pay Later delinquency spikes, driven by pressure on low income users
As the popularity of short-term buy now pay later (BNPL) financing in Indonesia rises, credit information aggregator IdScore reports that BNPL non-performing loans (NPL) reached Rp 26.14 trillion (US$1.75 billion) in April, increasing by 61.3 percent...
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