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Backgrounder
Tenggara Backgrounder July 16, 2021
POLITICS
Government to expedite vaccine rollout with commercial scheme
In tandem with the social restrictions imposed across Java and Bali, the government also relies on the vaccination drive to relieve the burden on overstretched health care. However, amid the relentless Delta-driven second wave of COVID-19, the govern...
Overwhelmed healthcare system forces people to self-isolate
Health workers and medical facilities across the country are overwhelmed by the soaring number of COVID-19 cases, forcing many patients to undergo self-isolation at home. With little to no assistance from health authorities, people in self-isolation...
Chief economics minister Airlangga, a dark horse in 2024 presidential race
Airlangga Hartarto, the economics coordinating minister and chairman of the powerful Golkar party, has thrown the gauntlet to contest the presidential election in 2024, even though most public opinion surveys rate his chances of winning very small.
Pinangki’s sentence cut raises doubts over law enforcement
A panel of judges at the Jakarta High Court recently decided to reduce the sentence for state prosecutor Pinangki Sirna Malasari. The case of Pinangki, a suspended Attorney General Office’s (AGO) prosecutor who was involved in a high-profile graft ca...
BUSSINES & ECONOMICS
Govt, House rescue Jakarta-Bandung HSR project
On June 14, House of Representatives Commission VI approved the government’s rescue plan for the Jakarta-Bandung High Speed Railway project. The project has been suffering from cost overrun amounting US$2.4 billion, or 43.6 percent of the project’s o...
House approves $7.3 billion PMN fund for cash strapped SOEs
The House of Representatives has approved the government’s requests for an additional Rp 33.9 trillion (US$2.3 billion) in state capital injections (PMN) for three state-owned enterprises (SOE) this year and Rp 72 trillion for 12 SOEs next year. Most...
Ultra-micro holding established to boost financing for UMi-MSME sector
The government, through Presidential Regulation (PP) No. 73/2021, has appointed PT Bank Rakyat Indonesia (BRI) as an ultra-micro holding company with the goal of increasing financing for millions of ultra-micro, micro, small and medium enterprises (U...
Bukalapak to kickstart the era of unicorn IPOs in Indonesia
This year marks the beginning of an era of unicorn listings in Indonesia, with homegrown e-commerce Bukalapak being the first to hit the trading floor. Three companies from the tech sector are in the exchange’s listing pipeline this year, but it has...
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