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Backgrounder
Tenggara Backgrounder July 19, 2024
POLITICS
Exploring contenders for Jakarta’s gubernatorial race
Based on the official results of the 2024 legislative election, no political party will have the privilege of nominating candidates for the Jakarta gubernatorial race alone. As such, party executives have been busy exploring coalition options to supp...
Proposed new advisory council sounds more like than nostalgic trip
The House of Representatives will soon begin deliberations on the creation of the Supreme Advisory Council (DPA), replacing the Presidential Advisory Council known as Wantimpres. The legislation is not seeking big changes other than in name and size...
Nusantara development targets slip out of Jokowi’s hands
President Joko "Jokowi" Widodo won't be able to move to the new capital city under construction, Nusantara, in East Kalimantan this month as planned because the construction isn't finished yet. Many are questioning the future of the capital city, as...
Politicians eye BPK jobs, again
There has recently been buzz about politicians applying to join the Supreme Audit Agency (BPK). Understandably, the public is concerned about this trend. As the BPK plays a big part in making sure that public money is handled properly, people are wor...
BUSSINES & ECONOMICS
Confusion lingers over govt plan to limit subsidized fuel consumption
Ministers from President Joko Jokowi's administration have brought the topic of the subsidized fuel, Pertalite, back into the spotlight. The plan is to reduce the consumption of the government subsidized fuel beginning August, coinciding with Indones...
Muhammadiyah to acquire KB Bukopin Syariah amid BSI tension
Muhammadiyah has announced a plan to acquire Bank KB Bukopin Syariah, the sharia banking unit of KB Bank's local subsidiary, Bank KB Bukopin. The move is part of Muhammadiyah's long-standing goal to establish a major sharia bank of its own, and comes...
50-percent debt-to-GDP ratio confirmed with tax boost
After a series of contradicting statements from Prabowo's camp, Hashim Djojohadikusumo recently confirmed the new government's plans to raise the debt-to-GDP ratio to 50 percent from the current 39 percent. However, this plan will only be implemente...
Jokowi makes last effort to woo investors, salvage Nusantara
As foreign investors shy away from investing in the Nusantara Capital City (IKN), President Jokowi made another sales pitch to rich investors in the Middle East to put their money into Nusantara soon after he signed a presidential regulation granting...
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