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Backgrounder
Tenggara Backgrounder July 28, 2023
POLITICS
Airlangga’s Golkar chairmanship in jeopardy, Luhut ready to overthrow
Airlangga Hartarto’s position as the chairman of the Golkar Party is currently treading precarious ground due to what is considered to be his lack of party leadership and maneuvering towards opposition presidential candidate Anies Baswedan. President...
Indonesia seeks to tighten social media operations
The government plans to set up a task force to oversee the operation of social media companies in the country as complaints mount about their failure to moderate content that appears on their platforms.
Jokowi and Paloh reunite, but no reconciliation within sight
The relationship between President Joko “Jokowi” Widodo and NasDem Party chairman Surya Paloh has been strained since the latter declared former Jakarta governor Anies Baswedan the party’s presidential candidate in October last year. The meeting at t...
Cracks appear in PDI-P’s internal structure
Speculation is rife that the ruling Indonesian Democratic Party of Struggle (PDI-P) is not solid as it may look in supporting its presidential candidate Ganjar Pranowo, after a couple of the party’s executives hinted at their support for Gerindra Par...
BUSSINES & ECONOMICS
Palm oil graft case enters new phase with minister Airlangga interrogation
Recent developments in the investigation of a corruption case that has been blamed for contributing to a domestic cooking oil shortage last year has led to Coordinating Economic Minister Airlangga Hartarto being questioned by the Attorney General’s O...
Pertamina conclude acquisition of Shell to jumpstart Masela
State-owned energy giant Pertamina and Malaysian oil and gas company Petronas have officially acquired 35 percent participating interest in the Masela block from Shell in a deal worth US$650 million. After facing delays since 2020, the development of...
Pertamina Hulu Energi may fail to floor on the bourse this year
Pertamina Hulu Energi (PHE)’s plan to list on the Indonesia Stock Exchange (IDX) has continued to face delays. The most recent trouble faced by the energy holding’s Pertamina subsidiary is the IDX’s free float requirement for companies listed on the...
Indonesia to establish national crypto exchange
The government is moving forward with its plans to establish an Indonesian crypto exchange through three decrees from the Commodity Futures Trading Regulatory Agency (Bappebti) issued on July 17. The first decree tasks PT Bursa Komoditi Nusantara as...
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