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Backgrounder
Tenggara Backgrounder June 21, 2024
POLITICS
Prabowo’s Gaza initiatives make for good optics at home, abroad
President-elect Prabowo Subianto has come up with a few ideas about what Indonesia can do to help Palestinians in the Gaza Strip, which has been under siege by the Israeli military for over eight months. These ideas depart somewhat from the line take...
Uncertainty looms over Jokowi’s last chance of cabinet reshuffle
Just four months before he leaves office, President Joko "Jokowi" Widodo is reportedly planning his last cabinet reshuffle. The move raises questions about whether or not Jokowi will be ousting his hitherto close ally the Indonesian Democratic Party...
Military feature in government’s all-out war on online gambling
The government has formed an online gambling task force in an unprecedented move that officials say is an immediate response to widespread public concern over the illegal practice. The threat of the online gambling to the state is so precarious in th...
Political parties begin shortlisting Jakarta gubernatorial candidates
Familiar names have emerged for the Jakarta governorship as political parties begin analyzing potential candidates ahead of the Aug. 19 registration deadline for the country's regional elections in November. Although Jakarta will have lost its decade...
BUSSINES & ECONOMICS
Morgan Stanley downgrades RI stocks over Prabowo’s fiscal policies
Indonesia's president-elect Prabowo Subianto plans to fund his campaign promises by increasing the Indonesian debt-to-GDP ratio by 2 percentage points annually, potentially reaching 50 percent by the end of his term. In response to this unprecedente...
Govt relaxes import regulations as textile industry faces mass layoffs
After thousands of textile workers were laid off last year, Indonesia's textile industry continues to experience layoffs this year, with over 10,000 workers being laid off since January. These layoffs come amid the recent issuance of a trade minister...
Indonesia eyes importing Cambodian rice amid still-high prices
Plans are underway for the State Logistics Agency (Bulog) to acquire a rice producer in Cambodia as the government seeks to maintain Indonesia's rice reserves at a safe level. The move comes amid the country's continuing high rice imports this year,...
Tokopedia to lay off hundreds after purchase by TikTok
Indonesian e-commerce platform Tokopedia is set to lay off hundreds of workers following its acquisition by ByteDance, the parent company of TikTok. This decision is a common consequence of the consolidation of resources and labor that often follows...
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