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Backgrounder
Tenggara Backgrounder March 07, 2025
POLITICS
New movement shyly offers political vehicle for Anies for 2029
Volunteers who campaigned for Anies Baswedan in the 2024 presidential election have launched Gerakan Rakyat (People's Movement) potentially offering a political vehicle for the popular but also controversial former Jakarta governor, should he decide...
Son of oil tycoon arrested; is his father next?
Public trust in the government continues to diminish after a Rp 193.7 trillion (US$11 billion) graft case involving subsidiaries of state-owned oil and gas holding company Pertamina sparked national outcry. Among the nine suspects in the case is Kerr...
Court orders election reruns, discovers abuse of power
The Constitutional Court has wrapped up all of the sessions to adjudicate regional election disputes and handed down several key rulings, including the most significant one, which was a vote rerun in several regions. The election reruns will be held...
BUSSINES & ECONOMICS
Textile giant Sritex shuts down, leaving over 10,000 workers jobless
PT Sri Rejeki Isman (Sritex), one of Southeast Asia's largest integrated textile manufacturers, officially ceased operations on Mar. 1, 2025, following its bankruptcy declaration. The shutdown led to the layoff of 10,965 workers between January and F...
New forestry task force formed, yet Rp 300 trillion in palm oil fines remains unpaid
President Prabowo Subianto has signed Presidential Regulation (Perpres) No. 5/2025 to establish a forestry task force tasked with collecting fines from the forestry sector. The move mirrors efforts made under the previous administration to collect pe...
Indonesia launches first bullion banks to retain more value domestically
Indonesia has launched its first bullion banks by licensing Bank Syariah Indonesia (BSI) and state-owned pawn Pegadaian to provide bullion banking services. This initiative aims to strengthen the gold downstream sector and maximize economic benefits...
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