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Backgrounder
Tenggara Backgrounder March 08, 2024
POLITICS
Return to Soeharto-style militarism looms large in Prabowo government
If and when Prabowo Subianto takes his oath of office as Indonesia's eighth president in October, he will be recognized as a full four-star Army general even though he will be wearing civilian clothes. Many predict, or rather fear, that his military...
Jokowi to maintain influence after succession
President Joko ''Jokowi'' Widodo is entering the final months of his second and final term, with presumptive winner Prabowo Subianto set to be inaugurated in October this year. Although he is constitutionally required to leave office after spending t...
All eyes on Jakarta gubernatorial race
The controversy surrounding the simultaneous regional elections has come to an end after the Constitutional Court decided that the polls to select governors, mayors and regents must adhere to the originally scheduled timeline. As Jakarta braces for t...
Constitutional Court to restore its credibility
Last week, the Constitutional Court ruled that the 4-percent parliamentary threshold regulated in the Election Law does not align with the principles of people's sovereignty, electoral fairness and legal certainty guaranteed by the 1945 Constitution....
BUSSINES & ECONOMICS
BOS fund suggested to finance Prabowo's free lunch program
The BOS fund has been put forth as a possible financing source for Prabowo Subianto's free school lunch program, the presumptive winner's key campaign promise. However, the proposal has met with stiff opposition, particularly from teachers' associati...
Two out of nine trouble SOE pension funds show signs of corruption
The AGO announced recently that it had found indications of corruption in two out of nine financially troubled pension funds, after it had investigated them for potential graft prompted by audit reports from SOE Minister Erick Thohir. These are expec...
MIND ID acquires controlling stake in INCO using dividends from Freeport
State-owned mining holding MIND ID has successfully acquired a controlling stake in INCO, a unit of Sumitomo Metal Mining and Vale subsidiary Vale Canada. The Indonesian government admitted that the fund to acquire INCO's 14 percent of stake recently...
Inflation rate remains steady despite record high food prices
As we approach the holy month of Ramadan, the price of volatile goods, especially food, have been soaring throughout February. Volatile inflation reached a staggering 8.47 percent year on year (yoy) in February, driven by food inflation that reached...
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