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Backgrounder
Tenggara Backgrounder March 18, 2022
POLITICS
Jokowi’s righthand man leads presidential term extension
It’s now in the open. The campaign to extend the term of President Joko “Jokowi” Widodo, in contravention of the constitutional term limit, is being waged overtly, led by his most trusted aide, Luhut Binsar Pandjaitan, who is the coordinating ministe...
Cabinet reshuffle to reward PAN’s loyalty
The rumors of Cabinet reshuffles have come and gone umpteen times. Most recently National Awakening Party (PKB) politician Luqman Hakim said President Joko “Jokowi” Widodo would shake up the Cabinet by the end of March, by giving the new coalition me...
Jokowi names duo who will realize his dream of relocating capital city
President Joko “Jokowi” Widodo swore in technocrat Bambang Susantono and businessman Dhony Rahajoe as head and deputy head of the Nusantara Capital City (IKN) Authority on March 10, to mark a start to the Herculean, decades-long work of relocating th...
Caution and considerations for the transition to endemicity
The government has teamed up with independent epidemiologists and other experts to develop a road map of Indonesia’s transition to endemicity. While the government will face challenges in communicating newer policies, it is also important to note the...
BUSSINES & ECONOMICS
Softbank backs out of investment in new capital city
Softbank’s Masayoshi Son has left a big void in the team of A-list investors that was expected to fund and oversee the construction of Indonesia’s new capital city. The Japanese tech tycoon backtracked on his commitment to invest US$40 billion in the...
Govt realizes its fault, removes price-setting policy for cooking oil
The government finally came to realize that its blanket price-setting policy for cooking oil did not work amid the international soaring prices of crude palm oil (CPO). The government finally altered the policy on Tuesday during a limited Cabinet mee...
Govt issues new halal logo, marking transfer in halal certification authority
The government has officially taken over the country’s halal certification authority as the Halal Certification Agency (BPJPH), under the Religious Affairs Ministry, recently issued a new halal logo that soon drew public furor for its un-Islamic look...
Fed raises policy rate to 0.25-0.5 percent, more to come
The United States Federal Reserve Bank has raised its policy rate to 0.25 to 0.5 percent, as US inflation reached a 40-year high rate last month. The market seems to be anticipating moderate monetary tightening under the current unique circumstance,...
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