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Backgrounder
Tenggara Backgrounder March 20, 2020
POLITICS
Indonesia grapples with idea of lockdown to contain COVID-19
President Joko “Jokowi” Widodo has clearly stated that he was not even thinking of declaring a lockdown as a way of slowing down the spread of the novel coronavirus (COVID-19) in Indonesia, even as the number of confirmed cases and deaths keep rising...
Yudhoyono clan holds fast to Dems helm
The Democratic Party officially elected Agus Harimurti Yudhoyono (AHY), the eldest son of former president Susilo Bambang Yudhyono (SBY), to be its new chairman on Sunday. After SBY’s seven years at the helm, AHY’s takeover of the top seat further ti...
Lobbying continues as major party resists job creation omnibus bill
As opposition mounts against President Joko “Jokowi” Widodo’s omnibus bill on job creation, Coordinating Economic Minister Airlangga Hartarto has intensified his attempts to lobby political party leaders. While several parties have – directly or indi...
Anies’ search for deputy to conclude soon
The nearly two-year wait for new deputy governor will soon end for the people of Jakarta, following this week’s confirmation hearing for candidates Ahmad Riza Patria of the Gerindra Party and Nurmansjah Lubis of the PKS. The hearing has come just in...
BUSSINES & ECONOMICS
Businesses eye clean water supply to new capital city
Business tycoon Hashim Djojohadikusumo, the younger brother of Defense Minister Prabowo Subianto, finally got the green light from East Kalimantan Governor Isran Noor to construct a dam and drinking water system (SPAM) that would supply drinking wate...
High speed railway project resumes operation to cut cost overrun
The government has given the green light to the Indonesia-China consortium PT Kereta Cepat Indonesia China (KCIC) to resume the suspended Jakarta-Bandung, West Java, high-speed railway project, with some reservations.
Govt sets the bar high for tax exemption on dividend repatriation
The government sees dividends obtained by Indonesian companies or individuals from their investment abroad as a potential source of funds for domestic investment. To tap into this resource, the government has proposed tax exemptions on domestically r...
Panic selling escalates in the stock market
Panic selling in the stock market has escalated this week. The Jakarta Composite Index (JCI) lost 16.3 percent of its value from last Friday’s closing price to the level of 4,105.42 on Thursday. Meanwhile, the rupiah depreciated by 7.7 percent to 15,...
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