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Backgrounder
Tenggara Backgrounder March 25, 2022
POLITICS
Feud over constitutional amendment undermines unity of Jokowi’s ruling coalition
The Indonesian Democratic Party of Struggle (PDI-P) has withdrawn its support to push a plan to amend the 1945 Constitution, casting doubts about the unity, and hence effectiveness, of the ruling coalition of President Joko “Jokowi” Widodo in governi...
Big data claim used to support presidential term extension in doubt
Experts have questioned Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan’s claim that the public at large supported the postponement of the 2024 general elections and, hence, the extension of President Joko “Jokowi” Widod...
Gen. Andika faces winding road to presidential nomination
Talks on Indonesian Military (TNI) commander Gen. Andika Perkasa’s run for presidency have resurfaced after the Indonesian Solidarity Party (PSI) finished its discussion on the national leadership succession called Rembuk Rakyat Mencari Penerus Jokow...
Forming new provinces in Papua, addressing separatism
The House of Representatives and the government are preparing the formation of new provinces in Papua, only to spark outrage from local people and critics in Jakarta who are demanding participation in the strategic talks.
BUSSINES & ECONOMICS
New investors to take over Kayan hydro power plants in N. Kalimantan
China-backed PT Kayan Hydro Energy (KHE) has a gigantic plan of building five hydropower plants in Bulungan, but nothing has really happened. The government now has a different plan, to bring in new investors to kickstart the stalled hydropower proje...
Govt adopts industry-wide policy to secure supply of subsidized cooking oil
The government has overhauled its policy on bulk sales of subsidized cooking oil from a trade policy to an industry-wide policy, as it had deemed the earlier policy ineffective in stabilizing cooking oil prices and supply. The new policy further alie...
GoTo’s IPO attracts new retail investors with Gotong Royong stocks
GoTo Group is actively engaging loyal users in its IPO with Gotong Royong stocks. Customers, drivers and merchants are reportedly enthusiastic to get their share of the stocks, despite the company’s prospectus stating that they may not be able to rea...
Higher VAT rate becomes effective next month amidst rising food prices
As March wraps up, the symptoms of rising domestic inflationary pressure becomes more apparent. Approaching the fasting month of Ramadan, surging food prices will coincide with new and higher VAT rate of 11 percent starting from April 1. Despite bein...
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