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Backgrounder
Tenggara Backgrounder May 02, 2025
POLITICS
Invisible VP Gibran under pressure, eclipsed by his father Jokowi
Vice President Gibran Rakabuming Raka is facing mounting pressure, mostly for underperformance, in the seven months since taking up the job. The latest sign of tension in his relationship with President Prabowo Subianto was when the latter asked form...
Pope Francis' legacy lives on in Indonesia
The passing of Pope Francis on April 21 has struck the global community to its core. From the outset of his papacy, Francis made a difference. He was a man of many firsts: the first Jesuit pontiff, the first Latin American pope, and the first pope bo...
Government reluctant to act against mass organizations
Mass organizations have been identified as an obstacle to the investment climate in the country, as many of them often engage in thuggery, demanding illegal levies in return for security rackets. While some of the groups have proven to violate the la...
BUSSINES & ECONOMICS
Proposed P2SK law revision raises questions over BI’s independence
A planned revision of the Financial Sector Development and Strengthening Law (P2SK) by Indonesia's House of Representatives (DPR) may go beyond its original intent, potentially redrawing the central bank's mandate in ways that could blur the line bet...
Prabowo’s remarks at Danantara town hall sparks concerns
President Prabowo Subianto delivered a closed-door address to 1,500 SOE leaders at the Danantara Indonesia Town Hall Meeting on Apr. 28, held at the Jakarta Convention Center. The unexpected decision to exclude the press from the event has raised con...
WB slashes RI’s growth outlook, casting doubt on Prabowo’s ambition
The World Bank has revised down its forecast for Indonesia's economic growth in 2025 to 4.7 percent year-on-year (yoy), below the psychologically significant 5 percent threshold, from a previous estimate of 5.1 percent. The bank also downgraded Indon...
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