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Tenggara Backgrounder May 03, 2024
POLITICS
NasDem Party, PKB join Prabowo, wait for rewards
The National Awakening Party (PKB) and the NasDem Party, two parties that nominated Anies Baswedan in the Feb. 14 presidential election, have decided to join the winning side of Prabowo Subianto. The entry of the two ex-rivals will allow Prabowo to e...
PDI-P and PKS make unlikely allies in opposition
No two political parties in Indonesia are unlike one another as the secular-nationalist Indonesian Democratic Party of Struggle (PDI-P) and the Islamist Prosperous Justice Party (PKS). Yet, come October they may be condemned together as the only two...
KPK shooting itself in the foot with internal struggles
The Corruption Eradication Commission (KPK) used to be the most feared graft buster in the country, going after the untouchables and bringing them to justice. However, since the revision of the KPK Law, its once-sterling reputation has been tarnished...
Dynasty-building, nepotism continue to plague Indonesian politics
A recent study conducted by the Centre for Strategic and International Studies (CSIS) found that 138 of the 580 politicians elected in February's legislative race were related by blood or marriage with incumbent lawmakers. Should this reflect the inc...
BUSSINES & ECONOMICS
Indonesia mulls collecting tourism fee from airfares
The Indonesian government is in the process of passing a regulation to establish the ITF. The fund will be used to support various major tourism events that can create multiplier effects, such as music concerts. One of the methods being considered to...
Local investors to join Independence Day celebrations at Nusantara
More local conglomerates are poised to invest in the country's future capital city, Nusantara (IKN), as the government expedites its development in preparation for hosting the 2024 Independence Day celebrations in the new capital, which will mark the...
Jokowi offers IKN investment opportunities to Singapore
Indonesia and Singapore recently conducted their seventh Leaders' Retreat in the Bogor Presidential Palace, West Java, where the leaders of both countries met alongside their respective successors and committed to deepen bilateral ties, with Indonesi...
Steep Rupiah depreciation prompts BI to increase policy rate
Bank Indonesia (BI) had increased last week the BI 7-day repo rate (BI7DRR), now called BI rate, by 25 basis points to 6.25 percent, a decision made to stabilize the ongoing steep Rupiah exchange rate depreciation triggered by US appreciation.
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