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Tenggara Backgrounder November 08, 2024
POLITICS
Jokowi’s hand detected in graft probe against ex-minister
Joko "Jokowi" Widodo may have ceased to be president as of Oct. 20, but he apparently still exercises some power and influence over the new government, as evidenced by the corruption prosecution against Thomas Lembong, who briefly served as his trade...
Constitutional Court calls for new labor law
In a landmark ruling, the Constitutional Court has instructed lawmakers to draft a new manpower law, striking down 21 articles in the contentious Job Creation Law that aimed to replace it. This decision underscores persistent challenges and legislati...
Prabowo forms volunteer group to consolidate supporters
The National Solidarity Movement (GSN) was formed earlier this month apparently to serve as a political safety net for President Prabowo Subianto. The organization, which is neither a social movement nor a political group, will consolidate Prabowo's...
The perils of businesses having a role in public policy funding
With the financial constraints facing President Prabowo Subianto in running the country and his bid to fulfill his campaign promises, the government has welcomed initiatives intended to ease its burden. Nevertheless, the helping hand may cost the gov...
BUSSINES & ECONOMICS
Political appointees helm Pertamina amid grandiose energy ambitions
Gerindra politician Simon Aloysius Mantiri was recently appointed as the new CEO of state-owned oil and gas holding company Pertamina, followed by two other Gerindra politicians on the board of commissioners, one of them as chief commissioner. Their...
EV incentives continue in 2025 to boost public adoption
In a bid to accelerate the adoption of electric vehicles, the administration of President Prabowo Subianto is considering extending EV incentives to 2025, according to Coordinating Economic Minister Airlangga Hartarto. Aside from attracting more inve...
Prabowo cancels farmers’ and fishermen’s debts
President Prabowo Subianto has issued a new Government Regulation (PP) to forgive loans from state-owned banks for individuals and micro, small and medium enterprises (MSMEs) in sectors like farming, fisheries and plantations, as in select industries...
Indonesia’s Q3 2024 growth shows steady performance
Indonesia recorded GDP of Rp 5.6 quadrillion (US$362.21 billion) at current prices in the third quarter (Q3) of 2024, posting 4.95 percent year-on-year (yoy) growth from the same period last year and 1.50 percent quarter-to-quarter (qtq) growth from...
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