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Tenggara Backgrounder October 01, 2021
POLITICS
Loyalty matters as Jokowi eyes Yudo for TNI chief job
As it was becoming increasingly clear that President Joko “Jokowi” Widodo was close to making up his mind on who would replace Air Chief Marshal Hadi Tjahjanto as the Indonesian Military (TNI) chief, it was surprisingly Vice President Ma’ruf Amin who...
Azis’s arrest tests Golkar’s resilience
The resilience of the Golkar Party has been put to the test yet again, following the arrest of top executive Azis Syamsuddin on Sept. 22. The Corruption Eradication Commission (KPK) nabbed the House of Representatives Deputy Speaker after he failed t...
Indonesia cautiously easing into epidemic
With the COVID-19 pandemic coming under control, Indonesia is preparing to ease into an epidemic phase, whereby some health protocols, including restrictions on people’s mobility, will remain in place. The government is moving cautiously amid predict...
Attacks on civil liberty intensify as Luhut joins the fray
Indonesia’s democracy continues to come under attack as evident in the enforcement of law to silence government critics and defenders of civil liberty. The criminalization of pro-democracy activists has become the norm in the country, which prides it...
BUSSINES & ECONOMICS
Govt struggles to recover BLBI assets as House withholds support
The government, through the Bank Indonesia Liquidity Support (BLBI) task force, has summoned 24 of the 48 businesspeople bailed out by the BLBI scheme during the 1998 financial crisis in a bid to recover lost funds. The task force, however, faces stu...
Erick set to close down 7 “Zombie SOEs” by early 2022
State-owned Enterprises (SOEs) Minister Erick Thohir is set on closing down seven SOEs by early 2022 to give certainty to the companies’ workers.1 The companies have stopped operating due to financial troubles and have not paid their responsibilities...
Grab to invest in local bank to catch up with arch-rival GoTo
Ride-hailing super app Grab is reportedly scouting three local banks, Bank BRI Agro (AGRO), Bank Fama and Bank Aladin (BANK), for acquisition and to transform the acquired bank into a digital bank. This follows Garb’s earlier move of teaming up with...
Govt increases tourism support funds in 2021
The government is set to increase the budget for this year’s tourism grant fund by US$29 million to Rp 3.7 trillion ($260 million) to enhance social protection amid the COVID-19 crisis. Besides having a bigger allocation, this year’s fund will also c...
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