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Backgrounder
Tenggara Backgrounder October 11, 2019
POLITICS
Amending the Constitution: Should Jokowi care?
The constitutional amendment is now a certainty after the People’s Consultative Assembly (MPR) reached a consensus on its leadership lineup. Days of deliberation stopped the 711 assembly members from putting the speakership issue to a vote. Realistic...
Buzzers: The new thought police?
The series of mass protests in recent weeks aptly illustrated how technology could turn into a double-edged sword in today’s democracy. Social media platforms have proven beneficial for the country’s democracy, as they enable people to acquire inform...
Attack on Minister Wiranto reinstates terrorist threat
The knife attack on Coordinating Political, Legal and Security Affairs Minister Wiranto has accentuated the prevalent danger imposed by terrorism in the country. Soon after the assault took place, the National Police declared that Wiranto’s attacker,...
Gerindra eyes Cabinet posts
In its attempt to retain significance in the country’s political landscape, the Gerindra Party has again engaged in horse trading for ministerial posts. Gerindra chairman Prabowo Subianto has reportedly proposed three names to President Joko “Jokowi”...
Calculating Airlangga’s reelection prospects
Following the appointment of Golkar politician Bambang Soesatyo as the new speaker of the People’s Consultative Assembly (MPR), Golkar chairman Airlangga Hartarto stands a great chance of being reelected. Bambang, Airlangga’s strongest contender for...
BUSSINES & ECONOMICS
Rising nickel price complicates Vale divestment
The PT Vale Indonesia (INCO) divestment process is set to complete this month, yet its value remains unclear. Meanwhile, the INCO share price has been increasing, giving its owners greater bargaining power, as this could lead to a higher valuation. W...
OVO, GoPay up their game
On Sept. 11, Reuters reported that the largest ride-hailing company in Southeast Asia Grab was in talk to merge Lippo Group-backed financial technology (fintech) company OVO with Ant Financial-backed DANA. If all parties agree on the merger plan, Gra...
Indofood severs ties with PepsiCo over lack of profit
Publicly-listed food giant Indofood CBP (ICBP) announced on Monday that subsidiary Anugerah Indoofood Beverage Makmur (AIBM), a joint venture with Asahi Group of Japan, had decided not to renew its five-year agreement with PepsiCo because of commerci...
Foreign investors still optimistic with Indonesia amid political turbulence
Foreign investors in the stocks market were spooked by recent political turbulences and decided to short their investment. On Sept. 24 and 25, foreign investors recorded net sells worth Rp 773.2 billion and Rp 769.7 billion respectively. However, in...
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