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Backgrounder
Tenggara Backgrounder October 13, 2023
POLITICS
Hunter becomes hunted in Indonesia’s antigraft campaign
The police are investigating Corruption Eradication Commission (KPK) head Firli Bahuri over allegations of extorting Rp 1 billion (US$65,000) from Agriculture Minister Syahrul Yasin Limpo to halt a corruption probe into the cabinet minister.
Fears new State Civil Apparatus Law will revive TNI dual-functon
After swift deliberation, the House of Representatives passed on Oct. 3 the amended State Civil Apparatus Law that will not only protect millions of non-permanent government workers from mass layoffs, but also allow active Indonesian Military (TNI) a...
Indonesia continues to tackle wildfires as pressure mounts
Forest and brush fires have continued to ravage parts of Sumatra and Kalimantan over the last couple of months, prompting seven provinces to declare a state of emergency. The fires, likely caused by the slash-and-burn method of clearing land and a pr...
Economic considerations in developing primary weapons system
Juggling between the people’s welfare and the country’s military spending, President Joko ‘’Jokowi’’ Widodo has told the Indonesian Military (TNI) to prioritize the domestic defense industry in military procurement, including in modernizing its prima...
BUSSINES & ECONOMICS
Pertamina to receive Rp 3.37 trillion in state capital injection
State-owned energy company PT Pertamina has quietly received a PMN of Rp 3.37 trillion (US$40.47 billion), based on a presidential regulation (PP) signed on Oct. 3. Pertamina has received this PMN to fortify the SOE's capital structure as well as to...
Govt to tighten import of select goods to restructure domestic trade
The government has announced its plans to tighten imports of certain goods deemed disruptive to the domestic market. This decision comes alongside rising complaints about the high volume of imported goods circulating in traditional markets and e-comm...
Bank Mandiri ditches AXA Insurance stake over unfavorable returns
The country’s biggest lender, state-owned PT Bank Mandiri has sold its remaining 20 percent stake in PT AXA Insurance Indonesia because of the insurer's failure to provide a desired return on investment. The decline in AXA Insurance's performance is...
Acting agriculture minister faces rice import problem
The new acting agriculture minister, Arief Prasetyo, who is also heading the Bapanas, will take on a plan by President Jokowi’s administration to raise Indonesia’s rice imports by 1.5 million tonnes amid the impending agricultural impact of El Niño a...
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