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Backgrounder
Tenggara Backgrounder October 18, 2019
POLITICS
Jokowi set to name bigger rainbow coalition
President Joko “Jokowi” Widodo will likely announce his new Cabinet within hours of his inauguration on Sunday, and swear in the ministers the next day. Most negotiations of who is in and who is out would have been concluded by now. Regardless, there...
Demonstrations loom over presidential inauguration
Following a series of rallies in the past weeks against problematic bills, reports have it that students will return to the streets during the inauguration of reelected President Joko “Jokowi” Widodo and vice president-elect Ma’ruf Amin on Oct. 20. M...
Questioning government’s war on terror
The recent knife attack on Coordinating Political, Legal and Security Affairs Minister Wiranto has reinstated the country’s war on terror after several prominent figures said the suspected attackers were affiliated to a homegrown terrorist group and...
Sandiaga returns to roots
After weeks of relative silence, losing vice presidential candidate Sandiaga Uno has theatrically announced his decision to rejoin the Gerindra Party. Made days apart from Gerindra chairman Prabowo Subianto’s meeting with President Joko “Jokowi” Wido...
BUSSINES & ECONOMICS
Govt converts TPI debt to shares
to revive petrochemical industry
The government has officially converted most of PT Tuban Petrochemical Industries’ (Tuban Petro) debt into shares, effectively freeing the problem-ridden company from its debt overhang, in a bid to boost domestic petrochemical production to meet grow...
Susi deals blow to Benoa Bay reclamation project
Maritime Affairs and Fisheries Minister Susi Pudjiastuti issued on Oct. 4 Ministerial Decree (Kepmen) No. 46/2019, which declares Benoa Bay a maritime conservation area. The decree is a response to Bali Governor I Wayan Koster’ letter delivered on Se...
Jiwasraya crisis deepens as it fails another claim payment
Liquidity problems have been plaguing state-owned insurance firm Asuransi Jiwasraya since last year, forcing the company to once again postpone claim payments to thousands of its policy holders. A few dissatisfied customers, however, sued the company...
Skepticism surrounds Trump’s promise on US-China trade deal
United States Treasury Secretary Steven Mnuchin announced that US and Chinese trade negotiators are working on a Phase 1 trade deal text. Despite the optimism expressed by Mnuchin, market and industry players are skeptical.
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