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Backgrounder
Tenggara Backgrounder October 20, 2023
POLITICS
Ganjar-Mahfud announcement amid Jokowi’s wavering support
The Indonesian Democratic Party of Struggle (PDI-P), the victor of the 2019 general election, has finally declared Mahfud MD to be the running mate of the party’s presidential candidate Ganjar Pranowo for the 2024 election. That declaration, made ami...
Court ruling paves way for Jokowi’s political dynasty
The integrity of the Constitutional Court has come under scrutiny after it ruled that candidates under the age of 40, with experience as elected officials, are eligible to run for presidential office. The ruling effectively opens the way for Presiden...
Muslim-majority Indonesia's limited diplomatic leverage in Middle East
The escalating violence in the Palestine-Israel conflict shows Indonesia’s limitations in influencing developments in the Middle East, despite its standing as the world’s largest Muslim-majority nation and being regarded as the largest democracy in t...
Indonesian SOEs accused of supplying arms to Myanmar junta
Indonesia’s commitment to restoring peace and democracy in Myanmar has come into question after a consortium of human rights advocacy groups consisting of the Myanmar Accountability Project (MAP) and the Chin Human Rights Organization (CHRO), alongsi...
BUSSINES & ECONOMICS
Post-pandemic, pharma SOEs beset with financial problems
After reaping profits at the height of the COVID-19 pandemic, Indonesia’s pharmaceutical industry is now facing a weakening economy. State-owned pharmaceutical companies have been hit hardest, with problems that include significant debt, expired vacc...
GOTO faces shareholder backlash following private placement
Indonesia's tech juggernaut PT GoTo Gojek Tokopedia (GOTO) has opted for a private placement strategy to infuse fresh capital from strategic investors, raising new funds of US$150 million. This strategic move, however, has ignited a backlash among lo...
Israel-Hamas war’s impact on RI’s economy
The current war between Israel and Islamic Resistance Movement (Hamas)-led Palestinian forces could have a major impact on the global economy, and therefore impacting Indonesia. The conflict, on top of the Russia’s ongoing invasion of Ukraine, may af...
Indonesia’a trade surplus rises, despite falling exports
The latest trade reports from Statistics Indonesia (BPS) showed that Indonesia’s trade surplus rose slightly to US$3.42 billion in September 2023 from $3.12 billion in August 2023, even though the total export value decreased 5.63 percent to $20.76 b...
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