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Backgrounder
Tenggara Backgrounder October 29, 2021
POLITICS
In seven years, Jokowi reverses order, putting development before democracy
When President Joko “Jokowi” Widodo took office in 2014, Indonesia was cited as a successful model of an emerging democracy, one that delivered the fruits of development. After getting rid of long-time dictator Soeharto in 1998, the nation made a con...
Indonesia to prioritize climate finance at COP26 summit
At the upcoming 26th United Nations Climate Change Conference (COP26), Indonesia will be prioritizing, among other things, the completion of international rules governing climate finance. With its delegation consisting of both state and non-state act...
Government eases restrictions but stays on alert for COVID-19 third wave
While many other countries are experiencing a resurgence of COVID-19 infections, Indonesia has seen a consistent decline in daily cases. On Oct. 26, the country recorded 611 new positive cases, far lower than the record high of over 56,000 at the pea...
Long, winding road for presidential aspirants
With less than three years until the next presidential election, several pollsters have already begun to map out the prospects of potential candidates.
BUSSINES & ECONOMICS
Jokowi shows support for businessman entangled in tax evasion case
President Joko “Jokowi” Widodo last week inaugurated a Rp 2 trillion (US$138 million) bio-diesel plant in South Kalimantan belonging to his former campaign treasurer, who is currently entangled in a tax evasion case. Jokowi’s move has raised eyebrows...
Govt to set limit on domestic coal price amid global commodity rallies
The surging global coal price has debilitated domestic factories in Indonesia, forcing them to shut down operations temporarily until coal becomes affordable again. This has prompted the government to deliberate the formulation of a domestic coal pri...
BNI jumps on digital bank bandwagon
State-owned Bank Negara Indonesia (BNI) has jumped on the bandwagon to establish a digital bank, which could cost it up to Rp 3 trillion (US$ 211 million). The word around town is that the publicly listed commercial bank is planning to acquire Bank M...
Global inflation rising, Indonesia exempted
Global inflation has been rising since as early as the beginning of 2021, driven by firming demand, input shortages and rapidly rising commodity prices. This trend occurs in across advanced and emerging market and developing economies; therefore, sug...
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