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Backgrounder
Tenggara Backgrounder September 01, 2023
POLITICS
Indonesia joining BRICS? Thanks, but no thanks
Indonesia made the point of attending the summit of the club of emerging economies known as BRICS in South Africa last week, but it politely turned down an invitation to join the group, which is expanding its membership to strengthen its hand in mana...
Improbable Ganjar-Anies scenario in the air in face of rising Prabowo
The scenario of pairing Central Java Governor Ganjar Pranowo and former Jakarta governor Anies Baswedan has surfaced into the political arena, where Anies will run with Ganjar as his vice-presidential candidate for the 2024 election. Such a seemingly...
Prabowo’s purchase of F-15EX steers Indonesia closer to US
Defense Minister Prabowo Subianto has moved a step further in his quest to modernize Indonesia’s aging primary weapon system with the signing of a memorandum of understanding (MoU) last week finalizing the purchase of 24 new F-15EX fighter jets from...
Candidates list unveiled, public asked to scrutinize
The General Elections Commission (KPU) has released the provisional legislative candidate list (DCS) from the 18 political parties eligible to contest the 2024 legislative elections. The public was encouraged to peruse the list of the 9,925 individua...
BUSSINES & ECONOMICS
Freshly launched, LRT already grappling with operational glitches
After several delays and subsequent controversies, the Greater Jakarta LRT finally commenced official commercial operations on Monday. Within three days of operation, the LRT has encountered a series of issues, including train delays, train door malf...
Govt to merge Garuda-Citilink with Pelita Air to boost target fleet
After completing a major restructuring of Garuda’s finance, the Indonesian government has rolled out its plans to merge it and its subsidiary Citilink with Pelita Air, a subsidiary of state-owned oil and gas giant Pertamina. Proposed as part of the S...
Waskita faces more PKPU attempts ahead of merger with WIKA
The suspension of debt payment obligation (PKPU) lawsuit sent by Donny Hartanto Lesmana against infrastructure Waskita Karya was rejected by the Commercial Court of the Central Jakarta State Court on Aug. 24, 2023. The court judges’ reason for dismis...
BI to issue Rupiah Securities to mitigate impact of likely rising FFR
Bank Indonesia (BI) concluded their board of governors meeting (RDG) with the decision to maintain the benchmark interest rate (BI7DRR) at 5.75 percent. The central bank emphasized they would prioritize non-interest rate policy strategy as a response...
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