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Backgrounder
Tenggara Backgrounder September 05, 2025
POLITICS
Prabowo uses big stick, few carrots to restore order
The deployment of the Indonesian Military (TNI) to crack down on massive nationwide protests, some of which descended into violence, around the turn of the month may have helped restore order. President Prabowo Subianto, for one, felt comfortable eno...
Mass protests fuel Prabowo’s conspiratorial narrative
As nationwide protests have subsided, a new power struggle has emerged among Indonesia's political elite, centering on who was behind the widespread unrest last week.
Constitutional Court ends deputy ministers’ moonlighting
The controversy over double jobs for deputy ministers should now end after the Constitutional Court prohibited them from serving as commissioners in state-owned enterprises (SOEs), reinforcing its previous ruling that barred ministers and other high-...
BUSSINES & ECONOMICS
Patriot Bonds oversubscribed amid questions of compulsion
The Patriot Bonds, a debt instrument issued through Indonesia's state asset fund Danantara, have attracted demand exceeding the amount offered, despite offering a much lower coupon rate than comparable government securities. Some analysts point to qu...
Short-selling in limbo as public unrest hits Indonesian stocks
Indonesia's stock market took a heavy blow in late August during nationwide riots and protests. On Aug. 29, the Indonesia Stock Exchange (IDX) Composite index fell to 7,830.49 from 7,952.09 the day before, a 1.53 percent drop.
When Shell runs dry, Pertamina steps back in
Shortages have gripped Indonesia once again, with Shell, BP and Vivo fuel stations running low in several regions. The fuel shortages have caused long lines at Shell, BP and Vivo stations as well as increased demand at state-owned Pertamina stations,...
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