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Backgrounder
Tenggara Backgrounder September 08, 2023
POLITICS
Political constellations shift after Anies-Muhaimin duo announced
The country’s political landscape has changed after the announcement that former Jakarta governor Anies Baswedan will partner with National Awakening Party (PKB) chairman Muhaimin "Cak Imin" Iskandar as presidential and vice-presidential candidates....
Will Sandiaga be the fourth presidential contender?
The National Awakening Party’s (PKB) decision to switch sides and join hands with the rival camp supporting Anies Baswedan has effectively shifted the political map ahead of the presidential election in February. Apart from prompting the Democratic P...
Former graft convicts eligible to run for public office
The country’s commitment to the fight against corruption has come under the spotlight yet again as dozens of former graft convicts have passed the administrative screening to contest the legislative elections in February next year. ICW found at least...
ASEAN making little progress. But then, that’s ASEAN
For the uninitiated, watching ASEAN (the Association of Southeast Asian Nations) can be frustrating. Even when the 10-nation bloc is led by its largest member Indonesia this year, progress on issues that the international community considers most pre...
BUSSINES & ECONOMICS
Merah Putih Fund targets “soonicorns” with $300 million initial funding
Five state-owned corporate venture capitals (CVCs) have formally launched the Merah Putih Fund, raising US$300 million in its first fundraiser targeting “soonicorns”, or start-ups expected to soon become unicorns.
Vale gives in to govt demand, but wants to retain INCO operation
Vale Canada Ltd. and Sumitomo Metal Mining Co. Ltd., the two key shareholders of the country’s biggest publicly listed nickel miner PT Vale Indonesia Tbk. (INCO), have given in to the government’s demand to give INCO’s majority stake to state-owned m...
ASEAN-BAC unveils eight legacy projects in 2023 ASEAN Summit
The Association of Southeast Asian Nations (ASEAN)’s Business Advisory Council (ASEAN-BAC) unveiled eight legacy projects during the 2023 ASEAN Business and Investment Summit in Jakarta on Sep. 4. The projects include the ASEAN QR Code, Marketplace L...
Sinking food prices drive deflation in August
Statistics Indonesia (BPS) has revealed that, for the first time in the year, the month-to-month (mtm) consumer price index (IHK) deflated slightly by approximately 0.02 percent from July to August. This deflation was primarily driven by the prices o...
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