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Backgrounder
Tenggara Backgrounder December 09, 2022
POLITICS
How powerful is Jokowi in deciding the 2024 outcome?
When President Joko “Jokowi” Widodo told his diehard supporters to vote for a candidate with “forehead wrinkles” and “white hair” in the 2024 presidential election, almost everyone concluded that he was referring to Central Java Governor Ganjar Prano...
‘Star wars’ reveal entrenched corruption within police
National Police top brass have found themselves embroiled in a struggle dubbed “star wars”. Following the high-profile murder of Brig. Nopriansyah Yosua Hutabarat, allegedly orchestrated by his commander, former two-star police general Ferdy Sambo in...
IKN Law to be revised to keep hopes for new capital alive
Only in February of this year the House of Representatives passed the Nusantara Capital City (IKN) Law. But the fact that the government has now proposed amendments to the 10-month-old legislation only shows how erratic the plan to relocate the capit...
KIB moves closer to considering external candidates for 2024
Talk has resurfaced over the possible picks of the United Indonesia Coalition (KIB) for the 2024 presidential election. The popular and most recent outsiders to appear on the radar of the alliance between the Golkar Party, the National Mandate Party...
BUSSINES & ECONOMICS
Digital rupiah to pressure electric money and digital wallet dominance
Ever since Bank Indonesia (BI) announced their intent to to create a central bank digital currency (CBDC) in July, everyone voiced concern regarding the risk of the monetary authority becoming a competitor to digital wallet services. Last week, the c...
Dwi Soetjipto reappointed SKK Migas chair amid dwindling oil output
President Joko “Jokowi” Widodo has reappointed Dwi Soetjipto as chairman of the Upstream Oil and Gas Regulatory Task Force (SKK Migas) for the 2022-2026 period amid a mass departure of multinational oil companies from the country and continuing decli...
GoTo aims for global listing in first half of 2023
After its stock price hit the auto-rejection lower limit for eight days in a row, Indonesia-based tech giant PT GoTo Gojek Tokopedia held a public meeting on Friday as requested by the Indonesia Stock Exchange (IDX). GoTo’s management said the sellin...
Jitters around oil price rises as G7 and Australia cap price of Russian oil
Group of Seven member states and Australia agreed to cap the price of seaborne Russian oil at US$60 per barrel starting the evening of Dec. 2. With the aim of draining Russia’s chest capacity in financing war in Ukraine, the move has not been free fr...
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