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Backgrounder
Tenggara Backgrounder February 17, 2023
POLITICS
Indonesia today more corrupt than when Jokowi took charge
When President Joko “Jokowi” Widodo exits the political stage in October 2024, Indonesia will likely be a more corrupt nation than when he moved into the presidential palace a decade earlier, unless he can turn things around. This is hardly a legacy...
Humanitarian pause flops, Papua conflict resolution in limbo
Hopes for an imminent end to violence in Papua look dim after the National Commission on Human Rights (Komnas HAM) pulled out from an agreement on a humanitarian pause in Papua signed in Geneva last November. Instead, the commission has opted to focu...
Politics of nahdliyin: Impartiality and NU-PKB’s uneasy relationship
Nahdlatul Ulama (NU), Indonesia’s largest Muslim organization, recently celebrated its centenary (based on the Hijri calendar) by setting an ambitious global goal and reminding the public of its neutrality on identity politics, a stance NU chairman Y...
KPK increasingly turns into one-man show
The Corruption Eradication Commission (KPK) is looking more like a one-man show as more top officials leave the antigraft body. In the latest development, KPK enforcement and execution deputy Karyoto and KPK investigation director Endar Priantoro hav...
BUSSINES & ECONOMICS
RI-China reach agreement on Jakarta-Bandung HSR cost-overrun
Deputy State-Owned Enterprises (SOEs) Minister Kartika Wirjoatmodjo announced an agreement had been reached between Indonesia and China regarding the amount of Jakarta-Bandung High Speed Rail (HSR) project cost overrun, but the figure seems to be cla...
Coal to remain as dominant energy source even after energy transition
The government’s promise to reduce the country’s dependence on coal rings false as plans are in place to implement coal derivatives as new sources for Indonesia’s energy. With three out of the five sources of “new energy” being coal derivatives, many...
Waskita Karya shares trading halted after coupon payment deferment
The Indonesia Stock Exchange (IDX) has halted trading of state-owned construction firm Waskita Karya’s stocks, bonds and sukuk (sharia-compliant bonds) after the company announced that it would defer coupon payments worth Rp 2.28 trillion (US$150.76...
Govt to require forex to enter, as country records 33-month trade surplus
The government plans to introduce tighter controls on foreign exchange from exports (DHE) by requiring the money to be held within the domestic banking system for at least three months to boost foreign exchange reserves and thus the rupiah, after the...
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