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Backgrounder
Tenggara Backgrounder January 06, 2023
POLITICS
Perppu creates problems, not jobs
President Joko “Jokowi” Widodo presented a new year gift in the form of a government regulation in lieu of law (Perppu) on job creation. Signed on Dec. 30, 2022, Perppu No. 2/2022 replaced the Job Creation Law that in late 2021 was declared condition...
Vote for a party, or for a candidate? Indonesia debates
With the general elections a little over a year away, Indonesia is debating whether voters cast their ballot paper for a political party or for a candidate as they have done in the last three elections.
Curbs lifted but COVID-19 pandemic still far from over
Despite the fact that the World Health Organization (WHO) maintains the COVID-19 pandemic as a public health emergency of international concern, President Joko “Jokowi” Widodo has decided to lift all public activity restrictions (PPKM) in the country...
BUSSINES & ECONOMICS
Garuda completes restructuring, back to black, resumes stock trading
Troubled-ridden flag carrier Garuda Indonesia completed its massive debt restructuring, allowing the company to turn around to profit last year, after massive losses in the past few years, and its stock resumes trading in the Indonesian Stock Exchang...
State budget realization shows SOEs’ dependence on public debt
Indonesia’s debt grew by Rp 688.5 trillion (US$44.19 billion) last year to finance the country’s state budget deficit of Rp 464.3 trillion, or 2.38 percent of gross domestic product (GDP). The remaining debt was used for investment in priority sector...
JCI’s moderate growth among the top performances in Asia-Pacific
Indonesia closed out the year with moderate stock market growth due to high inflation rates driven by a rise in fuel prices. Despite the limited gains, the Indonesian stock market is considered healthy compared to other countries. The Jakarta Composi...
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