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Backgrounder
Tenggara Backgrounder June 03, 2022
POLITICS
Jokowi sets Luhut on belligerent palm oil giants
The continuous tug-of-war between President Joko “Jokowi” Widodo and palm oil giants is intensifying. Jokowi may have lost the latest battle when he relented to pressure to lift the export ban on palm oil, which he had imposed to ensure adequate supp...
Law revised to facilitate Job Creation Law amendment
The House of Representatives endorsed on Tuesday revisions to the Drafting of Laws and Regulations (PPP) Law. During the House plenary session, deputy Legislative Body (Baleg) chairman M. Nurdin said 19 changes had been made to the old PPP Law. Most...
Military, police as acting regional heads: Show must go on
In defiance of public criticism, the government has appointed the State Intelligence Agency’s (BIN) Central Sulawesi bureau head Brig. Gen Andi Chandra As’aduddin as the acting regent of West Seram in Maluku, replacing Yus Akerina whose term ended on...
United Indonesia Coalition to shake up national political landscape
The formation of the United Indonesia Coalition – an alliance between the Golkar Party, the National Mandate Party (PAN) and the United Development Party (PPP) – has opened up the chance of having more than two presidential hopefuls in the 2024 elect...
BUSSINES & ECONOMICS
Govt ends subsidy, uses DMO to bring down cooking oil prices
Despite the government’s reopening of crude palm oil (CPO) exports, businesses still face hurdles in exporting as they have to meet the complicated procedures of the domestic market obligation (DMO) of CPO before they can export their produce. In add...
Glitch in planned inauguration of OJK new commissioners
News reports had it that the Supreme Court would inaugurate the newly elected Financial Services Authority (OJK) commissioners on May 24 – about two months before the original schedule – but on the said date, nothing happened. No explanation was give...
Indonesian start-ups rocked by mass layoffs, start of ‘bubble burst’
As economic turmoil sets off an alarming number of layoffs across well-known Indonesian start-ups, the future of this fast-growing ecosystem is in question, with many wondering whether this trend is an indication of the start-up ecosystem’s dramatic...
Govt pledges to bring 2023 budget deficit back to pre-pandemic level
Finance Minister Sri Mulyani Indrawati submitted on Monday a draft 2023 state budget to the House of Representatives’ budget committee for further deliberation. In it, the government reportedly lowered the budget deficit to the pre-pandemic level of...
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