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Tenggara Backgrounder March 03, 2023
POLITICS
Assault case leads to tax officials’ wealth probe
Mario Dandy Satrio, the son of a South Jakarta Tax Office official, has made a name for himself, albeit for the wrong reasons, after the South Jakarta Police arrested him and declared him a suspect in an assault case against the son of an executive o...
Investors face more uncertainty as labor law plan hits another snag
The Job Creation Law, the centerpiece of President Joko “Jokowi” Widodo’s economic-legacy building, has hit another snag after the House of Representatives failed to endorse his executive order, known as the regulation in lieu of law (Perppu), that w...
TNI leadership change overlaps election campaign
The governor of the National Resilience Institute (Lemhannas), Andi Widjajanto, has found an issue with Indonesian Military (TNI) commander Adm. Yudo Margono and Army Chief of Staff Gen. Dudung Abdurachman’s planned retirement this November, as they...
Ganjar leads head-to-head scenario of upcoming presidential race
According to recent polls showcasing a head-to-head simulation of the 2024 presidential race, Central Java Governor Ganjar Pranowo will take the lead over potential rivals former Jakarta governor Anies Baswedan and Gerindra Party leader Prabowo Subia...
BUSSINES & ECONOMICS
PGE stock has yet to close higher than IPO price
Pertamina Geothermal Energy’s (PGE) stock price took a dramatic nosedive on the first day of trading on Feb. 24, hitting the auto rejection lower limit, before finally closing back to the initial public offering (IPO) price of Rp 875 (5.7 US cents) p...
Bulog accused of collusion leading to high buffalo meat price
The government opened up buffalo meat imports to provide a substitute for beef, the price of which has been rising, but the effort seems to have been undermined as the buffalo meat price has followed suit and risen as well. Alleged collusion between...
Carbon trading kicks off with 99 coal-fired power plants
Carbon trading in Indonesia is now on the horizon after the government finally set an emissions upper limit technical approval (PTBAE) for coal-fired power plants (PLTU) through Energy and Mineral Resources Ministerial decree No. 14/2023, dated Feb....
Govt to offer larger tax incentives to attract investors to IKN
President Joko “Jokowi” Widodo is preparing a slew of incentives, ranging from longer tax holidays and bigger tax incentives to longer land tenure for investors willing to invest in the new Nusantara Capital City (IKN) in East Kalimantan. Most invest...
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