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Tenggara Backgrounder March 17, 2023
POLITICS
Sri Mulyani battles to defend integrity and ministry reputation
Finance Minister Sri Mulyani Indrawati has been coming under attack with allegations of massive corruption or fraud, not by her but by staffers in her ministry. These charges are not only hurting her personal reputation, but they also undermine the c...
Judges under microscope for ordering election delay
The Judicial Commission (KY) has launched an investigation into a panel of judges from the Central Jakarta District Court over alleged violations of the code of ethics for ordering a delay to the general elections, which had been set for Feb. 14, 202...
Golkar’s power struggle for vacant youth and sports minister seat
President Joko “Jokowi” Widodo has accepted the resignation of Youth and Sports Minister Zainuddin Amali, allowing the Golkar Party cadre to focus on his role as deputy chairman of the Soccer Association of Indonesia (PSSI). Zainuddin’s exit has, how...
Islam-based parties favor closed-list electoral system
The minor Crescent Moon Party (PBB) has sided with the Indonesian Democratic Party of Struggle (PDI-P) in support of the reinstatement of the closed-list representation electoral system. Meanwhile, in an about-face, the Muslim-based United Developmen...
BUSSINES & ECONOMICS
Air Products exits RI’s coal downstream projects
After a tug-of-war in coal supply price negotiations for a coal-to-dimethyl ether (DME) conversion project with Indonesian state-owned enterprises (SOEs) Bukit Asam (PTBA) and Pertamina, United States chemical company Air Products & Chemical finally...
Tech layoff trend continues in race to profitability
Technology start-ups are racing against time to break even as their cash runs low and investment funding dries up. Just three months after letting go of 1,300 employees in November, homegrown tech giant GoTo slashed 600 jobs earlier this month. Its e...
Thrift products continue flooding Indonesia despite ban
The government has banned the import of thrift products for years, yet the products continue to flood the country via small ports. Now, the government vows to crack down on these illegal imports following a Reuters investigation that found old sneake...
SVB collapse impacts Indonesia despite limited direct exposure
The impact of Silicon Valley Bank’s (SVB) sudden collapse has spread to Indonesia, and Asia more generally, primarily through the stock market. Although it was initially assumed that Indonesia would be largely unaffected by the SVB collapse on Monday...
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