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Backgrounder
Tenggara Backgrounder May 12, 2023
POLITICS
Prabowo: The one to beat in 2024, for now
Defense Minister Prabowo Subianto is shaping up as the candidate to beat in the presidential race on Feb. 14, 2024, and is no longer the dark horse of earlier surveys.
Golkar Party’s coalition hangs in the balance
The Golkar Party is now repositioning itself in national politics as the United Indonesia Coalition (KIB) it formed with the United Development Party (PPP) and the National Mandate Party (PAN) has now lost its footing. With the PPP deciding to back t...
Yasonna’s son shows nepotism, conflict of interest still rampant
Yamitema Tirtajaya Laoly, the son of Law and Human Rights Minister Yasonna Hamonangan Laoly, is currently under public scrutiny after his involvement in prison businesses was made public. Award-winning movie actor Tio Pakusadewo revealed in a podcast...
Finding motives behind Mahfud’s antimoney laundering stunt
A joint task force led by Coordinating Legal, Political and Security Affairs Minister Mahfud MD to investigate the alleged Rp 349 trillion (US$23.4 billion) of “suspicious transactions” at the Finance Ministry is ready to take action. Set to work unt...
BUSSINES & ECONOMICS
HS Codes Manipulation in 189 trillion Gold Import Case
The Prevention and Eradication of Money Laundering Task Force (TPPU) suspects the existence of a modus operandi of falsifying the Harmonized System (HS) codes in the case of import duty and tax evasion related to gold import and export, which caused...
IDX suspends trading of Waskita’s shares once again
The Indonesia Stock Exchange (IDX) has once again announced a trading halt for construction company Waskita Karya’s stocks starting from May 7 after the state-owned enterprise (SOE) failed to make timely coupon payments on its bonds.
Govt plan to relax copper ore export ban for Freeport raises concerns
The Energy and Mineral Resources Ministry is preparing to issue a regulation that will allow PT Freeport Indonesia (PTFI) to export copper concentrate beyond the start date of raw mineral export ban slated to begin on June 10. This plan has raised co...
Landslide in Freeport mining area damages Papua’s Q1 economy
The GDP growth rate of the Maluku and Papua region sunk from 10.09 percent in quarter 1 (Q1) of 2022 to 1.95 percent in Q1 of 2023 due to a landslide in Freeport’s mining area in Tembagapura district and flooding in an MP 74 concentrate processing fa...
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