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Backgrounder
Tenggara Backgrounder May 19, 2023
POLITICS
TNI Law revision feared to revive military dual role
The Indonesian Military (TNI) has caught the nation’s attention for its move to revise the 2004 TNI Law that many are afraid would reinstate dwifungsi (dual role) in the military, which characterized the authoritarian New Order regime of Indonesia in...
Searching for running mates for Prabowo, Ganjar and Anies
With registration for the 2024 presidential and vice presidential candidates opening soon, Prabowo Subianto, Anies Baswedan and Ganjar Pranowo, the only figures with a realistic chance of winning the highest office, remain in search of their running...
Legislative race to feature mixed bag of candidates
Registration for the 2024 legislative elections wrapped up on May 14, with political parties pulling out all the stops to win big in the upcoming contest. Apart from incumbents, President Joko “Jokowi” Widodo’s Cabinet members and newcomers from vari...
Indonesia under pressure to bring peace in Myanmar
When Indonesia took over the 2023 ASEAN chairmanship at the start of the year, it raised a lot of expectations globally that the 10-nation regional grouping could end the ongoing civil war afflicting member country Myanmar.
BUSSINES & ECONOMICS
BSI at risk of lawsuit after its data breach by hackers
Bank Syariah Indonesia (BSI), a subsidiary of banking state-owned enterprise (SOE) Bank Mandiri, was a victim of extortion, by criminal hacker group LockBit, of data that allegedly belonged to the sharia banking SOE, including employee data, records...
Pertamina teams up with Petronas to acquire Shell's stake in Masela
State-owned energy giant Pertamina is teaming up with Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) to acquire Dutch oil and gas giant Shell's 35 percent participating interest (PI) in Masela Block. The Masela gas project has sta...
GoTo’s admission to MSCI index allows respite for falling stock
The upcoming admission of Indonesian superapp and tech giant PT GoTo Gojek Tokopedia Tbk (GOTO) into the MSCI Indonesia Index has given a respite to its falling stock price, which is a result of the company’s continuing losses and being far from achi...
Foreign debt contracts in Q1 2023 as USD dips
Bank Indonesia (BI) reported a slight contraction of 1.9 percent year-on-year (yoy) in the country's external debt, from both public and private sectors, to US$402.8 billion in the first quarter (Q1) of 2023, thanks partly to the US dollar depreciati...
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