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Tenggara Backgrounder November 15, 2019
POLITICS
New doctrine shows Defense Ministry’s lack of foresight
Defense Minister Prabowo Subianto’s new defense doctrine may create new problems or even exacerbate the challenges in the defense sector. The doctrine’s heavy emphasis on manpower, in particular, tends to eclipse other priority issues facing the Indo...
Questioning urgency of deputy TNI chief post reinstatement
President Joko “Jokowi” Widodo has recently stirred up yet another controversy by reinstating the post of deputy Indonesian Military (TNI) commander after 20 years. The urgency, or the lack thereof, of the policy has led to speculation over whether p...
Gelora Party makes ripples, not waves, in national politics
The recent launch of the Gelombang Rakyat (People’s Waves) Party, or Gelora for short, will probably make some waves in the Prosperous Justice Party (PKS), the country’s largest Islamist party, but barely make ripples in national politics.
Battle of narratives: FPI vs. government
It became a battle of narratives when hardline Muslim cleric Rizieq Shihab seized public attention by claiming that he had been prohibited by the government to return home from his self-exile in Saudi Arabia. However, several government officials hav...
BUSSINES & ECONOMICS
Jiwasraya pleas for bailout from taxpayer money
Desperate for help, state insurance company PT Asuransi Jiwasraya asked the government for a bailout of Rp 32.89 trillion (US$2.35 billion) from taxpayer money to solve its financial crisis. Since the crisis is considered to be a result of the compan...
Sriwijaya bids Garuda final goodbye
Sriwijaya has decided to end its partnership with Garuda Indonesia after months of quarreling that put Sriwijaya’s operations in tatters, with customers forced to deal with many flight cancellations. Sriwijaya said its debt worsened after the partner...
OJK cracks down on Hanson's illegal fund raising operation
On Oct. 28, the Financial Services Authority’s (OJK) investment alert task force chairman, Tongam L. Tobing, warned PT Hanson International, a property company owned by Benny Tjokrosaputro, to stop all of its public fundraising activities. Tongam sai...
Financial account improved but CA deficit remains an issue
Indonesia’s accumulative current account deficit from the first quarter to the third quarter of 2019 remained high at $22.5 billion, slightly higher than last year’s accumulative deficit in the same period at $21.3 billion. Facing this challenge, Jok...
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