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Backgrounder
Tenggara Backgrounder September 10, 2021
POLITICS
In spite of gains, Indonesia in no rush to remove COVID-19 restrictions
Indonesia is resisting intense pressure to end the restrictions on people’s mobility, even though it is making significant gains in bringing the pandemic under control. Wary of a third wave of COVID-19 infections now seen in countries that have opene...
TNI chief candidate: Jokowi torn between Andika and Yudo
With Indonesian Military (TNI) commander Air Chief Marshal Hadi Tjahjanto’s retirement approaching, the names of two potential successor have stood out in the last few months. Politicians and observers have tipped Army Chief of Staff Gen. Andika Perk...
Data breach saga continues, data protection bill direly needed
Data breaches have continued to plunder the country’s porous cybersystem with President Joko “Jokowi” Widodo joining the list of victims. The President’s digital vaccination certificate, which includes his citizen identity number (NIK), was made publ...
Religious intolerance still rife as mob attacks Ahmadiyah mosque
A recent arson attack on a mosque belonging to Ahmadiyah Muslims in Sintang, West Kalimantan, committed by about 200 people grouped under the Islamic Congregation Alliance (AUI) on Friday, further demonstrates the state’s role in fomenting intoleranc...
BUSSINES & ECONOMICS
De-dollarization begins as Indonesia, China implement LCS
Indonesia has implemented a local currency settlement (LCS) agreement for trade and investment with its largest trading partner China, following similar steps with Malaysia, Thailand and Japan in a bid to reduce dependency on the US dollar. The LCS i...
House supports stronger SOE corporatization in new bill
House of Representatives Commission VI overseeing trade, industry, investment and state-owned enterprises (SOEs) is currently holding a public meeting on the new SOEs bill. The main objective of the new bill is to strengthening the corporatization of...
Govt cuts income tax on bond interest to attract more investment
The government has cut the income tax rate on bond interest for domestic investors to a record low of 10 percent from 15 percent to establish income tax parity between domestic and foreign investors. The new policy is expected to encourage more domes...
Govt relies on expanding PCPEN budget to boost growth
The government has pinned its hopes on expanding the budget for COVID-19 containment and national economic recovery (PEN) to support economic growth this year and prevent a possible fallout from the second wave of COVID-19 infections. The government...
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