Sri Mulyani wins ABLF Statesperson AwardFriday, 08 Nov 2019
The past week has seen discussions over the discovery of budget irregularities in Jakarta's 2020 draft budget priorities and ceiling (KUA-PPAS). Upon further inspection of the draft, it has been found that more items, ranging from office supplies to sports equipment, have also been allocated unusual budgets.
Following the Indonesian Solidarity Party’s (PSI) William Aditya Sarana’s claim that the draft contained a budget allocation of Rp 82.2 billion (US$ 5.9 million) for Aibon glue, the Indonesian Forum for Budget Transparency (FITRA) found that the total budget for Aibon glue actually totaled Rp 126.2 billion (US$9 million) across all regional working unites (SKPD).
Furthermore, the Indonesian Budget Center (IBC) found a budget proposal for Rp 390 million (US$28,000) to pay the governor's speechwriters. The proposal was made by the Jakarta Regional Head and Foreign Cooperation Bureau to pay six people over a 12-month period.
Gerindra nominates Jakarta deputy governor candidates, PKS frowns
The Gerindra Party and the Prosperous Justice Party (PKS), which were once part of the same coalition that supported Prabowo Subianto's presidential bid, previously nominated two PKS cadres, Agung Yulianto and Ahmad Syaikhu, to fill the vacant Jakarta deputy governor post.
However, the Gerindra Party’s Jakarta regional board (DPW) chairman, M Taufik, claimed his party had proposed four new candidates for the position as the previous candidates had not been processed for over a year.
PKS faction head Mohammad Arifin said Gerindra’s proposal had yet to reach his party. "We want Gerindra to respectfully uphold their end of the agreement with the PKS," Arifin said.
Direct regional elections impede democracy: PDI-P
CNN Indonesia (https://tinyurl.com/y6359sp9)
The Indonesian Democratic Party of Struggle (PDI-P) has voiced similar opinion to that of Home Minister Tito Karnavian regarding the need to review and evaluate the implementation of direct regional elections.
"So far, direct regional elections have not only been costly but have also led to the emergence of new oligarchs. Those who have access to capital and media can utilize them to get elected," said PDI-P secretary-general Hasto Kristiyanto.
Hasto also revealed that the PDI-P had developed a strategy that could perfect Indonesia’s democracy based on Pancasila. He explained that the shortcomings posed by direct elections could be avoided by implementing a merit system based on psychological testing, written tests and interviews in the election of party leaders at the regional level.
"Political practices, parties and elections need to function in accordance with the democracy of Pancasila. This includes the important elements of representation, gotong royong [mutual cooperation] and deliberation," Hasto added.
Antam gold price falls following promising US-China trade negotiations
CNBC Indonesia, https://tinyurl.com/y5rhhmaj; Kontan,https://tinyurl.com/
PT Aneka Tambang's reference gold price fell 0.71 percent on Thursday, from Rp 701,000 per gram (US$49.98) to Rp 696,000, below the psychological level of Rp 700,000. Global gold prices are currently heading for the biggest weekly decline in 2.5 years, following growing optimism over the prospect of a US-China trade deal. Optimistic investors have shown a willingness to take more risks and have begun to abandon safe assets, such as gold.
Sri Mulyani wins ABLF Statesperson Award
Finance Minister Sri Mulyani Indrawati won a Statesperson Award at the 2019 Asian Business Leadership Forum (ABLF) in Dubai, the United Arab Emirates. The award was presented by UAE Tolerance Minister Sheikh NahayanMabarak Al Nahayan. Sri Mulyani was presented the award for her success in employing a fiscal policy that stabilized the Indonesian economy despite global economic turbulences.
BKPM cannot prohibit Chinese investment: Chairman
CNBC Indonesia, https://tinyurl.com/y2qc96eg
House of Representatives Commission VI held a discussion with the Investment Coordinating Board (BKPM), State-Owned Enterprises Ministry and the Cooperatives and Small and Medium Enterprises Ministry on foreign investment on Thursday. Commission VI member Andre Rosiade advised the BKPM to be more selective in accepting foreign investment, especially from China as he claimed it often resulted in Chinese workers being employed instead of Indonesians. BKPM head Bahlil Lahadalia said that although it was true that foreign investment should benefit Indonesia through employment opportunities for locals, the BKPM could not prohibit foreign countries from investing in the country as long as they followed the law. President Joko Widodo on a separate occasion expresses disappointment over Indonesia's failure to attract Chinese investment. Out of 33 Chinese companies that moved their operations to Southeast Asia, none relocated to Indonesia.
WhatsApp launches shopping catalog for users
CNBC Indonesia, https://tinyurl.com/y5qt4umy
WhatsApp launched this morning a new feature: a shopping catalog that can be used on WhatsApp Business. Online stores are now able to display their merchandise on WhatsApp, while potential customers can easily browse and find items on the app. For the time being, the catalog can only be accessed through WhatsApp Business, downloadable on Android and iPhone in selected regions, specifically Brazil, Germany, India, Indonesia, Mexico and the United States.