#Government
Ma'ruf Amin may give Sharia economy a boost
President Joko "Jokowi" Widodo unexpectedly named the Indonesian Ulema Council (MUI) Chairman Ma’ruf Amin as his running mate in the 2019 presidential election. Jokowi's choice surprised the public since many had speculated that former Constitutional Court justice Mahfud MD would be his running mate. He finally picked Amin in the last minute leaders of political parties in his coalition gave their approval.
Luhut Pandjaitan's statement on KPK's caught red-handed operation sparks controversy
Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan considered the Corruption Eradication Commission (KPK)'s caught red-handed operation (OTT) has given a negative perception to the state. He said state officials were exposed to the antigraft body's caught red-handed operation because the state has not utilized the digital system to improve financial management at the regional and national levels.
Bank Indonesia raises rate to 5.5%, expects low inflation
Bank Indonesia (BI) decided to increase its benchmark 7-day reverse repurchase rate on December 22, 2022, by 25 basis points to 5.5%. The central bank also raised its deposit facility and lending facility rates by the same amount to 4.75% and 6.25%, respectively.
Government to ban bauxite ores export starting June 2023
President Joko "Jokowi" Widodo announced that Indonesia would start banning the export of bauxite ores starting June 2023 to encourage the development of bauxite processing and refining industry at home. His statement came days after Indonesia filed an expected appeal against a World Trade Organization (WTO) panel ruling that was in favor of the European Union (EU) in a dispute over the ban on nickel ore exports.
Airlangga, Sri Mulyani, Erick may become best pick for VP
As the names of Prabowo Subianto, Ganjar Pranowo and Anies Baswedan have been favorites to run as presidential candidates in the 2024 General Elections, their vice presidential candidates should have a strong background in macroeconomy.
New TNI chief should have new approach on South China Sea, Papua issues
The newly appointed Indonesian Military (TNI) Commander Adm. Yudo Margono should have a new and breakthrough concept that prioritizes the role of Indonesian Navy in the future. This is due to the heightened tension of military competition in the South China Sea between the United States and China.
Jokowi supporters push for third term in office
Several Indonesian government officials as well as President Joko "Jokowi" Widodo's supporters are still trying to push for his third term at office, although the Constitution states "The President and Vice President hold office for five years, after which they can be re-elected to the same position for one term only".
Energy transition in Indonesia needs more international supports
Indonesia has invited Scandinavian countries of Denmark, Finland, Norway and Sweden to invest in the new renewable energy sector in the country through the Indonesia-Nordic Energy Investment Day: Collaboration to Achieve Net Zero Emission Target. This is part of the Bali Compact G20 2022, where the host country sees that forging international partners is critical in the energy transition process, supports new economies and increases investment in net zero energy systems.
Soccer gambling is an undying phenomenon
The 2022 World Cup in Qatar has entered the quarterfinal stage. Brazil and France have become the most favorite team to lift up the coveted trophy. Indonesia, despite its national team has never reached the World Cup, is not an exception. The country has 69% of its 270 million population as soccer lovers, according to databoks.katadata.co.id.
Pertamina Hulu Energy, Pertamina Geothermal Energy to go public
The Ministry of State-Owned Enterprises has planned to launch an IPO for two state oil and gas giant PT Pertamina's subsidiaries, namely PT Pertamina Hulu Energy (PHE) and PT Pertamina Geothermal Energy (PGE).
Islamist group consolidates power ahead of 2024 elections
The Islamist group Brotherhood of 212 Alumni gathering has no political agenda, according to spokesman Novel Bamukmin. He argued that the purpose of the reunion was pray to God for the unity and safety of Indonesia so the nation can be spared form disasters and catastrophe.
Sweden, Indonesia sign 10 points of cooperation
Sweden and Indonesia have agreed on 10 points of cooperation during Sweden-Indonesia Sustainable Partnership (SISP) 2022.