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Berita Hari Ini Corruption

  • Investors Awaiting Indonesian Election Result: Latest Political Developments

    Investors Waiting for Indonesian Election Result: Latest Political Developments

    Although investors in Indonesian stocks received positive news from the USA after Federal Reserve Head Janet Yellen stated on Tuesday (15/07) that the US economic recovery remains incomplete therefore justifying the continuation of a loose monetary policy for the foreseeable future as well as solid economic expansion of 7.5 percent (yoy) in China during the second quarter of 2014, the domestic political context in Southeast Asia’s largest economy remains a concern. What are the latest political developments in Indonesia?

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  • After Unofficial Jokowi Win, Euphoria on Indonesian Markets Starts to Wane

    After a trading week that was characterized by high gains in the stock and financial markets on optimism that Joko Widodo (Jokowi) will become the next president of Indonesia, both the Indonesian rupiah exchange rate and benchmark Jakarta Composite Index fell today (11/07). This seems an obvious sign that the euphoria about a Jokowi win has waned and investors are looking again to the true economic fundamentals of Southeast Asia’s largest economy. By 13:00 pm local Jakarta time, the Jakarta Composite Index had fallen 1.66 percent.

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  • Indonesia Investments' Newsletter of 6 July 2014 Released

    On 06 July 2014, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve political and economic topics such as the presidential election, a rupiah and stock market update, an analysis of inflation and the trade balance, corruption, poverty, GDP growth, prospects of the copper price, and more.

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  • Corruption in Indonesia: Constitutional Court Chief Akil Mochtar Found Guilty

    Late on Monday evening (30/06), Indonesia’s Jakarta Anti-Corruption Court sentenced former Chief Justice of the country's Constitutional Court (Mahkamah Konstitusi) Akil Mochtar to life imprisonment as he was found guilty of corruption as well as money laundering. Mochtar was arrested in October 2013 by the Corruption Eradication Commission (KPK) after investigators had been tapping his telephone. This corruption case is another blow for the reputation of Southeast Asia’s largest economy.

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  • Prabowo Subianto: Dictatorship, Nazi-Video & International Relations

    In the past week, commotion occurred in Indonesia related to the presidential election (which is scheduled for 9 July 2014). This commotion, which involved two 2001 interviews by award-winning American journalist Allan Nairn, a Nazi video, and US ambassador Robert O. Blake Jr, was related to controversial presidential candidate Prabowo Subianto, former army general and former son-in-law to Indonesia’s second president Suharto. The 2014 election has become a tight race between Subianto and market favourite Joko ‘Jokowi’ Widodo.

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  • Corporate Corruption in Indonesia: the Case of Cipaganti Karya Guna Persada

    The director of Indonesian publicly listed company Cipaganti Citra Graha, Andianto Setiabudi, together with chairwoman Julia Sri Redjeki and commissioner Yulinda Tjendrawati have been named suspects in a new embezzlement case by the West Java police. The three people are accused of embezzling funds and equity from the Cipaganti Karya Guna Persada cooperative. More than 8,700 people had invested a minimum amount of IDR 100 million (USD $8,333) in the cooperative’s profit sharing program (for a return of 1.5 percent per month).

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  • Weak Governance in Indonesian Mining Sector: Overlapping Mining Areas

    R. Sukhyar, Director of Mineral and Coal at the Indonesian Energy and Mineral Resources Ministry said that 184 mining business licenses (Indonesian: Izin Usaha Pertambangan, or IUP), needed for exploration and mining activities, have been revoked this June because of overlapping mining areas and illegal administration. The revoked permits concerned mining areas in Jambi (99 revoked licenses), South Sumatra (83), and South Sulawesi (2). This case is another illustration of weak governance in Southeast Asia’s largest economy.

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  • Foreign Investors Sell Indonesian Assets if Prabowo Subianto is Elected

    A survey of the Deutsche Bank, one of the world's leading financial service providers, showed that the foreign business community will not be content if Prabowo Subianto takes over the presidential seat from incumbent president Susilo Bambang Yudhoyono. According to this survey, 56 percent of respondents are planning to sell Indonesian assets if the electorate chooses Subianto as next president in the election that is scheduled for 9 July 2014. About 13 percent answered to buy Indonesian assets in the same scenario.

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  • Indonesia Investments' Newsletter of 8 June 2014 Released

    On 8 June 2014, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve economic topics such as an analysis of the April 2014 trade balance and May 2014 inflation, the 2009 Mining Law, energy subsidies, palm oil export, foreign exchange reserves, Link Net’s IPO, and more.

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  • Yudhoyono Appoints Lukman Saifuddin as New Religious Affairs Minister

    Indonesian President Susilo Bambang Yudhoyono, who will end his second term as president in October 2014, is expected to appoint Lukman Saifuddin as the new Minister of Religious Affairs on Monday (09/06) or Tuesday (10/06) next week. The position of Religious Affairs minister has been vacant since Suryadharma Ali stepped down from his post in late May 2014 to focus on his defense after being named a suspect (by the country’s Corruption Eradication Commission, KPK) in the hajj pilgrimage fund-corruption case.

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Artikel Terbaru Corruption

  • The Role of State-Owned Enterprises in the Indonesian Economy

    The Role of State-Owned Enterprises in the Indonesian Economy

    One characteristic of the Indonesian economy is that the state-owned enterprises (SOEs) play an important role in this USD $1.0 trillion economy. They not only play an important role because some of them rank among Indonesia’s biggest companies (in terms of profit, sales and assets), thereby generating plenty of money for the government (in the form of tax revenue or dividend) while at the same time creating jobs for millions of Indonesians.

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  • Corruption & Property: Where Did it Go Wrong for the Meikarta Project?

    Corruption & Property: Where Did it Go Wrong for the Meikarta Project?

    Those consumers and investors who purchased one or more apartment units in the Meikarta megacity project in Bekasi (West Java) are currently facing uncertain times. A new corruption scandal has put the future of the Meikarta project in jeopardy and therefore those who have already bought a Meikarta apartment fear that their money and apartment unit is lost. Those who are still making monthly mortgage payments to the bank, are confused whether they need to continue these payments (hence risking losing more money) or stop the monthly payment.

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  • Rise of Indonesia in Corruption Perceptions Index Stagnates

    Rise of Indonesia in Corruption Perceptions Index Stagnates

    Although Indonesia's score was unchanged, the nation's ranking fell in the latest Corruption Perceptions Index, compiled by Berlin-based Transparency International. In the 2017 edition, Southeast Asia's largest economy Indonesia ranks 96th, down from 90th in last year's edition. The index, which ranks 180 countries and territories by their perceived levels of public sector corruption (based on input from experts and businessmen), uses a scale from 0.0 (highly corrupt) to 1.0 (very clean).

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  • Corruption in Indonesia: DPR the Most Corrupt Government Institution

    Corruption in Indonesia: DPR the Most Corrupt Government Institution

    The latest survey of Berlin-based Transparency International confirms that Indonesia's House of Representatives (DPR) is perceived - among Indonesians - as the most corrupt institution in the country. This outcome is no surprise because the DPR, the elected national legislative assembly that draws up and passes laws and budgets as well as monitors the performance of the government, has for long been perceived by the Indonesian people as the most corrupt institution within the country.

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  • Emirsyah Satar, Soetikno Soedardjo Named in Rolls Royce Scandal

    Emirsyah Satar, Soetikno Soedardjo Named in Rolls Royce Scandal

    After Emirsyah Satar, Indonesia's Corruption Eradication Commission (KPK) has also named Soetikno Soedardjo a suspect in the same multinational bribery case. On Thursday (19/01) it became breaking headline news in Indonesia when the KPK announced that former Garuda Indonesia Chief Executive (2005-2014) Emirsyah Satar was named suspect of received a bribe in the procurement (by Garuda Indonesia) of aircraft and aircraft engines from Airbus and Rolls-Royce. Satar currently servers as Chairman of Indonesian conglomerate Lippo Group's e-commerce platform MatahariMall.com.

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  • Corruption in Indonesia: Agung Podomoro Land Bribery Case

    Corruption in Indonesia: Agung Podomoro Land Bribery Case

    Indonesia's Corruption Eradication Commission (abbreviated KPK) is satisfied with the decision of the Jakarta Corruption Court (Tipikor) to sentence Ariesman Widjaja, former General Director of Agung Podomoro Land, to three years in prison and IDR 200 million (approx. USD $15,300) in fines (or three additional months inmprisonment). Although prosecutors demanded a four year prison sentence and IDR 250 million in fines, the decision of the court is acceptable according to Indonesia's anti-corruption watchdog.

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  • Corruption in Indonesia: Agung Podomoro Land & Pluit City

    Corruption in Indonesia: Agung Podomoro Land & Pluit City

    One of Indonesia's largest listed property developers - Agung Podomoro Land - saw its shares plunge 10 percent on Monday (04/04) after the Corruption Eradication Commission (KPK), the country's anti-graft agency, named the company's President Director Ariesman Widjaja a suspect in a bribery case that also involves a Jakarta legislator. Allegedly, Muhammad Sanusi, legislator of the Jakarta provincial assembly and member of Prabowo Subianto's Great Indonesia Party (Gerindra), accepted money in exchange for support related to the Pluit City project.

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  • Overlapping Land Conflicts & Troubled Mining Business Licenses in Indonesia

    Overlapping Land Conflicts & Troubled Mining Business Licenses in Indonesia

    West Kalimantan, South Sulawesi and South Kalimantan are the three Indonesian provinces that scored the worst in the Local Government Performance Index (in Indonesian: Indeks Kinerja Pemerintah Daerah, or IKPD). This index, compiled by Indonesia's Corruption Eradication Commission (KPK), measures the degree of coordination and supervision within Indonesian provinces regarding policies and actions related to the prevention of corruption in the mining and energy sectors. The provinces that have the highest scores are Central Sulawesi and the Riau Islands.

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  • Corruption in Indonesia: Prosecutors Seek 9 Years' Prison for Jero Wacik

    Corruption in Indonesia: Prosecutors Seek 9 Years' Prison for Jero Wacik

    Jero Wacik, Indonesia's former Minister of Energy and Mineral Resources (2011-2014) and Minister of Culture and Tourism (2004-2011), could face nine years in prison, a fine of IDR 350 million and may have to pay compensation up to IDR 18.8 billion to the government. These are the demands expressed by prosecutor Dody Sukmono at the Jakarta Corruption Court (Tipikor) on Thursday (21/01). Wacik is being accused of mishandling ministerial funds and extortion by the country’s Corruption Eradication Commission (KPK).

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