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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

  • 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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  • Corruption in Indonesia: Suryadharma Ali Found Guilty by Jakarta Corruption Court

    Corruption in Indonesia: Suryadharma Ali Found Guilty

    Former Indonesian Religious Affairs Minister Suryadharma Ali (who was also Chairman of the Islamic political party PPP) was sentenced to six years in jail and a fine of IDR 300 million (or three additional months in prison) by the Jakarta Corruption Court (Tipikor) on Monday (11/01). Suryadharma was found guilty of self-enrichment by deliberately mishandling state funds that were allocated to the hajj pilgrimage program covering the financial years 2010-2013.

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  • Banking Sector Indonesia: OJK Needs More People to Combat Fraud

    Banking Sector Indonesia: OJK Needs More People to Combat Fraud

    Indonesia's Financial Services Authority (OJK), the central government's agency that regulates and supervises Indonesia's financial services sector, needs to hire hundreds of new staff in order to safeguard monitoring of the nation's banking sector and to enhance its early warning system in order to detect possible corruption cases. As up to 350 OJK workers are expected to return to the central bank per 1 January 2017, good monitoring of the banking sector is in jeopardy.

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  • Kebakaran Hutan & Kabut Asap: Kaitan Antara Pemilihan Umum Di Daerah dan Kebakaran

    Kebakaran Hutan & Kabut Asap: Kaitan Antara Pemilihan Umum Di Daerah dan Kebakaran

    Dengan kebakaran hutan yang masih membara di wilayah-wilayah pulau Sumatra dan Kalimantan, merusak lingkungan hidup tropis, sementara kabut asap beracun masih menyebar ke wilayah-wilayah lain di Asia Tenggara, menyebabkan kira-kira 500.000 kasus infeksi saluran pernapasan dan juga 19 kematian, bencana yang masih berlangsung ini telah diklasifikasikan sebagai kejahatan atas kemanusiaan. Sebuah laporan penelitian baru dan menarik, diterbitkan oleh Dr. Herry Purnomo (ilmuwan dari Center for International Forestry Research yang bermarkas di Bogor), menunjukkan hubungan antara pemilihan umum di daerah dan kebakaran hutan di Indonesia.

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  • Arbitration (BANI) vs. Courts in Indonesia

    The general rules of arbitration are set by Indonesian Law number 30 of 1999 on Arbitration and Alternative Dispute Resolutions (Alternative Dispute Resolution Law). The implementing provisions are regulated by national arbitration centers. The most famous center in Indonesia is BANI (Badan Arbitrase Nasional Indonesia). The implementing provisions of these centers may not violate the provisions of the Alternative Dispute Resolution Law, but can provide requirements in addition to the general rules. Besides national arbitration, the Alternative Dispute Resolution Law also regulates the recognition of foreign arbitration decisions (awards) in Indonesia.

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  • Indonesia Improves Slightly in the Corruption Perceptions Index 2014

    Berlin-based Transparency International released the 2014 edition of its Corruption Perceptions Index (CPI) earlier this week. In the new edition Indonesia was ranked 107th (out a total of 175 countries), up from 114th in the previous edition. As such, Indonesia continues to improve gradually through the ranks of the index. However, with a score of 34 (out of a possible - and perfect - score of 100) the country still lags behind its regional peers such as Singapore (84), Malaysia (52) and the Philippines (38).

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  • Joko Widodo’s Mission to Enhance Tax Collection in Indonesia

    Joko Widodo’s Mission to Enhance Tax Collection in Indonesia

    One strategy of Indonesian President Joko Widodo to generate more state revenues in order to enhance investments in social and economic development of Indonesia is by improving the country’s tax collection system. As the middle class as well as number of companies that are active in Indonesia has risen rapidly in recent years, it is disappointing that tax collection targets are rarely met in Southeast Asia’s largest economy: tax compliance is low, while corruption among civil servants (tax collectors) remains a structural problem.

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  • Ease of Doing Business in Indonesia: Slight Improvement Detected

    Ease of Doing Business in Indonesia: Slight Improvement Detected

    President Joko Widodo’s unexpected visit to the Indonesia Investment Coordinating Board (BKPM) on Tuesday (28/10) signals that the new president of Indonesia is serious about wiping out severe bureaucracy that causes time-consuming and difficult procedures to obtain permits, licenses and certificates in a bid to ease doing business in Indonesia for both foreign and domestic investors. Joko Widodo, popularly known as Jokowi, is eager to tackle the country’s ‘red-tape’ problem as it curtails the pace of economic growth in Indonesia.

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  • Prabowo Subianto Coalition Accepts Indonesia’s Constitutional Court Verdict

    It took almost six hours for the Constitutional Court of Indonesia (Mahkamah Konstitusi) on Thursday (21/08) to read out 300 pages of a lengthy 4,392-page verdict in the case filed by defeated presidential candidate Prabowo Subianto, who claimed that the result of Indonesia’s July 2014 presidential election was invalid due to widespread violations and fraud that allegedly occurred during the voting and counting processes. During the read out it became increasingly clear that the court would reject Subianto’s claims due to a lack of evidence.

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  • Constitutional Court Ruling: Prabowo Subianto Not Expected to Accept Defeat

    Constitutional Court Ruling: Prabowo Subianto Not Expected to Accept Defeat

    At 14:00 pm local Jakarta time zone, Indonesia’s Constitutional Court (Mahkamah Konstitusi) is expected to announce its decision on Prabowo Subianto’s election result challenge. The defeated presidential candidate filed a court case claiming that massive fraud and violations took place amid the voting and counting processes in the context of Indonesia’s July 2014 presidential election, won by Joko Widodo (securing 53.15 percent of the votes). Although the court’s decision is final and legally binding, Subianto not expected to surrender yet.

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