Below is a list with tagged columns and company profiles.

Today's Headlines Corruption

  • Indonesia Investments' Newsletter of 7 September 2014 Released

    On 7 September 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 Indonesia’s fuel subsidies, August inflation, July trade balance, the conflict between the government and Nusa Tenggara Newmont, Jero Wacik’s possible involvement in a corruption case, and more.

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  • Indonesia Jumps 4 Places in Global Competitiveness Index 2014-2015

    Indonesia has jumped four places in the World Economic Forum’s Global Competitiveness Index 2014-2015. In the latest edition Southeast Asia’s largest economy is ranked 34th (from 38th in last year’s edition of the index). Since the 2012-2013 edition, when Indonesia was ranked 50th, the country has risen steadily. The Global Competitiveness Index measures the institutions, policies, as well as factors that set the sustainable current and medium-term levels of economic prosperity among 144 countries around the world.

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  • Corruption in Indonesia: Minister Jero Wacik Named Suspect in Graft Case

    Corruption in Indonesia: Minister Jero Wacik Named Suspect in Graft Case

    Indonesian Energy and Mineral Resources Minister Jero Wacik has been named a suspect in a corruption case by the country’s Corruption Eradication Commission (KPK). Allegedly, Jero Wacik was involved in the case that led to a seven-year prison sentence for former Head of Indonesia's oil & gas regulator SKKMigas Rudi Rubiandini (for money laundering as well as accepting bribes from Singapore-based Kernel Oil Pte Ltd and Indonesia-based Kaltim Parna Industri in return for awarding a lucrative tender to sell oil).

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  • Indonesian Constitutional Court Rejects Prabowo Subianto’s Election Challenge

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

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  • Ruling in Prabowo Subianto’s Court Case Expected on Thursday

    The security status in Jakarta has been raised one day ahead of the ruling of Indonesia’s Constitutional Court (Mahkamah Konstitusi) on Thursday (21/08) as the Jakarta administration anticipates public protests. The Constitutional Court will decide on defeated presidential candidate Prabowo Subianto’s claims that the election result of Indonesia’s July presidential election was influenced by massive fraud and violations (in both the voting and counting process). According to the official result Joko Widodo won with 53.15 percent of the votes.

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  • Indonesia Presidential Election Case: Prabowo Subianto’s Legal Challenge

    Today (06/08), the first session of defeated presidential candidate Prabowo Subianto’s legal challenge started. Based on data from the General Elections Commission (KPU), Indonesia’s July 2014 presidential election was won by Joko Widodo (Jokowi) with 53.15 percent to 46.85 percent of the votes. However, Subianto claims that the KPU’s outcome was influenced by fraud and other violations, leading to 50 million troubled votes in more than 200,000 Indonesian polling stations, and therefore challenges the result at the Constitutional Court.

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  • Tax in Indonesia: Indonesian Tax-to-GDP Ratio and Tax Compliance Still Low

    The structure of tax revenue in Indonesia has not changed in the past decade resulting in the country’s still low tax-to-GDP ratio of between 12 and 13 percent. Emerging countries such as Indonesia typically have a low tax-to-GDP ratio as the government’s financial management is inadequate (and plagued by corruption). However, it is important for Indonesia to raise this ratio in order to have more funds available to finance the budget deficit, infrastructure development, healthcare, education and other social programs to combat poverty.

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  • Prabowo Subianto Rejects Election Result; Stocks and Rupiah Weaken

    The performance of the Indonesian rupiah exchange rate and stocks has been impacted by defeated presidential candidate Prabowo Subianto’s withdrawal from the General Elections Commission’s electoral process on Tuesday (22/07). Although the Commission (KPU) has not publicly announced the outcome of the 2014 presidential election yet, Subianto’s response is a clear sign that rival Joko Widodo - as expected - has won the election. Subianto claims that the KPU is corrupt and will challenge the outcome in the Constitutional Court.

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  • Indonesia Investments' Newsletter of 20 July 2014 Released

    On 20 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, the influence of the Malaysia Airlines crash, two high profile corruption cases, coal mining, an update on July inflation, and more.

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  • Susilo Bambang Yudhoyono, Prabowo Subianto & Joko Widodo Will Meet

    Susilo Bambang Yudhoyono, Prabowo Subianto & Jokowi Will Meet

    Indonesian president Susilo Bambang Yudhoyono, who will end his second and final five-year term in October 2014, announced to meet both presidential candidates (Prabowo Subianto and Joko Widodo) in the country’s State Palace on Sunday (20/07). In this meeting, president Yudhoyono will emphasize the importance of a peaceful and orderly transition to the next government. Currently, it remains unknown who of the two candidates won the presidential election (held on 9 July 2014). Due to the tight race, chances of social unrest increase.

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Latest Columns 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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