Below is a list with tagged columns and company profiles.

Today's Headlines KPK

  • Student Demonstrations in Indonesia over Revision of the Criminal Code and “Destruction” of KPK

    Student Demonstrations in Indonesia over Revision of the Criminal Code and “Destruction” of KPK

    Quite similar to the events in Hong Kong – where protesters have been demonstrating for months to express their objection to an extradition bill that would have given more power to China (and considering protests did not stop when the Hong Kong government announced it suspended the controversial bill, the movement has morphed into something much larger) – there have been several straight days of protests in Indonesia, especially in the bigger cities on Java and Sumatra.

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  • Japan Reports Bribery Requests to Indonesia's Corruption Watchdog

    Japan Reports Bribery Requests to Indonesia's Corruption Watchdog

    While the central government of Indonesia is eager to improve the nation's investment climate, the Anti-Bribery Commission of Japan (ABCJ) reported a number of illegal charges that were requested by Indonesian government officials or civil servants from Japanese companies that operate in Indonesia. Such cases of corruption damage the attractiveness of Indonesia's investment climate.

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  • Corruption in Indonesia: DPR Chair Setya Novanto Named as Suspect

    Corruption in Indonesia: DPR Chair Setya Novanto Named as Suspect

    Setya Novanto, the Chairman of Indonesia's House of Representatives (DPR), has been named as suspect in a corruption case by the country's corruption watchdog Corruption Eradication Commission (in Indonesian: Komisi Pemberantasan Korupsi, or KPK). The case involves the large-scale procurement project for the electronic identity card or e-ID card.

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  • Governance & Corruption in Indonesia: Two Old Cases in the News

    Governance & Corruption in Indonesia: Two Old Cases in the News

    During the last couple of years of Susilo Bambang Yudhoyono (SBY)'s second cabinet (2009-2014) there erupted a number of high profile corruption cases that involved several of his ministers as well as leading figures in his Democratic Party (in Indonesian: Partai Demokrat, abbreviated as PD). As a result, the PD party dropped significantly in the 2014 parliamentary election (this loss was also caused by the inability of SBY to find a new charismatic leader for the party, while SBY himself could not participate in the 2014 presidential election as he was finishing his final presidential term).

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  • Corruption in Indonesia: Emirsyah Satar Named Bribery Case Suspect

    Corruption in Indonesia: Emirsyah Satar Named Suspect in Bribery Case

    Former Garuda Indonesia CEO Emirsyah Satar, who currently serves as Chairman of Lippo Group's MatahariMall.com, was named a suspect in a corruption case by Indonesia's anti-corruption watchdog known as the KPK (Komisi Pemberantasan Korupsi). KPK spokesman Febri Diansyah said the corruption case involves a bribery case that is linked to several parties in a number of countries. The agency will give a press conference to share more details later on Thursday (19/01).

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  • Corruption in Indonesia: Should Food Import Quotas Be Scrapped?

    Corruption in Indonesia: Should Food Import Quotas Be Scrapped?

    Indonesia's Regional Representatives Council speaker Irman Gusman will be removed from his position on Tuesday (20/09) after being named a suspect by the nation's anti-corruption watchdog (Corruption Eradication Commission, or KPK) in Indonesia's latest corruption case. Allegedly, Gusman accepted a IDR 100 million (approx. USD $7,500) bribe for lobbying to manipulate West Sumatra's sugar import quota. Earlier this year State Procurement Agency Bulog imposed the quota to a company called CVSB. It is yet another graft case related to Indonesia's import quota system for food commodities.

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  • Rice Mafia of Indonesia Active Again? Suspicious Supply-Price Fluctuation

    Rice Mafia of Indonesia Active Again? Suspicious Supply-Price Fluctuation

    Indonesian Agriculture Minister Andi Amran Sulaiman has a strong suspicion that the "rice mafia" is behind the recent fluctuations in rice supply and prices in Indonesia. Suspicion emerged after new rice supplies suddenly 'flooded' Indonesian markets in February when prices of rice had already risen due to the scarcity of supplies. Sulaiman believes there is a cartel consisting of six big Indonesian rice distributors that deliberately hid rice output after last year's harvest and waited for prices to rise significantly before supplying rice to the markets in order to see higher profits.

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  • Indonesian Stocks & Rupiah Update: Impact of ECB Quantitative Easing

    Indonesian Stocks & Rupiah Update: Impact of ECB Quantitative Easing

    The European Central Bank’s decision to introduce a 60 million euro per month bond-buying program (quantitative easing) up to September 2016 - a move to boost the Eurozone economy - has caused positive sentiments in Indonesia as increased global liquidity is expected to benefit emerging markets. The benchmark stock index of Indonesia rose 1.35 percent hence hitting a new all-time high at 5,323.88 points. Meanwhile, the rupiah appreciated 0.23 percent to IDR 12,459 per US dollar based on the Bloomberg Dollar Index.

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  • New Cabinet of Indonesia (2014-2019): Meet Joko Widodo’s Ministers

    After a week of speculation, Indonesian President Joko Widodo presented the composition of his working cabinet on Sunday afternoon (26/10). The final composition took some time as 8 of Widodo’s ministerial candidates failed to pass the screening of the country’s Corruption Eradication Commission (KPK) and the Financial Transaction Reports and Analysis Center (PPATK). Although Widodo was not forced to have his candidates screened by these two institutions, he wanted to make sure that they have clean records in terms of corruption.

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  • Cabinet Joko Widodo: Market Waiting for Indonesia’s Ministerial Candidates

    The market is eagerly awaiting the names of the ministers inside the cabinet of President Joko Widodo (Jokowi). However, the market needs to be a bit more patient as there has been a problem with the initial list that was submitted by Jokowi to the Corruption Eradication Commission (KPK) and the Financial Transaction Reports and Analysis Center (PPATK). Reportedly, 30 percent of the ministerial candidates mentioned on the list did not pass the screening of the KPK due to (perceived) corrupt behaviour or troubled financial records.

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Latest Columns KPK

  • 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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  • 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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  • Rupiah Exchange Rate Indonesia Update: Why the Currency Gained Today

    Positive macroeconomic data of Indonesia - involving the significantly lower trade deficit in 2014 and easing inflation - had a good impact on the Indonesia rupiah exchange rate on Tuesday (03/02) although prior to closing the currency somewhat slid after Australia's central bank cut its interest rates causing speculation of further policy easing around the Asia Pacific region in a move to support sluggish growth and avert deflation. Most emerging Asian currencies strengthened on Tuesday against the US dollar on stronger risk appetite.

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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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  • Market’s Lukewarm Reception of Joko Widodo’s ‘Kabinet Kerja Indonesia’

    The market showed today (27/10) that the composition of Indonesian President Joko Widodo’s cabinet did not live up to expectations. On Sunday afternoon, Widodo had announced the names of the ministers inside his Working Cabinet (Kabinet Kerja) after having delayed the announcement for almost a week as several of his ministerial candidates needed to be replaced having been red flagged by the country’s Corruption Eradication Commission (KPK). This then heightened expectations that Widodo’s cabinet would constitute a ‘dream team’.

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  • Corruption in Indonesia: Rudi Rubiandini Guilty of Receiving Bribes

    Corruption in Indonesia: Rudi Rubiandini Found Guilty of Receiving Bribes

    On Tuesday (29/04), Jakarta's Anti-Corruption Court sentenced Rudi Rubiandini, former Head of Indonesia's oil & gas regulator SKK Migas, to seven years in prison for money laundering and accepting bribes from Singapore-based Kernel Oil Pte Ltd and Indonesia-based Kaltim Parna Industri. These bribes were given in exchange for securing a win in an oil tender. In addition, Rubiandini was imposed a fine of IDR 200 million (or another three months in prison). Rubiandini was reported to not file an appeal to the court's verdict.

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