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Today's Headlines Politics

  • Indonesia Stock Exchange Closed, Central Bank Operations Limited

    Indonesia Stock Exchange Closed, Central Bank Operations Limited

    The Indonesia Stock Exchange (IDX) decided to keep its doors closed on Wednesday (19/04) as the people of Jakarta will vote in the second (and final) round of the Jakarta gubernatorial election. Earlier, Indonesian President Joko Widodo had already declared Wednesday 19 April 2017 a public holiday for the citizens in Indonesia's capital city of Jakarta. Meanwhile, Bank Indonesia stated that it will keep operations at a minimum on voting day.

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  • Politics in Indonesia: New Anti-Ahok Rally on Tuesday

    Politics in Indonesia: New Anti-Ahok Rally on Tuesday

    A new rally, organized by the Indonesian Muslim Forum (FUI), will be staged on Tuesday (21/02) in front of Jakarta's national legislative complex on Jalan Gatot Subroto in Senayan (South Jakarta). An estimated 10,000 protesters will urge authorities (in this so-called "212 rally") to suspend Jakarta Governor Basuki Tjahaja Purnama (Ahok). Ahok is currently on trial for blasphemy based on a manipulated video that surfaced on social media last year.

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  • Ahok Wins 1st Round Jakarta Election, but What Are His Chances in 2nd Round?

    Ahok Wins 1st Round Jakarta Election, but What Are His Chances in 2nd Round?

    Although all quick count results show that the Basuki "Ahok" Tjahaja Purnama - Djarot Saiful Hidayat pair won the first round of Jakarta's 2017 gubernatorial election, the Anies Baswedan - Sandiaga Uno pair may feel like the moral winner of this election as there is only a small margin (less than four percent) between both pairs. The winner of the second round, ergo winner of the election, will thus be determined by those who voted on the Agus Harimurti Yudhoyono - Sylviana Murni pair in the first round (this pair cannot participate in the second round).

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  • Live Update Jakarta Gubernatorial Election: Quick Count Results

    Live Update Jakarta Gubernatorial Election: Quick Count Results

    Starting from 7:00 am local Jakarta time on Wednesday (15/02), the capital city of Indonesia is voting for their next governor. There are more than 13,000 polling places spread across Jakarta to accommodate the 7.1 million eligible voters. Although actually in more than 100 provinces, cities and districts the regional heads are being elected today, most attention goes to Jakarta where ethnic and religious tensions are high due to the participation of incumbent Jakarta Governor Basuki Tjahaja Purnama (better known as Ahok), a Christian, ethnic Chinese politician who is being prosecuted for blasphemy.

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  • Indonesia to Replace Oil Recovery Scheme by Gross Profit Sharing

    Indonesia to Replace Oil Recovery Scheme by Gross Profit Sharing

    Indonesia's Energy and Mineral Resources Ministry targets to replace the cost recovery scheme in the oil and gas industry in January 2017. Instead, the government would use contracts with a gross profit sharing mechanism. The new scheme would simplify procedures (making the investment climate more attractive) while Indonesia "continues to prioritize the interests of the nation and optimize the use of local resources and labor", Deputy Energy Minister Arcandra Tahar said. The proposed changes will not affect existing contracts between contractors and the Indonesian government.

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  • Business Environment in Indonesia Needs Political Stability

    Business Environment in Indonesia Needs Political Stability

    The business environment in Indonesia needs political stability as well as a conducive investment climate to grow. However, if there exists a high degree of social unrest then the central government can offer as many incentives as it wants but entrepreneurs will be hesitant to engage in investment and business expansion. Currently, there is quite some unrest in the capital city of Jakarta. Ever since a manipulated video of Jakarta Governor Basuki Cahaya Purnama (Ahok) surfaced in which he allegedly insulted Islam, there has been outrage among Islamic hardliners. This brings economic costs.

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  • Interview with Indonesia's Vice President Jusuf Kalla

    Interview with Indonesia's Vice President Jusuf Kalla

    Indonesian newspaper Bisnis Indonesia printed an interesting interview with Vice President Jusuf Kalla on Wednesday (19/10). Kalla is one of the few political veterans of Indonesia, having been born during the Japanese occupancy of the Dutch East Indies, before Indonesia existed. He was VP under Susilo Bambang Yudhoyono (2004-2009), leader of Golkar, Coordinating Minister for People's Welfare (2001-2004), and Minister of Trade & Industry (1999-2000). Before he became fully committed to politics he developed a successful business empire.

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  • Indonesia Investments' Newsletter of 16 October 2016 Released

    Indonesia Investments' Newsletter of 16 October 2016 Released

    On 16 October 2016, 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 over the last seven days. Most of the topics involve economy and political-related topics such as the new Energy minister, GDP growth, credit ratings, the food and modern retail sectors, property prices for foreign buyers, cement sales, coal price, car sales, and more.

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  • Remarkable: Indonesian Energy Minister Dismissed over US Citizenship

    Remarkable: Indonesian Energy Minister Dismissed over US Citizenship

    Indonesian Energy and Mineral Resource Minister Arcandra Tahar was dismissed (honorably) from his post by President Joko Widodo on Monday (15/08) after reports surfaced that indicated Tahar holds American citizenship. Indonesian law does not recognize dual citizenship (except for persons under the age of 18 years). Tahar had only just been appointed the country's Energy Minister in a cabinet reshuffle that took place on 27 July 2016 (Tahar replaced Sudirman Said). State Secretary Pratikno announced the Tahar's dismissal in the late hours on Monday.

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  • Update Cabinet Reshuffle Indonesia: Who Are the New Ministers?

    Update Cabinet Reshuffle Indonesia: Who Are the New Ministers?

    On Wednesday (27/07) Indonesian President Joko "Jokowi" Widodo confirmed that he has reshuffled his cabinet, a move aimed at enhancing the effectiveness of his cabinet. Widodo also announced the names of the new ministers. Two names are very interesting: (1) Sri Mulyani Indrawati, who was Indonesia's finance minister between 2005 and 2010, and (2) retired army general Wiranto, who played a key role in handling security issues during the transition from Suharto's New Order to the Reformation era. However, his name is linked to human rights violations.

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Latest Columns Politics

  • Indonesia's Energy Subsidy Spending Far Above Target in 2018

    Indonesia's Energy Subsidy Spending Far Above Target in 2018

    Ahead of the legislative and presidential elections (scheduled for April 2019) the Indonesian government is unwilling to impose impopular measures. One of the side-effects is that subsidy spending has gone beyond the target that was set in the 2018 State Budget. Lets take a closer look at spending on energy subsidies in Indonesia so far this year.

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  • CEOs’ Perceptions of the National Economy and Politics Improves in Q4-2018

    CEOs’ Perceptions of the National Economy and Politics Improves in Q4-2018

    It are challenging times for businessmen and investors in Indonesia. An escalating trade war between the United States and China is felt by emerging markets including Indonesia. For example, the rupiah has weakened to a 20-year low against the US dollar. Meanwhile, Indonesia's legislative and presidential elections are scheduled for April 2019 and the results can have big consequences for the country's investment climate.

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  • Road to the 2019 Presidential Election; Visions and Missions

    Road to the 2019 Presidential Election; Visions and Missions

    On 23 September 2018 the campaign period officially started for Indonesia’s 2019 presidential election. This period runs up to 13 April 2019 (while the election is scheduled for 17 April 2019). Despite the start of the campaign period it has remained rather calm between the two opposing sides: (1) incumbent President Joko Widodo with Islamic clerk Ma’ruf Amin versus (2) Gerindra Chairman Prabowo Subianto with businessman Sandiaga Uno.

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  • Jakarta Administration Revokes Principle Permits Reclaimed Islands

    Jakarta Administration Revokes Principle Permits Reclaimed Islands

    The local Jakarta administration has officially revoked principle permits for the development of 13 artificial islands (reclaimed islands) in the bay of Indonesia's capital city of Jakarta. For now, the decision means a complete stop to all activities related to the ambitious land reclamation project north of Jakarta.

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  • Road to the 2019 Elections: Widodo Picks Islamic Scholar, Subianto Picks Businessman

    Road to the 2019 Elections: Widodo Picks Islamic Scholar, Subianto Picks Businessman as Running Mate

    It is finally clear which pairs will compete in Indonesia’s 2019 presidential election. On Saturday August 10th, 2018 (only hours before the deadline ended), political parties officially registered their presidential and vice-presidential candidates at the General Elections Commission (in Indonesian: Komisi Pemilihan Umum, or KPU). As was widely assumed, only two pairs will compete in the 2019 presidential election. Thus, there are also two coalitions of political parties.

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  • 2019 Presidential Election Indonesia: Widodo-Amin vs Subianto-Uno

    2019 Presidential Election Indonesia: Widodo-Amin vs Subianto-Uno

    It was a very exciting afternoon and evening on Friday (09 August 2018), especially for those who follow contemporary Indonesian politics as well as those who love sinetron (Indonesian soap operas) since there occurred plenty of drama. At the end of the day it became clear that two pairs (consisting of a presidential and vice-presidential candidate) will compete in the 2019 presidential election: (1) Joko Widodo and Ma'ruf Amin versus (2) Prabowo Subianto and Sandiaga Uno.

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  • Economy of Indonesia is Facing Several Big Challenges

    Economy of Indonesia is Facing Several Big Challenges

    There are doubts whether Indonesia's gross domestic product (GDP) growth can reach 5.2 percent year-on-year (y/y) in full-year 2018 as Indonesia is experiencing a couple of major challenges. Challenges include the global trade war, the fragile rupiah, Bank Indonesia's higher benchmark interest rate, the current account deficit, and political tensions ahead of the 2019 legislative and presidential elections. Currently, Indonesia Investments' forecast for Indonesia's economic growth is set at 5.2 percent (y/y) in 2018.

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  • CEOs' Optimism about Indonesian Economy & Politics Falls Slightly

    CEOs' Optimism about Indonesian Economy & Politics Falls Slightly

    Chief executive officers (CEOs) in Indonesia have become slightly less optimistic about the Indonesian economy and politics. This makes sense considering the presence of simmering global trade tensions, sharp rupiah depreciation against the US dollar, and Bank Indonesia's recent series of interest rate hikes.

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  • Local Elections Indonesia: Run-Up to the 2019 National Elections

    Local Elections Indonesia: Run-Up to the 2019 National Elections

    The local elections that are held tomorrow (Wednesday 27 June 2018) are regarded a run-up to Indonesia's 2019 legislative and presidential elections. Tomorrow's results are a barometer to measure the political mood in the country with regard to next year's elections. After all, residents in the nation's four most populous provinces - West Java, East Java, Central Java, and North Sumatra - will visit the ballot boxes to vote for new governors. In total, 17 governors, 39 mayors and 115 regents will be elected across Indonesia on Wednesday.

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