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                                        President Prabowo Subianto appears to have found in Finance Minister Purbaya Yudhi Sadewa a trusted figure capable of managing Indonesia's state finances with both discipline and political loyalty. In just a few months on the job, Purbaya has shown a willingness to take on elite power brokers, both within the government and from circles close to former president Joko "Jokowi" Widodo, without losing sight of President Prabowo's populist agenda.
8 hours agoTimor-Leste formally joined the Association of Southeast Asian Nations (ASEAN) during the group's summit in Kuala Lumpur, after a long wait, thanks in no small measure to the tireless support of Indonesia, which once brutally occupied the tiny territory. ...
1 day agoThe proposal to establish a family office, a private investment entity, from National Economic Council (DEN) head Luhut Binsar Pandjaitan has recently returned to the public spotlight after Finance Minister Purbaya Yudhi Sadewa rejected the use of the state budget (APBN) to fund the venture. Purbaya said the family office project must be developed entirely through DEN's own resources, emphasiz...
3 days agoThe Indonesian Democratic Party of Struggle (PDI-P) sprang a surprise in the final hours of candidate registration for the Jakarta gubernatorial election, choosing Pramono Anung over heavy favorites Anies Baswedan and Basuki “Ahok” Tjahaja Purnama. The move is seen as opening space for reconciliation between PDI-P chairwoman Megawati Soekarnoputri and President Joko ''Jokowi'' Widodo.
1 year agoThe discourse on limiting the use of subsidized fuel brands Pertalite gasoline and Solar diesel has been a long-running debate under President Joko “Jokowi” Widodo’s administration. This time the government plans the limitation of Pertalite to take place on Oct. 1, 2024. President Jokowi’s stance has been indecisive regarding this matter, confusing the public once again.
1 year agoAnies Baswedan, the former Jakarta governor and candidate in the last recent presidential election, finds himself at a critical crossroads in his political career after failing to secure a nomination for the 2024 Jakarta gubernatorial race. With his ambitions momentarily stymied, speculation is rife about his next move. Anies has said he is considering forming a new political party to maintain his relevance until the 2029 presidential election.
1 year agoPresident-elect Prabowo Subianto intends to divide the Public Development and Housing (PUPR) Ministry into two separate entities: one focused exclusively on housing, and the other on infrastructure development, effectively undoing the 2014 merger that created the PUPR Ministry. This decision underscores the new administration's shift in priorities, placing greater emphasis on the housing sector, with an ambitious target to construct 15 million homes by the end of Prabowo's term.
1 year agoThe two men have agreed to dispense with the need for a transitional team.
1 year agoNine out of 76 candidates in the running to become Supreme Audit Agency (BPK) members for the 2024 – 2029 period are politicians from political parties in the Onward Indonesia Coalition Plus (KIM Plus) supporting president-elect Prabowo Subianto. The final decision on the new BPK members will be made later in September and will be sealed by President Joko “Jokowi” Widodo, whose term will end in less than two months.
1 year agoPresident Joko “Jokowi” Widodo suffered his first major political defeat, just two months before he steps down, when a popular revolt denied him the chance to field his youngest son to run in the November polls to elect the leaders of regional governments.
1 year agoPresident Joko “Jokowi” Widodo presented the draft state budget (RAPBN) for the 2025 fiscal year to the House of Representatives on Aug. 16, one of his last acts as president before giving the reins to the incoming administration under president-elect Prabowo Subianto. The RAPBN highlights the government’s focus on improving human capital.
1 year agoA landmark decision by the Constitutional Court on Tuesday has removed the legislative threshold for political parties or electoral alliances to nominate candidates in the regional head elections in November. The ruling is seen as a game changer, particularly for former Jakarta governor Anies Baswedan, whose path to the polls appeared to narrow after the majority of parties rallied behind Ridwan Kamil.
1 year agoPresident-elect Prabowo Subianto has reaffirmed his promise to continue the development of the planned new capital Nusantara once he takes office. In an effort to dispel investors’ concerns about Nusantara's future, Prabowo has said he is an investor in the capital city project.
1 year agoGolkar Party chairman Airlangga Hartarto sent shockwaves through Indonesia’s political landscape when he abruptly stepped down from his position as the leader of the country’s second-largest party. While Airlangga claimed his decision was to ensure a “stable transition” between the current administration and the next, others have speculated that it was due to an underhanded maneuver by President Joko “Jokowi” Widodo.
1 year agoPresident Joko “Jokowi” Widodo has been trying to facilitate a smooth transition of power for his successor Prabowo Subianto by various means, but accommodating Prabowo’s signature programs in the 2025 budget has proven to be the most challenging considering the narrowing fiscal space and economic deceleration.
1 year agoWith over two months still to go until his inauguration in October, president-elect Prabowo Subianto has nonetheless established good rapport with President Vladimir Putin, setting the tone for Indonesia-Russia bilateral ties during his Moscow visit early this month. During their meeting, Prabowo described Russia as a “great friend” and discussed the possibility of various cooperations.
1 year agoTo prove his commitment to the development of Nusantara Capital City, President Joko “Jokowi” Widodo insisted on working there, despite the ongoing construction and less than ready state for habitation. Regardless of the questions about the motive behind the decision. Jokowi is simply sending a message, especially to the incoming government, that the show must go on.
1 year agoThe rivalry between National Awakening Party (PKB) chairman Muhaimin Iskandar and the ruling Nahdlatul Ulama (NU) brothers Yahya Cholil Staquf and Yaqut Cholil Qoumas has taken a new turn as they use the organizations to undermine each other.
1 year agoIn a push for better governance of the mining industry, the government has expanded the Mineral and Coal Information System (Simbara) to now cover nickel and tin toward future expansion to other minerals. The decision to expand the tracking system to the two commodities stems from a recent tin corruption case that incurred state losses Rp 271 trillion (US$17 billion).
1 year agoIn a strategic move to ensure a seamless transition of power, President Joko "Jokowi" Widodo has appointed three new deputy ministers closely linked to his political ally and successor, president-elect Prabowo Subianto.
1 year agoMinisters from President Joko “Jokowi” Widodo’s administration have brought the topic of the subsidized fuel, Pertalite, back into the spotlight. The plan is to reduce the consumption of the government subsidized fuel beginning August, coinciding with Indonesia’s Independence Day. However, differing statements from high-ranking officials have left the public puzzled, as the government has yet to reach a consensus on curtailing the country’s fuel subsidies.
1 year agoThe House of Representatives will soon begin deliberations on the creation of the Supreme Advisory Council (DPA), replacing the Presidential Advisory Council known as Wantimpres. The legislation is not seeking big changes other than in name and size of the council, from nine members at present, to whatever number the sitting president wants, raising questions about what is the real purpose of it all.
1 year agoVice president-elect Gibran Rakabuming Raka has been touring Jakarta amid his busy agenda as mayor of Surakarta, Central Java, stopping by Central Jakarta’s Tanah Tinggi subdistrict and Nangka Market as well as South Jakarta’s Manggis Market on July 3, accompanied by popular celebrity and TV host Raffi Ahmad. Earlier on June 28, he strolled along the Semanggi River in Tegal Alur, West Jakarta, alongside acting Jakarta governor Heru Budi Hartono.
1 year agoPresident Joko Jokowi Widodo is contemplating fielding his youngest son Kaesang Pangarep to run in the November gubernatorial election in Central Java, taking the war against his political mentor Megawati Sukarnoputri, the matron of the Indonesian Democratic Party of Struggle (PDI-P), to the next level. Central Java has always been a PDI-P stronghold.
1 year agoIndonesia’s antitrust agency, the Business Competition Supervisory Commission (KPPU), has accused e-commerce firm Shopee and tech giant Google of engaging in monopoly practices. Shopee, accused of monopolizing its courier services, has since closed its case by agreeing to make changes to its services. On the other hand, Google, accused of monopoly through its Google Play Billing (GPB) System, has only just entered its phase of court hearings.
1 year agoSurveys may put former Jakarta governor Anies Baswedan as the most popular figure if he runs for reelection for the same job in November, but he will not win it, and may not even be able to contest it, if President Joko “Jokowi” Widodo has anything to do with it.
1 year agoThe Financial Services Authority (OJK) has suffered another legal setback against Kresna Life Insurance. This defeat took place at the Jakarta State Administrative High Court (PTUN) on June 14, where OJK's appeal to maintain the revocation of Kresna Life's license was overturned. Moving forward, OJK is now contemplating filing a cassation appeal, which could potentially result in the legal enforceability of the overturned license revocation of Kresna Life if they are unsuccessful.
1 year agoWith four months left in office, President Joko “Jokowi” Widodo has already consolidated his political influence for the next five years. Apart from president-elect Prabowo Subianto pledging to carry on the current government’s programs and having his eldest son Gibran Rakabuming Raka assume the country’s second-highest office, Jokowi has also been manuevering between political parties after parting ways with the Indonesian Democratic Party of Struggle (PDI-P).
1 year agoIndonesia’s president-elect Prabowo Subianto plans to fund his campaign promises by increasing the Indonesian debt-to-gross domestic product (GDP) ratio by 2 percentage points annually, potentially reaching 50 percent by the end of his term. In response to this unprecedented fiscal policy, Morgan Stanley downgraded its evaluation of Indonesia's equities to "underweight," forecasting short-term economic uncertainty.
1 year agoPresident-elect Prabowo Subianto has come up with a few ideas about what Indonesia can do to help Palestinians in the Gaza Strip, which has been under siege by the Israeli military for over eight months. These ideas depart somewhat from the line taken by the administration of President Joko “Jokowi” Widodo and while it’s questionable whether they would be taken up at all, they make for good optics both at home and abroad. They also shed light on the kind of leader Indonesia can expect he takes charge in October.
1 year agoIndonesia’s second-largest Muslim organization, Muhammadiyah, has decided to divert trillions of rupiah funds from state-owned Bank Syariah Indonesia (BSI), the country’s largest sharia bank, to other sharia banks. This move has raised concerns about its impact on BSI but also reveals the financial strength of the Islamic organization that many were unaware of.
1 year agoAfter dropping the idea of setting up a transition team, president-elect Prabowo Subianto has come up with a so-called synchronization task force comprising entirely of elites from his Gerindra Party. Its job: To synchronize the moves of the incoming and outgoing governments. It’s a transition team in all but its name, but it skirts the contentious issue of who should lead it.
1 year agoNusantara Capital City (IKN) Authority head Bambang Susantono and his deputy Dhony Rahajoe took Indonesia by surprise with their sudden resignations. This unexpected development raises suspicions about ongoing construction challenges at IKN, potentially leading to their departure. Given that the completion of Indonesia's new capital heavily depends on private sector investment, their resignations might signal concerns about the project's feasibility to potential investors.
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