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View all search resultsIn February, Finance Minister Purbaya Yudhi Sadewa issued a regulation requiring 58 percent of village funds to be allocated to support President Prabowo Subianto’s flagship Red and White Cooperatives program.
Through its subsidiary DIPO, the company will supply 20,600 trucks to Agrinas Pangan Nusantara as part of the government’s red and white cooperatives program, amid a broader plan to procure up to 160,000 vehicles nationwide.
The plan to finance President Prabowo Subianto’s flagship Red and White Village Cooperatives (KDMP) program remains controversial, as the burden is set to fall on state-owned banks and the Village Fund. The Finance Ministry has stipulated that state-owned banks, supported by government liquidity, will finance the establishment of KDMP units, while the Village Fund will be used for repayment. Without strong governance, the program risks repeating the failures of the New Order regime’s Village Unit Cooperatives (KUD).
Sekumur village was completely destroyed by Cyclone Senyar. A total of 283 homes were swept away by a 10-meter-high flash flood when the cyclone struck. Today, nothing remains of the village except a mosque, which still stands amid mud and piles of debris.
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