Economy



  • Catch Me If You Can
    Economy

    Catch Me If You Can

    The police named Sadikin Aksa, former Bosowa Corporindo CEO, as a suspect in a banking fraud case. It is regarded as a backlash against Bosowa's victory in court.

  • Bond’s Danger Signal
    Market Pulse

    Bond’s Danger Signal

    Inflation in the US, which might trigger an interest rate hike by the Fed and reduced liquidity injection, is becoming the biggest fear of emerging markets, including Indonesia. Investor’s money which has been anchored here might just return home, in great numbers and fast.

  • Survival Mission
    Economy

    Survival Mission

    The government sets out to release new antidumping policies and national standards for steel products, in response to local industries' complaints against the onslaught of imported goods.

     

  • The Mysterious Letters
    Economy

    The Mysterious Letters

    The letter of exemption from the trade ministry, owned by a number of steel importers, raised suspicions. Looking into several old government projects, the letter is suspected to have been used as cover-up allowing dozens of containers of steel to be imported without verification.

  • The Trillion Dollars Bet on the Inflation
  • Investigations Lead to Management Overhaul
    Economy

    Investigations Lead to Management Overhaul

    The alleged corruption implicating Asuransi Kredit Indonesia (Askrindo) sparked up improvement plans in the parent company of state-owned insurance and underwriting firms. There are problems in the insurance agent business regulations.

  • Independent Auditor Investigates Findings at Askrindo
    Economy

    Independent Auditor Investigates Findings at Askrindo

    Investigation by an audit committee formed by Askrindo's board of commissioners of the company’s finance in 2019 found indications that the commission paid to Askrindo Mitra Utama (AMU), a subsidiary which is also an insurance sales agent, was a cover for bribes to the company board of directors. Robertus Bilitea, Chief Executive Officer of Indonesia Financial Group (IFG), a state-owned insurance holding company, answered Tempo’s questions regarding the alleged corruption within one of IFG’s subsidiaries.

  •  Fees for the 8th Floor
    Economy

    Fees for the 8th Floor

    Askrindo is implicated in another corruption allegation. The company's board of directors are suspected of collecting money from the fees for insurance sales agents.

  • Four Vulnerable Fellows
    Market Pulse

    Four Vulnerable Fellows

    Indonesia has been included by HSBC analysts as one of the four emerging markets that are most vulnerable should the global financial market fall into panic, alongside Brazil, Mexico and South Africa

  • The Haunting Ghost of 2013
    Market Pulse

    The Haunting Ghost of 2013

    Central banks indeed have rescued the capitalist, financial asset owners and investment management institutions, but they have not helped the ordinary businessmen in the real sector that must fight for their daily life in the streets.

  • Low Factory Utilization Is Very Dangerous
    Economy

    Low Factory Utilization Is Very Dangerous

    The Indonesian Automotive Manufacturers Association (Gaikindo) Secretary General Kukuh Kumara believes that the government plan to cut luxury goods sales tax (PPnBM) on new 1,500cc cars will have a big impact upon economic growth. 

  • Multi-Mission Incentive
    Economy

    Multi-Mission Incentive

    The government rolled out a tax incentive to boost vehicle sales. An effort to keep the automotive industry alive and investors in place.

  • High Risks Inside Out
    Market Pulse

    High Risks Inside Out

    Yopie Hidayat, Tempo's contributor

  • Stimulus Modest Welcoming
    Economy

    Stimulus Modest Welcoming

    Bank Indonesia and the Financial Services Authority relax the provisions for motor vehicle ownership loans. Players in the financial industry are not bold as to boast their performance will immediately spur.

  • Unmoved in the Midst of Dollar Deluge
  • We Should Be More Flexible
    Economy

    We Should Be More Flexible

    Dwi Soetjipto, Chairman of the Upstream Oil and Gas Regulatory Task Force (SKK Migas) explained his strategies to boost the oil and gas production which continues to decline and never reaches the target. Moreover, the plan for new investment is still unclear. 

  • Chevron's Successor
    Economy

    Chevron's Successor

    Negotiations between Chevron and Italy’s Eni in the Indonesia Deepwater Development project is scheduled to finish in the first quarter of 2021. Even if the transition is done according to plan, first production targets are expected to be late.

  • Rokan’s Ongoing Saga
    Economy

    Rokan’s Ongoing Saga

    Only five months left to prepare for the transition towards a new operator for the Rokan Block. A number of problems are still unresolved, while others already await Pertamina. 

  • Bitter Aftertaste of Sugar Import Licensing
    Economy

    Bitter Aftertaste of Sugar Import Licensing

    The government issued permits to import raw sugar for the refined sugar industry in order to cover demand. This policy, however, is deemed insufficient to solve supply shortage for high-quality raw material suffered by a number of food and beverage companies.

  • Anticipating Sugar Regulations
    Economy

    Anticipating Sugar Regulations

    Regulation guaranteeing the availability of basic material for the sugar industry has yet to be issued. Plans to limit importers remain a big question mark.

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