October 25, 2016 edition

The chairman of the Financial Services Authority (OJK), Muliaman Hadad, 56, is optimistic about the coming year. He believes Indonesia will greet the coming year with growth exceeding the 5.2 percent target set by the government. "We can do it if we harness domestic potential optimally and continue with our reforms and transformation programs to enable investment," said Muliaman.
His views do not reflect those of global economic leaders who met at the annual conference of the World Bank and International Monetary Fund (IMF) in Washington, DC recently, at which Muliaman himself attended. Participants at the meeting proclaimed that the world economy was growing exceedingly slow, taking far too long to recover and benefitted only a handful of people. They concluded that the weakening of the global economy which began in 2014, had yet to recover in the coming year.

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October 18, 2016 edition

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October 11, 2016 edition

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October 4, 2016 edition

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September 27, 2016 edition

Chairman Agus Rahardjo was riveted by the list of US Navy defense equipment, complete with their budget details. The chairman's laptop was accessing the website of the US Navy Secretariat. "Everything that is secret here is very open over there," said Agus, who started his term leading the Corruption Eradication Commission (KPK) in January 2016, in an interview with Tempo last week.
Agus said open access to the US Navy budget details meant corruption on even the smallest item would be noticed. Likewise, he urged citizens to serve as an extension of the KPK to ensure that not a dime of state money goes to corrupt pockets. "Every Indonesian must take part in monitoring," he said. The day before, he spoke with lawmakers at the House of Representatives (DPR) on ensuring the clean use of the state budget.

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September 20, 2016 edition

Two low-cost green cars (LCGC), the Toyota Calya and the Daihatsu Sigra, exhibited at the Gaikindo Indonesia International Auto Show last August at BSD City, South Tangerang, Banten, were the center of visitors' attention. At that event, 12,000 units of both types were sold. Astra Internasional CEO Prijono Sugiarto, 56, said the public had long been waiting for these two inexpensive and environmentally friendly automobiles. "The price, starting at Rp100 million, is affordable," he told Tempo.
In a report released last week, the Joint Indonesian Automotive Industry Association (Gaikindo) said by last August, the two 'sister' makes dominated total sales of 96,294 units in Indonesia. In the LCGC class, their market share was 33 percent.

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September 13, 2016 edition

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