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Edition 22 September 2020
Cover Story
Sukhoi Scandal Revisited
Thousands of secret financial documents shed light on suspicious transactions involving government officials, businessmen, and banking authorities all over the globe. A number of Indonesian businessmen are mentioned in the #FinCENFiles—leaked data from the Financial Crimes Enforcement Network, a United States financial intelligence bureau. The documents also mention suspicious activities surrounding the Indonesian government’s purchase of Sukhoi fighter jets in 2011-2013. This report was made possible through Tempo’s collaboration with the network of 110 media outlets from 88 countries, coordinated by the International Consortium of Investigative Journalists (ICIJ) and BuzzFeed News.
Cover Story
From the Virgin Islands to Batulicin
Businessman Andi Syamsuddin Arsyad is mentioned in the leaked FinCEN reports. The source of his money and purpose of transactions are considered to be unclear.
Cover Story
Vulnerable to Money Laundering
Leaked US FinCEN reports expose hundreds of suspicious activities performed through several major Indonesian banks. This demonstrates that banks are at a high risk of serving as platforms for cross-border money laundering.
Economy
Bitter Competition of Sugar Business
A number of state sugar factories in East Java ended their milling season early. They became the first victims of the increasing fierce competition for sugar cane supplies.
Economy
Importers’ Sweet Promises
Thousands of tons of farmers’ sugarcane are piling up in factories owned by the state. They are chasing after importer’s promise.
Economy
Confidence in the Second Phase
The OJK is preparing the 2020-2024 Sustainable Finance Roadmap. It is claimed to give answers to criticisms towards the previous road map, which had been accused of being unable to put the brakes on funding towards environmentally-polluting companies.
Law
Special Treatment for Mining Firms’
People close to South Sulawesi Governor Nurdin Abdullah are suspected of enjoying preferential treatment for getting licenses for sand mining businesses.
Interview
Dian Ediana Rae, chairman of Financial Transaction Reports and Analysis Center: Our Financial System Is Not Immune from Illicit Money
Financial Transaction Reports and Analysis Center (PPATK) has detected suspicious fund flows from several overseas companies to Indonesia involving several local banks.
Interlude
Indonesia’s Rich Alcohol Tradition
Local alcoholic beverages in a number of regions have strong traditional roots. Brewers are starting to sell them in attractive packaging.
News Capsule
Luhut Leads covid-19 Mitigation Efforts in nine Provinces
PRESIDENT Joko Widodo appointed Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan and National Disaster Mitigaton Agency Chief Doni Monardo to supervise coronavirus mitigation efforts in nine provinces. Luhut said these provinces see the highest transmission rates in the country.
Market Pulse
Market Pulse
Three Questions for Confidence
Letters
Rahmat’s Response
IN relation to the article in Tempo’s September 15-21, 2020 issue titled Two Men in the 10 Million Dollar Proposal and its digital edition, I would like to make the following response.
Cartoon
The Almighty
Cartoon: Yuyun Nurrachman
Opinion
Exposing A Global Laundromat
BEHIND the big names of major banks around the world is a hidden story of the failure of the global financial system to detect cross-border crime.
Opinion
Looking for Leadership
The government seems to has lost its way in the fight against the pandemic. Jokowi’s leadership is at stake.
Photo
Cool Biker
A MAN nonchalantly rides his bike unconcerned with the flood that inundates Jalan Ahmad Yani in the town of Putussibau, Kapuas Hulu Regency, West Kalimantan, Tuesday, September 15. The West Kalimantan Pertamina said that activities in 13 fuel stations and 31 subsidized liquefied petroleum gas (Elpiji) depots in Kapuas Hulu, Melawi and Sintang were disrupted by the floods, obstructing fuel and Elpiji distributions./ANTARA/Jessica Helena Wuysang
Opinion
Strong Men Behind Makassar Reclamation
The extraction of sand for the reclamation of Makassar New Port threatens the livelihoods of fishermen. Matters will get worse after the omnibus law is passed.
Opinion
When Sugar is No Longer Sweet
A number of sugar mills in Java stopped milling early because of competition from the private sector. It is time the government left the business and became neutral regulator.