Tempo Magazine | English Edition Tempo Magazine | English Edition

Edition 22 September 2020

  • Sukhoi Scandal Revisited
    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.

  • From the Virgin Islands to Batulicin
    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.

  • Vulnerable to Money Laundering
    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.

  • Bitter Competition of Sugar Business
    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.

  • Importers’ Sweet Promises
    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.

  • Confidence in the Second Phase
    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.

  • Special Treatment for Mining Firms’
    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.

  • Dian Ediana Rae, chairman of Financial Transaction Reports  and Analysis Center: Our Financial System Is Not Immune from Illicit Money
    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.

  • Indonesia’s Rich Alcohol Tradition
    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.

  • Luhut Leads covid-19 Mitigation Efforts in nine Provinces
    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

    Yopie Hidayat (Contributor)

    More

  • Letters

    Rahmat’s Response

    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

    The Almighty

    Cartoon: Yuyun Nurrachman

  • Opinion

    Exposing A Global Laundromat

    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.

    More

    Photo

    Picture Window

    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

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  • Strong Men Behind Makassar Reclamation
    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.

  • When Sugar is No Longer Sweet
    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.

  • Sidelines

    Goenawan Mohamad

    Easy to Read and Trustworthy

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