Tempo English Weekly

Economy

Market Pulse: Dancing Dangerously to Trump's Beat

Short-term populist economic policies are increasingly dominating the world. One is protectionism. In his first days in office, US President Donald Trump immediately pulled his country out of the Trans-Pacific Partnership (TPP). Trump also invited Mexico and Canada to meet and reassess the North American Free Trade Agreement (NAFTA).

Indeed,…

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Bribery at Tanjung Batu

Not long after the British Serious Fraud Office (SFO) released their findings on the Rolls-Royce bribery case, Sofyan Basir immediately gathered stacks of documents. The CEO of the state-owned electricity company PLN bent over backwards to collect data because the Rolls-Royce case also implicated PLN officials. "We immediately handed over…

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Pertamina's Twin Suns

Pertamina CEO Dwi Soetjipto attended last week's press conference alongside the company's board chairman Tanri Abeng, Deputy CEO Ahmad Bambang, Director of Processing Toharso, and Vice President of Corporate Communications Wianda Pusponegoro. According to the invitation sent to the media, only Ahmad Bambang, Toharso, and Tanri would be delivering a…

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Tuesday, March 14, 2017

Plundering Parliamentarians

I swear to God, swear to God," said Setya Novanto when he was asked if it was true there was Rp150 billion for the Golkar Party's coffers from money embezzled out of the e-KTP (electronic ID cards) in 2011. Without denying or confirming it, he held up his index and middle fingers to form a 'victory' sign.

Setya Novanto demonstrated this oath to Tempo editors when he visited this magazine's office on Wednesday last week, a day before the prosecution read the criminal charges filed in the massive corruption case surrounding the e-KTP project at the Jakarta Corruption Court.