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Economy

Edisi Monday, September 16, 2024

A woman accesses the Peruri website to check the requirements for e-Meterai or Electronic Stamp transactions in Jakarta.
TEMPO/Fardi Bestari

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Economy

Digital Certificates’ Alluring Profits

The business of digital signatures and e-stamps is booming, as regulations push digital certificate providers to rake in profits.

Edisi Monday, September 9, 2024

Illustration by TEMPO/Alvin Siregar

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Economy

Alleged Connection of Kaesang and Gibran to Entrepreneurs

A photograph of a private jet window exposes Kaesang Pangarep and Gibran Rakabuming Raka’s connections to a network of business actors.

Economy

Capital Injections in Gibran and Kaesang’s Startups

Startups owned by Gibran Rakabuming Raka and Kaesang Pangarep are flooded with venture capital injections. Assisted by a presidential advisor.

Economy

Overwhelming Support for Solo Soccer Team and Kaesang

Persis Solo attracts substantial funding since Kaesang Pangarep acquired its shares. Sponsors tend to be influenced by the prominence of the owner. 

Economy

The Fall of Gibran and Kaesangs’ Culinary Businesses

The culinary businesses of Gibran Rakabuming and Kaesang Pangarep are fading. This seems to contradict their massive financing.

Edisi Monday, September 2, 2024

Illustration by TEMPO/Alvin Siregar

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Economy

Political Maneuvering for BPK Seats

Commission XI of the House of Representatives will elect five BPK members. Several political parties are forming a coalition to support their strongest candidates.

Economy

BPK Members’ Inclination to Corruption

The selection process for BPK members is under scrutiny following multiple instances of its leaders being implicated in corruption cases. The selection process is deemed to be lax.

Economy

Jiwasraya Customers’ Concern Ahead of Liquidation

The government plans to liquidate Jiwasraya after the settlement of policyholder claims. A massive deficit still hangs over the company.

Edisi Monday, August 26, 2024

Illustration by TEMPO/Alvin Siregar

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Economy

Accommodating Prabowo’s Programs in the 2025 State Budget

The 2025 State Budget accommodates several of Prabowo Subianto’s programs. Lobbying efforts are underway to ensure the smooth implementation of these priority programs.

Economy

The Trial and Budget for Free Nutritious Meal Program

The trial of the free nutritious meal program involves military personnel and private parties. Authorities manage everything from communal kitchens to food distribution.

Edisi Monday, August 19, 2024

Indonesian General Insurance Association (AAUI) office in Jakarta, June 2023.
TEMPO/Tony Hartawan

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Economy

Concerns over Mandatory Vehicle Third-Party Liability Insurance

The government continues with its plan to make vehicle insurance and third-party liability insurance compulsory. There is suspicion that insurance is used to collect money from the public.

Edisi Monday, August 12, 2024

Illustration by TEMPO/Alvin Siregar

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Economy

The Plan to Impose Tax on Sweetened Beverage Products

The government revives plans to impose taxes on sweetened beverages and other food products. There are also plans to implement a color-coded label as a replacement for the tax.

Economy

The Rise of Cheap Cigarettes due to Increased Tax

Consumers are downtrading their cigarette choices as tax rates rise, leading to an increase in cheap cigarettes and a persistent smoking prevalence. 

Economy

Government’s Plan to Add Goods Subject to Excise Taxes

The government plans to expand the list of goods subject to tax. However, attempts to broaden excise taxes often face public resistance.

Edisi Monday, August 5, 2024

Illustration by TEMPO/Alvin Siregar

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Economy

Behind Muhammadiyah’s Acceptance to the Offer of Mining Concession

Muhammadiyah cadres and administrators are divided in their response to the mining concession. There are whispers from the government and the entrepreneurs.

Economy

Burdens and Facilities for Mass Organizations to Receive Mining Concession

The government provides facilities to make it easy for religious organizations to manage mines. Offers discounts on information data compensation rate.

Economy

The Risks of Loans Using Deposit Funds from Export Proceeds

Banks regularly give credit to coal exporters who have deposits from foreign exchange proceeds of exports. It is prone to moral hazards.

Economy

Haedar Nashir of Muhammadiyah: God Willing, Muhammadiyah is Already Satisfied

Muhammadiyah follows Nahdlatul Ulama’s step to accept mining concession offer from the government. Muhammadiyah General Chair Haedar Nashir explains about it.

Economy

Busyro Muqoddas of Muhammadiyah: We Have Studies Rejecting Mining

Muhammadiyah accepts the government’s mining concession offer. Many members are against it. Busyro Muqoddas, Chair of Muhammadiyah’s Law and Human Rights Council explains.

Economy

New Regulations on Local Content Requirement in Solar Power Industry

The government revises regulations on solar panel and photovoltaic power station’s local content requirement. Investors are hesitant due to unreasonable requirements.

Edisi Monday, July 29, 2024

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Edisi Monday, July 22, 2024

Illustration by TEMPO/Alvin Siregar

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Economy

Cosmetic Preservatives in Long-Lasting Bread

Two bread brands are suspected of using a type of preservative that is not allowed in food. It is believed as a way to attack small and medium-scale bread producers.

Economy

Home-Baked Bread Business Competes with Manufactured Breads

The presence of Okko and Aoka disturbs home-industry breads produced by micro, small and medium businesses.

Economy

BPOM’s Response on Bread with Preservative for Cosmetics

The BPOM does not approve the use of sodium dehydroacetate as a food ingredient. Emma Setyawati, acting Deputy for the Supervision of Processed Foods at BPOM explains.

Economy

Aoka and Okko Breads Producers' Explanation on Harmful Preservatives

Producers of Okko and Aoka breads suspect elements of business competition.

Edisi Monday, July 15, 2024

Illustration by TEMPO/Alvin Siregar

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Economy

Indonesia’s Textile Industry Hit by a Flood of Imported Textiles

Mass layoffs hit the textile industry. The latest import regulation triggered a flood of textile imports, causing the local industry to collapse.

Economy

Wary of Collecting Protection Tariffs

Several ministries are waiting for each other over the implementation of trade protection import duties. There is fear of retaliation from competing countries.

Economy

Curbing the Influx of Cheap Goods

Imported clothing products tend to be cheaper than local products. Certain policies make manufacturers in other countries more competitive.

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