Tempo English Weekly

Tuesday, March 21, 2017

Market Pulse: Challenges For Ojk’s New Leadership

Last week, the selection to choose the Financial Services Authority's (OJK) seven commissioners went through its third round, further narrowing the field to 21 candidates. Of those remaining, the dominance of three government agencies was noticeably visible. There were six candidates from Bank Indonesia, five from the OJK and three from the finance ministry. Other remaining candidates comprised two each from academia, professional associations/institutions and state-owned financial institutions as well…

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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.