Loopholes in Debt Write-Offs for Small Businesses
The government writes off non-performing loans of fishermen and small business owners. Detailed criteria can prevent moral hazards.
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The government writes off non-performing loans of fishermen and small business owners. Detailed criteria can prevent moral hazards.
Hashim Djojohadikusumo is leading the Indonesian delegation at the climate change conference COP29 in Azerbaijan. But he is more a representative of corporate interests.
The new government is trying to erase traces of past human rights violations. This hurts the victims and their families.
The investigation into the Communication and Digital Affairs Ministry employees backing online gambling is expanded to include many people. Ill-gotten gains from a political operation.
National Commission on Human Rights (Komnas HAM) Chair Atnike Nova Sigiro on human rights enforcement in the Prabowo Subianto era.
The presence of Hashim Djojohadikusumo at COP29 in Azerbaijan was considered as bearing a conflict of interests. He was promoting the business of Arsari Group.
Prabowo’s close associates worked to prevent the issue of serious human rights violations from resurfacing. They prepared a white paper containing a narrative aimed at clearing Prabowo’s name.
The number of people suspected of protecting online gambling sites increases to 18. Employees of the Communication and Digital Affairs Ministry are involved.
The Communication and Digital Affairs Ministry is tidying up house now that 10 of its employees are accused of participating in online gambling. Their flow of cash is being scrutinized.
One of the suspects of the online gambling case is a regular in the ministers’ social circles, and active in the arts scene.
Former Communication and Informatics Minister Budi Arie Setiadi is implicated in an online gambling case. He allegedly met with representatives of gambling operators.
Efforts to block online gambling sites are proven futile, as many loopholes remain. Online gambling remains rampant in Jakarta.
The disbursement of People’s Business Credit faces numerous challenges. Farmers and small business owners are vulnerable to loan sharks and middlemen.
We launch Tempo single brand, with news products integrated under one platform. Scores of new services will be offered.
The government’s policy of allowing MSME loans write-offs under certain conditions is deemed prone to moral hazard and misuse.
The most significant factors behind Trump’s victory were Covid-19 and the Federal Reserve’s response. Life is likely to become harder for Americans—and for much of the rest of the world.
Cartoon: Yuyun Nurrachman
The world still needs good people. But what is considered good has no clear law.
The future of BRIN is uncertain in the administration of Prabowo Subianto. It is caught up in a political deal with the PDI-P.
There are indications that the police are taking sides in local elections in a number of regions. This is the next setback for democracy after the presidential election.
There are many irregularities in relation to the detention of Tom Lembong. Without sufficient evidence of corruption, this case can be considered as politicization, and not enforcement, of the law.
Established to provide an opportunity to obtain loans, Danantara could sink Indonesia into a debt quagmire. Risk mitigation is key.
Minister of Higher Education, Science and Technology Satryo Soemantri Brodjonegoro explains BRIN’s position in the Prabowo government.
A collection of hundreds of cultural artifacts from the second phase of repatriation from the Netherlands is on display at the National Museum of Indonesia.
The position of BRIN remains uncertain under Prabowo Subianto’s administration. The restructuring of the research agency is hampered by political interests.
Jokowi and the police are helping to bring Ahmad Luthfi-Taj Yasin to victory in the Central Java Regional Head Election, allegedly pressuring village heads to show support.
Tom Lembong’s lawyer on the irregularities of his case.
Cartoon: Yuyun Nurrachman
Tom Lembong owns assets worth Rp101 billion but does not own a house. He does not live with his wife and children in Jakarta.
The Supreme Audit Agency uncovered violations in sugar import practices during various periods of the Trade Ministry. Only Tom Lembong, the Trade Minister for 2015-2016, is indicted.
The Attorney General’s Office is still withholding the evidence in the sugar import case involving Tom Lembong. State losses remain unclear.
BI faces a dilemma over cutting rates amid the global volatility stirred by Trump’s victory.
The Indonesia Investment Authority is set to merge with Danantara, but it still fails to optimize investments and faces ongoing issues with foreign investor confidence.
In the face of ambivalence, who is evil? It is those who choose greater evil or lesser evil.
The plan for a super-holding for state-owned enterprises dates back to the New Order era. The SOEs Ministry will be replaced by a giant corporation.
Danantara will reduce the authority of the SOEs Minister. Transferring the management of major SOEs will make the Ministry almost powerless.
Prabowo Subianto is establishing BPI Danantara to manage state-owned enterprises. There are reportedly tug-of-wars and a number of obstacles in the process, including the obligation to revise laws.
A reader hopes that the government will do more when it comes to protecting citizens’ lives.
The move by President Prabowo Subianto to save Sritex could well lead to corruption. A smart strategy is needed to rescue collapsing companies.
The food estate project in Central Kalimantan turned into an oil palm plantation. The government failed to learn from the mistakes of the past.
Ridwan Kamil should have realized from the start that the parties supporting him were not being sincere. The people will lose out.
With the Supreme Court’s judicial mafia, when one branch is lopped off, another 10 grow in its place. It needs to be comprehensively cleaned up.
Judge bribery suspect Zarof Ricar was once a high-ranking Supreme Court official. He bankrolled a film about a judge.
The Supreme Court dismissed three judges suspected of accepting bribes in the Ronald Tannur case. This adversely impacts efforts to improve the judiciary.
The three judges who acquitted Ronald Tannur often reported for ethics violations. Their bank accounts show transactions amounting to the billions.
The Rp920 billion found in Zarof Ricar’s house is suspected of being related to arranging court case verdicts. The Corruption Eradication Commission once detected his corrupt exploits.
Judicial Commission Chair Amzulian Rifai on the corruption in judicial institution involving judges.
The food estate program, or rice field creation initiative in Central Kalimantan, was neglected and instead converted into oil palm plantations owned by private companies.
Ridwan Kamil’s electability remains stagnant in the Jakarta regional head election. His supporting parties are not actively campaigning for him, leaving him hoping for support from Prabowo and Jokowi.
Prabowo Subianto orders four ministers to rescue the bankrupt textile company Sritex. A potential bailout from the state is on the table.
Interviews with Industry Minister Agus Gumiwang Kartasasmita and Sritex President Commissioner Iwan Setiawan Lukminto on the company’s bailout.
Cartoon: Yuyun Nurrachman
After Sritex, other major textile companies are also collapsing. Incentives and support are needed to curb imported goods.
Capital outflow becomes increasingly clear at the outset of Prabowo’s administration. The large cabinet undermines investors’ confidence.
Kamala Harris champions women’s legal and political rights, countering Donald Trump’s machismo.
Former Trade Minister Thomas Lembong is arrested by the Attorney General’s Office over corruption allegations. When will other ministers be questioned?
Prabowo Subianto is hoping to erase his sins in relation to the 1998 kidnappings. Gross human rights violations will not be a priority.
The obligation to obtain halal certification leads to higher economic costs and corruption. Labeling products that are non-halal would be more efficient.
Jokowi’s son-in-law, Bobby Nasution is caught up in alleged bribery involving a mining permit in North Maluku. He is accused of selling his influence.
A number of problematic individuals are appointed to Prabowo Subianto’s cabinet. It will be difficult for the government to be effective in its first one or two years.
The term “Medan Block” emerged during the trial of former North Maluku Governor, Abdul Gani Kasuba. Medan Block is believed to refer to pre-allocated nickel mining concessions in Halmahera.
Former North Maluku Governor Abdul Gani Kasuba acknowledged meeting with Bobby Nasution but claimed he gained no advantage from it.
Bobby Nasution is suspected of managing the Medan Block nickel mine since 2021. He met with Abdul Gani Kasuba before becoming the Mayor of Medan.
Entrepreneurs complain about the costly and complicated halal certification process. They must pay monthly fees for supervision.
Halal certification is slow due to inadequate supporting infrastructure. It has the potential to trigger a high-cost economy.
Entrepreneurs are pressured by the mandatory halal certification regulations. The costs associated with obtaining halal labels are considered expensive, and the procedures are complicated.
Three East Java gubernatorial candidates—Luluk, Khofifah, and Risma—talk about the competition in the 2024 regional head elections.
Prabowo Subianto appointed ministers and deputy ministers with problematic backgrounds in his cabinet. Several of them are closely associated with businessman Haji Isam.
The PDI-P received the most positions as leaders of the DPR working bodies. Surya Paloh met with Bahlil Lahadalia to discuss the allocation of commission chairs.
The new ministries and agencies established by Prabowo Subianto cannot operate immediately. Some lack office space, have tight budgets, and are short on staff. The authority of the Haj and Umrah Organizing Agency even violates the law.
The rupiah is weakening amid the power transition, with global factors also exerting heavy pressure.
The new government under Prabowo Subianto is already formed. Can we hope for what the future holds?
Driven by corporate demand, helicopter business opportunities continue to grow. Operators are increasingly expanding their fleets.
The phrase “human rights” was lost from Prabowo Subianto’s inauguration speech.
Food, like language, clothing, and customs, is a marker of our roots. Especially in the past.
Cartoon: Yuyun Nurrachman
Rohingya refugees in Thailand, Malaysia, and the Philippines are treated differently than those in Indonesia.
The Rohingya refugees living in Pekanbaru have more freedom to move around and reside in lodgings. Their children can also attend school.
The increasingly overcrowded refugee camps demand improvements in the mechanisms for handling Rohingya refugees. The number of refugees continues to rise.
Several Rohingya refugees successfully built their careers in various fields. They continued to work and raised awareness about the plight of displaced Rohingya refugees.
Rohingya refugees are still living in several inadequate temporary shelters in Aceh.
There are indications of problems with the IPO of Barito Renewables Energy. The stock exchange and capital markets authorities are neglecting their responsibilities.
There is an increasingly real threat to Indonesia’s biodiversity. It cannot be overcome through empty slogans at international forums.
The KPK should designate Sahbirin Noor a fugitive. There is a good chance the South Kalimantan Governor will go free.
How did Prabowo Subianto decide on the composition of his cabinet? There are indications that several prospective ministers were proposed by tycoons.
Prabowo Subianto is inheriting an inefficient economy. Yet his new administration is likely to follow Jokowi’s economic model.
The Joko Widodo administration leaves a heavy burden for state-owned enterprises. Many projects result in big debts.
President Jokowi entrusted his confidants to join Prabowo’s cabinet. Several ‘volunteers’ also received positions.
Prabowo Subianto formed a large cabinet to accommodate the interests of parties, businessmen, and his supporters. Mining entrepreneur Haji Isam is suspected of proposing several ministerial candidates.
KPU Chair Mochammad Afifuddin on turbulence within his institution following the dismissal of Hasyim Asy’ari, and the Constitutional Court’s decision on the regional head elections.
Megawati reportedly did not approve of PDI-P cadres entering Prabowo’s cabinet. She chose Pramono Anung to communicate with Prabowo.
The Stock Exchange detects alleged violations in the IPO of Barito Renewables Energy. There are indications of maneuvering around public shareholding requirements.
Cartoon: Yuyun Nurrachman
Sri Mulyani and several economic ministers from Jokowi join Prabowo’s cabinet, with encouragement from two former presidents.
Indonesia’s delegation at COP16 CBD in Cali, Colombia, is not led by a minister. Biodiversity funding is at risk of not being agreed upon.
South Kalimantan Governor Sahbirin Noor is suspected of receiving commissions on three projects in the e-catalog. He has not been seen since being named a suspect.
Uncertain future looms over Rohingya refugees in Indonesia. They are also struggling with various limitations.
Empathy is the key to happiness. We are happy when we help others, we are happy when we do good.
OJK’s right of reply and a remembrance to Mochtar Lubis who wrote about government.
The KPK uncovered alleged embezzlement of the Taspen pension fund involving Sinarmas Sekuritas. The result of poor supervision by the OJK.
The family members of some ministers enter the fishery business. Other problems, such as the activity of illegal foreign vessels and the abuse of crew members, still prevail.
Explanations from State Secretary Minister Pratikno and Maritime Affairs and Fisheries Ministry on fishery business and the case of illegal ships in eastern Indonesia.
Minister Sakti Wahyu Trenggono revives a shutdown port. There is indication that the minister’s son is involved in the fisheries business.
Jakarta is striving to provide inclusive transportation, but challenges remain, from funding issues to construction oversight.
The race for the position of Chief Justice of the Supreme Court is heating up amid a flurry of allegations against certain candidates. There is suspicion of backing from business circles.
The plan to export sea sand faces obstacles from the Ministry of Energy and Mineral Resources. Oppositions also come from the DPR.
Dozens of companies are seeking permits to process marine sediment. They include businessmen, regional head candidates, and former cabinet ministers.
Indonesia is poised to fall into the middle-income trap. Only a few people enjoy the economy pie.
Prabowo Subianto is to form a cabinet comprising numerous ministers. This is made possible through a revision of the law.
Two rivals in Jakarta’s upcoming regional elections are sharpening their winning strategies. There is a rift in the Indonesia Onward Coalition.
China’s economic crisis has the potential to spread around the world. It can kill industries and manufactured goods in many countries.
Foreign companies are urging President Joko Widodo to implement the power wheeling scheme. The private sector is pushing to hasten the energy transition.
Articles on power wheeling prevent the legislation of a New and Renewable Energy Bill. State electricity company PLN’s unique position could be left precarious.
Indonesia and the Vatican enjoyed a good relationship long before the Pope’s visit. The Vatican reportedly helped Indonesia lobby the European Union.
Catholics eagerly follow Pope Francis’ visit. Some are willing to spend a large sum of money to participate in the grand mass with the Pope.
Pope Francis received a warm welcome on his visit to Indonesia. Appearing with simplicity, he brought a mission of inter-faith dialogue.
The culinary businesses of Gibran Rakabuming and Kaesang Pangarep are fading. This seems to contradict their massive financing.
Chair of the Presidium of the Indonesian Bishops' Conference (KWI) Monsignor Antonius Subianto Bunjamin spoke about the preparations for Pope Francis’ visit.
The current account deficit threatens the Indonesian economy. The value of the rupiah could fall further, triggering an economic crisis.
Police act excessively in handling the demonstrations nationwide in support of the Constitutional Court decision. Where are the President and Vice President?
The transition to nuclear energy must be accelerated to meet the ever-increasing demand for electricity. It is more environmentally friendly.
The hijacking of the Constitutional Court’s decision on the Regional Head Election Law affects investor confidence, and political commotion hurts Prabowo’s government.
M.H. Thamrin was not the type of council member who would simply show up, sit down, remain silent, and collect a paycheck. The Tiger of Volksraad was highly militant and vocal in championing the people’s interests. His roar resonated as far as Europe and America.
The definition of “Indonesia” transcends old walls. Indonesians are anyone who considers it their homeland.
Tommy Hermawan Lo’s name emerges following the mention of Mr. T in online gambling that involves human trafficking case. He is a director at a casino management company.
Banks regularly give credit to coal exporters who have deposits from foreign exchange proceeds of exports. It is prone to moral hazards.
Muhammadiyah cadres and administrators are divided in their response to the mining concession. There are whispers from the government and the entrepreneurs.
Government debt breached the limit. Markets await a signal of prudent fiscal management from the incoming president.
Jokowi was initially considered as a good person and a man of the people. But he broke the hopes of those who voted for him.
As the country attempts to mediate major issues, Indonesia’s foreign policy appears vibrant but lacks a strong foundation.
Various cases of hacking and freedom of expression violations are rampant during Jokowi’s presidency. Victims range from public figures to ordinary people.
The 10 years of Joko Widodo’s administration leaves behind a mountain of debt. The management of the state budget shows minimal public participation and oversight.
People close to Prabowo Subianto will be given strategic posts. Jokowi gives his blessing.
The presence of Okko and Aoka disturbs home-industry breads produced by micro, small and medium businesses.
THE Indonesian Military proposes the removal of the article that prohibits military involvement in business activities in the revision of the TNI Law.
Indonesia is still one of the largest markets for global drugs. There is overlapping law enforcement from the BNN and the National Police.
Mass layoffs hit the textile industry. The latest import regulation triggered a flood of textile imports, causing the local industry to collapse.
The BNN indicates Indonesia is a potential market for international drug networks. An interview with the Chief of the National Narcotics Agency (BNN), Comr. Gen. Marthinus Hukom.
International drug networks are invading Indonesia. The Sinaloa Cartel from Mexico delivered methamphetamine concealed in a ceramic package.
Over a dozen Lambung Mangkurat University lecturers are suspected of manipulating the requirements to apply for a professorship. They could be stripped of their titles.
Indigenous people and villagers in Central Halmahera are facing clean water crisis. Community wells and river water are contaminated by nickel mining.
CEO of BCA, Jahja Setiaatmadja, explains the impacts of volatile exchange rates, rising government debt, and how the market awaits the new cabinet.
Rice production is predicted to drop dramatically this year, potentially leading to a rice crisis and triggering inflation and an economic crisis.
The KPK is investigating a case of land corruption in Rorotan, North Jakarta. The land was intended for the zero-down payment housing program. A go-cart racer is implicated in this case.
The guilty verdict for Karen Agustiawan shows that in Indonesia, even business decisions can easily lead to prosecution. This will have a long-term negative impact on our economy.
The KPK is once again investigating Hasto Kristiyanto regarding the Harun Masiku bribery case. This is a consequence of the dispute between the PDI-P and Jokowi.
The PDI-P is preparing to replace Hasto Kristiyanto after he was questioned by the KPK in the Harun Masiku case. They are wary of the Palace’s interference.
The KPK actually knows Harun Masiku’s location. He was once in Moro rebel territory in the Philippines.
The KPK questioned Hasto Kristiyanto again in connection with the Harun Masiku bribery case. Is it true that this is the result of the Presidential Palace interfering?
The rising exchange rate of the US dollar is causing business problems. Hedging efforts are of little help when the rupiah is very weak.
The merger between Tokopedia and TikTok Shop shifts the e-commerce business competition. The new entity is competing with Shopee.
Ignatius Suharyo explains the Catholic Church’s stance on the planned issuance of mining permits to mass organizations. He considers mining activities destructive to the environment.
A number of Prabowo Subianto supporters have been appointed as SOE commissioners. This risks compromising their oversight function.
Invasive alien species are attacking dozens of national parks in Indonesia. This is a serious threat that could have a negative impact on the ecosystem.
BP Tapera Commissioner, Heru Pudyo Nugroho, explains the compulsory 3 percent cut of monthly income for the public housing savings scheme.
Invasive alien plant species are infesting many national parks in Indonesia. There is no comprehensive solution yet.
Muhammadiyah’s fund transfer could trigger an equalization of the scale of business of sharia banks. Bank Syariah Indonesia has been too dominant over the sharia banking industry.
Muhammadiyah’s business networks cover various sectors, from education to financial services. It seeks to create a closed economic ecosystem.
Muhammadiyah withdrew trillions of rupiah from Bank Syariah Indonesia. It was the accumulation of various problems, from operational matters to appointment of commissioners.
The government grants mining concessions to religious organizations. What are the considerations behind the policy?
The Public Housing Savings program will only burden workers and companies. It is a way for the government to evade its responsibility to provide people’s housing.
Workers and entrepreneurs consider that the Tapera policy overlaps with the MLT program. Developers continue to benefit from both programs.
There is no possibility for Prabowo to go on a spending spree during his presidency. Debt repayment liabilities will shackle him.
The National Police denied any role of the former Red and White Task Force with the shadowing of the Assistant Attorney General for Special Crimes Febrie Adriansyah. Police 2nd Brig. Iqbal Mustofa is not punished.
The rotation scene for Assistant Attorney General position is heating up ahead of the presidential inauguration. Candidates for Attorney General cannot come from political party officials.
One of the men who stalked the Assistant Attorney General is from the counterterrorism unit under the former Red and White Task Force. The operation is suspected to suppress the investigation of high-profile cases.
Mohammad Nuh, chairman of the Forum for Boards of Trustees of Legal Entity State Universities, explains the polemic over the single tuition fee (UKT).
State losses due to the trade of protected wildlife amounts to Rp13 trillion annually. These animals are being pooled in Makassar, South Sulawesi.
Education Minister Nadiem Makarim has a design for universities to be able to independently fund higher education. He does not care about sky-high fees.
Prospective university students are backing away because they are unable to pay tuition fees. Some tuition reductions fail to make much of a difference.
Minister of Education Nadiem Makarim allegedly approved the recent increase in university tuition fees. It is considered to be an effort to commercialize education.
The Directorate-General of Law Enforcement at the Environment and Forestry Ministry prepares forced auctions on companies responsible for environmental damages.
Syahrul Yasin Limpo is alleged to have taken money from Agriculture Ministry officials. Those paying the money must also be held responsible.
Starlink starts to enliven the competition in the provision of internet services. There must be no protectionism that disadvantages the public.
Press freedom is increasingly in peril in the end of Jokowi’s term of office.
Constitutional Court’s Ethics Council Chair I Dewa Gede Palguna on his stance rejecting a revision to the Constitutional Court Law.
Syahrul Yasin Limpo denied ordering his subordinates to collect tributes. The money was used for the personal interests of his wife and children.
Agriculture Ministry high-ranking officials routinely took up collections to raise money for Syahrul Yasin Limpo from 2020 to 2023. They often used the treasurer’s cash account.
Democracy requires opposition so that government policies can be kept in check.
The fintech lending business is increasingly losing steam. Returns continue to decline while fund owners are opting for other investment portfolios.
Indonesia's economy poses some hurdles in continuing its growth trajectory. Political transition adds uncertainty.
Pollution from the Ombilin PLTU in Sumatra is a threat to the environment and human health. It is being addressed using a bogus energy transition solution.
Hundreds of electronic surveillance devices entered Indonesia from 2019 to 2021. One company is connected with the Israeli manufacturer of the Pegasus device.
Indonesia was one of the biggest importers of electronic wiretapping equipment from 2019-2021. This equipment is being used by various state agencies.
The OJK decides on stricter supervision and capital requirements for banks, a shock absorber for the financial system but a stranglehold on small banks.
Robert Bonosusatya denies involvement in the Bangka Belitung tin corruption case. He often discusses tin business with other entrepreneurs.
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