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.
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.
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.
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.
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.
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.
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.
A number of policies from Minister Sakti Wahyu Trenggono are riddled with conflicts of interest. They benefit his son, Indra Trenggono.
There are indications that the selection of the KPK leadership for the 2024 to 2029 period is in breach of a Constitutional Court ruling. The process needs to be rerun.
Jokowi is like a king reluctant to relinquish his crown. Nearing retirement, he is still trying to improve his image.
A reader’s letter suggests authorities seek ways for safe and efficient logistics transportation, in order to minimize traffic accidents.
Farwiza Farhan, the winner of the 2024 Ramon Magsaysay award talks about conservation of the Leuser Ecosystem in Aceh.
The KPK Leadership and Supervisory Board Selection Committee claimed to have followed procedures, and Jokowi reportedly did not intervene.
Magnus Ekbom stepped into a meeting room in a building on Jalan Rasuna Said in Kuningan, where the e-commerce company has just moved its offices a few months ago to accomodate his growing team.
At the helm of Lazada since 2012, Ekbom has ushered the online shopping platform to be the biggest in Indonesia. But he is not planning to take a breather just yet. For Ekbom, running an e-commerce company is like running in a marathon. "And we're only in the first couple of kilometers down the line," he said.
Various parties from the National Police Chief to the State Palace are accused of interfering in the KPK leadership candidates selection process. The candidates are divided into four clusters.
Tempo’s interview with Minister of Communication and Informatics Budi Arie Setiadi about Jokowi’s campaign before the end of his tenure.
As President Jokowi's term neared its end, instructions were given to promote the government's achievements, and billions of rupiah in contracts were offered to the media.
Jakarta governor and deputy governor candidates promise improvements in inclusive public transportation.
Supreme Court Chief Justice Muhammad Syarifuddin uses artificial intelligence to handle cases. Case brokers continue to be a threat.
Media companies are experiencing upheaval due to the rapid changes in the business landscape. The industry is moving towards a new equilibrium.
Using a variety of pretexts, the political parties replace elected legislative candidates. This is a betrayal of the people’s choice.
Hendra Sabarudin’s drug network distributed methamphetamine from Tarakan prison starting in 2017, allegedly aided by police and prison guards.
The government plans to dredge 17.6 billion cubic meters of sea sand and sediment, altering the landscape and destroying marine life.
The government designated a number of areas as zones for cleaning sediment and sea sand.
Anindya Bakrie ousts Arsjad Rasjid from the position of General Chair of the Indonesian Chamber of Commerce and Industry (Kadin). The Palace’s support shifted.
Anindya Bakrie ousted Arsjad Rasjid as the Chair of the Indonesian Chamber of Commerce and Industry (Kadin). The organization is becoming like a political party and enjoys large funds coming in from overseas.
Gubernatorial candidates are trying to win over the votes of Anies Baswedan supporters in the Jakarta regional election. Jokowi reportedly shifted his support.
Pramono Anung and Ridwan Kamil shed light on the dynamics surrounding their appointments as Jakarta gubernatorial candidates.
Police uncover baby trafficking syndicate operating in Java-Bali since 2023. Five babies were already sold.
News summary on the conflict of interest of KPK leadership candidates and 44 ministries in Prabowo’s government.
Commission III of the House of Representatives rejected all the Supreme Court judge candidates proposed by the Judicial Commission. The rejection allegedly was due to their favored candidate failed to pass.
The Indonesian Democratic Party of Struggle (PDIP) strives to counter candidates supported by the Palace. It is an early projection for the 2029 General Elections.
BRIN is designing the Peluit-40 nuclear reactor to replace diesel power plants, claiming it to be safer.
The Bocor Alus Politik podcast receives the Udin Award that we dedicate to our viewers and readers.
An exclusive Tempo interview with Anies Baswedan regarding his chances to run in the Jakarta regional head election.
Jokowi and Prabowo’s coalition are maneuvering to thwart Anies Baswedan’s candidacy in the Jakarta regional head election. Cabinet posts are being offered as inducements.
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.
Victims of human trafficking for online gambling and scamming in Cambodia claimed of being forced to work 12-hour shifts and being beaten. Recruitment is still ongoing.
The battle in the presidential election is set to continue in regional head elections. The PDI-P is determined to challenge President Joko Widodo’s candidates.
Personal protective equipment corruption suspect, Budi Sylvana, denied inflicting up to Rp300 billion of losses to the state. He revealed the roles of other officials in the case.
Muhammadiyah follows Nahdlatul Ulama’s step to accept mining concession offer from the government. Muhammadiyah General Chair Haedar Nashir explains about it.
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.
Muhammadiyah cadres and administrators are divided in their response to the mining concession. There are whispers from the government and the entrepreneurs.
Retno Marsudi dismissed the idea that the government is merely meddling foreign affairs. She emphasized that Indonesia is a trusted partner on the international stage.
Chair of IDI, Mohammad Adib Khumaidi, discusses the polemic over the plan to allow foreign doctors to practice in Indonesia. He emphasizes stringent regulations are necessary.
Communication and Informatics Minister Budi Arie explains the cyberattack on the Temporary National Data Center. He dismisses allegations of negligence.
Infinite Earth responds regarding the revocation of Rimba Raya Conservation’s ecosystem restoration permit.
There will be a wave of layoffs at Tokopedia as a result of inefficient practices. This is the result of government policy rife with conflicts of interest.
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 founders of GoTo and Tokopedia sold their shares. New investors now have control of ownership.
Tokopedia made significant cuts in its workforce following its business consolidation with TikTok. A consequence of inefficient business operation.
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.
Communication and Informatics Minister Budi Arie Setiadi talks about the polemic over the planned revision of the Broadcasting Law and the Starlink Internet service.
Narendra Modi is likely to serve his third term as the Prime Minister of India. His campaigns are based on populism and religion.
The fintech lending business is increasingly losing steam. Returns continue to decline while fund owners are opting for other investment portfolios.
Tourism and Creative Economy Minister Sandiaga Salahuddin Uno assures that the tourism fee will not be imposed on plane tickets.
The Constitutional Court rejected lawsuits disputing the results of the 2024 presidential election. The option of disqualifying Gibran was discussed in a meeting of the judges.
Foreign Affairs Minister Retno Marsudi explains the Gaza war and the Iran-Israel conflict with its impact on Indonesia’s economy.
Islamic boarding schools (pesantren) cannot be closed even if they do not have a license from the government. There is no protection from the Ministry of Religious Affairs if legal problems arise.
The Rabithah Alawiyah organization is in charge of recording and preserving the line of descent of the Alawiyyin in Indonesia. Seven books from Yemen serve as their guide.
Several companies are applying for permits to utilize sediment, including sea sand. Large corporations use landfills for land reclamation areas.
Indigenous people are taking legal action against the President and the DPR for delaying deliberations of a bill. It has taken second place to the interests of investors.
State banks stop distributing loans to state construction companies. Government assignment projects are burdening banks.
The government opens the option of switching energy subsidies for the free lunch program. This threatens poor households.
The government issues a regulation to develop the game industry. There will be a special funding agency.
Discussions of the Asset Recovery Draft Law is stagnating in the DPR. It is key to preventing money laundering.
TikTok Shop’s acquisition of Tokopedia changes the Indonesian business map. It is not clear how small and medium enterprises will be protected.
The prosecutor persists in filing a cassation against the acquittal of Haris Azhar and Fatia Maulidiyanti. It is a threat to the freedom of expression.
GoTo CEO Patrick Waluyo reveals the story behind the selling of Tokopedia shares to TikTok. How much profit did GoTo get?
The integration of TikTok Shop with Tokopedia will reinforce GoTo’s business. Indonesia’s e-commerce competition landscape is changing.
The presidential and vice-presidential candidates are relying entirely on gimmicks to exploit the emotions of the people. This moves the campaign away from substantive discussions.
Do the presidential candidates succeed in attracting young voters with social media gimmicks?
Budiman Sudjatmiko persuades other activists to support Prabowo Subianto. He claims he is not motivated by money.
How does the Indonesian Solidarity Party get its funding? Is the aid from conglomerate bosses like Djarum’s owner true?
Presidential Chief of Staff Moeldoko is writing regarding his alleged interference in electric vehicle policy over Wuling’s SNI certification.
Post-Firli Bahuri, the Corruption Eradication Commission (KPK) is still walking backward toward its grave. A radical reform is needed.
The presidential candidates’ campaign teams are an illustration of the type of government they would form if elected. Businesspeople have a central role.
The Corruption Eradication Commission is no longer independent ever since it became part of the executive body. The fruit of the revised KPK Law.
In Indonesia, presidential candidate debates are planned as bogus performances. There is no in-depth discussion of the issues.
Yet again, a member of the Supreme Audit Agency is involved in corruption. The system for selecting these state auditors is very poor.
Judicial Commission Chairman Amzulian Rifai explains the boundaries of his authority in dealing with judges, and the Judicial Commission Bill.
Sandiaga Uno and Garibaldi Thohir’s company is in conflict with local miners. The amount of compensation is considered inadequate.
Having no democratic legitimacy, Gibran Rakabuming Raka must withdraw his candidacy for the vice-presidency.
Tempo's special interview with MKMK Chairman Jimly Asshiddiqie regarding the dismissal of Anwar Usman as Chief Justice of the Constitutional Court.
The program to put coal-fired power plants (PLTU) into early retirement is hampered by funding problems. As grants are stuck, the state budget must be disbursed.
Nepotism is the close relative of corruption and dictatorship. The Indonesian Independence Proclamation places nepotism as a threat to independence.
Constitutional Court Chief Justice Anwar Usman is reportedly maneuvering to lower the minimum age limit for presidential and vice-presidential candidates, paving the way for Gibran.
The Constitutional Court reportedly already made a decision in favor of a lawsuit regarding the minimum age requirement for presidential and vice-presidential candidates. The issue is rife with conflicts of interest.
Carbon trading is simply a way to mitigate climate change. The main aims are the energy transition and environmental protection.
The Indonesian Stock Exchange established four carbon trading mechanisms. There were 27 transactions in three schemes in the initial sale.
Presidential candidates’ supporters are creating unfavorable atmosphere in the build-up to the 2024 general elections with them more inclined to speak about rivals’ weaknesses than promoting their champions’ profiles.
The 2024 presidential candidates are competing to garner support from retired generals. This perpetuates the militaristic nature of Indonesian politics.
The plan from the OJK to introduce carbon units as securities could lead to problems. Carbon trading no longer means a reduction in emissions.
The three soldiers who allegedly killed a civilian should be tried in a criminal court. The Military Courts Law needs to be revised.
The OJK regulates carbon exchanges as a securities trading platform. How will the OJK prevent greenwashing in the carbon exchange?
The news in our media is problematic. Why is that?
Voluntary carbon trading has stopped since 2021, due to upside down policies.
Individuals and companies are already implementing carbon trading in the voluntary market. But no price standard has been set.
News summary, from the dismissal on Budiman Sudjatmiko to Food Estate.
Former Director-General of Mineral and Coal, Ridwan Djamaluddin, is named as suspect in the Mandiodo Block nickel corruption case.
Why did the prominent figures from Papua fail to bring the Papuans to support the Republic of Indonesia?
The government faces difficulties accommodating kidney donors and recipients. The need for kidney donors is high, but the supply is very limited.
The police exposes Indonesian kidney trafficking network in Cambodia. The victims are enticed through social media.
Indonesia finished whole-genome sequencing of the SARS-CoV-2 virus circulating in the country. Virus samples from Indonesian patients indicate they are part of the dominant group globally.
Tempo’s Film Selection of 2023 created seven categories for the selected films.
Stock market enjoyed a bull run in 2023. Investors bet on a frayed assumption: six times rates cut in 2024.
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