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Latest Reports Politics
On 7 November 2022 Indonesia Investments released the October 2022 edition of its monthly report. Our report presents in-depth and independent analyses of a range of economic, political and social subjects that have been in the news in the month of October 2022.
If, indeed, the capital city of Indonesia will be moved away from Jakarta (Java) to the North Penajam Paser Regency and (partly) the Kutai Kartanegara Regency (in East Kalimantan) then Indonesian President Joko Widodo’s name will forever be linked to the new capital city as he was the one who initiated this huge project.
On Thursday (6.01.2022) Indonesia Investments released the December 2021 edition of its monthly report. This report discusses a range of subjects - related to political developments, the economy and social matters - that were important and influential issues in Indonesia in the month of December 2021.
On 31 October 2021, Indonesian President Joko Widodo was handed a hammer by Italian Prime Minister Mario Draghi. And it was a hammer and transaction with great symbolic value because it symbolized the transfer of the Group of Twenty (or G20) presidency from Italy to Indonesia.
On 07 June 2021 Indonesia Investments released its new report, titled Road to Net Zero Emissions. In this report we discuss a selection of relevant topics (related to politics, the economy, and social matters) with a special emphasis on how political, ideological, and socio-economic developments in the West impact on Indonesia. One might wonder to what extent does Western imperialism in Asia continue up to the present day?
On Monday 04 January 2021 Indonesia Investments released its December 2020 report. The report zooms in on the key economic, political and social events that occurred in Indonesia in the month of December 2020. Special attention is given to Indonesia's 2020 regional elections, the latest cabinet reshuffle, and the electric vehicle.
On 22 December 2020 Indonesian President Joko Widodo announced that several ministers in his Onward Indonesia Cabinet (in Indonesian: Kabinet Indonesia Maju) were replaced in order to improve the performance of the cabinet. This message was no surprise as rumors about an upcoming cabinet reshuffle had grown increasingly strong over the preceding week.
In recent times, almost each year can be labelled a ‘political year’ for Indonesia as a big number of elections – regional or central – need to be organized. While the year 2020 is not as big in terms of political elections compared to 2019 (when Indonesia’s presidential and legislative elections were held) it is still an important year as some 100.3 million Indonesians were eligible to vote in the 2020 regional elections.
On 11 September 2019, Bacharuddin Jusuf (B.J.) Habibie passed away at the respectable age of 83 at the Gatot Subroto Army Hospital in Central Jakarta. By the end of his life B.J. Habibie had become a true statesman, respected across Indonesia, and therefore the central government immediately declared three days of national mourning shortly after his passing. This means that the Indonesian flag (merah-putih) is positioned at half-mast during the three days following his death (12-15 September 2019).
On Thursday (8/08) Indonesia Investments released the July 2019 edition of its monthly research report. The report aims to inform the reader of the key political, economic and social developments that occurred in Indonesia in the month of July 2019 and also touches upon key international developments that impacted on the Indonesian economy.
Latest Columns Politics
A shock wave went through Indonesia's financial markets on Friday (14/03) after 15:00 local Jakarta time, when it became known that Joko Widodo (popularly known as Jokowi) is joining the presidential race for the July 2014 election. Moreover, he can count on full support from the Indonesian Democratic Party of Struggle (PDI-P), one of Indonesia's largest political parties, led by chairwoman Megawati Soekarnoputri. Few people doubt that Jokowi - current Governor of Jakarta - will be elected as the next president of Indonesia.
After months of uncertainty and speculation, Governor of Jakarta Joko Widodo (popularly known as Jokowi) has finally declared to run for the Indonesian presidency in the presidential election scheduled for 9 July 2014. Jokowi is backed by the Indonesian Democratic Party of Struggle (PDI-P), one of the largest political parties in Indonesia, led by chairwoman Megawati Sukarnoputri. On Friday (14/03), Megawati released a statement in which she announced to fully support Jokowi in the upcoming elections.
Fitch Ratings, one of the three major global credit rating agencies, estimates that Indonesia's current account deficit will reach USD $27.4 billion, equivalent to 3.1 percent of the country's gross domestic product (GDP) in 2014. As such, Fitch Ratings' forecast is more pessimistic than forecasts presented by both Indonesia's central bank (Bank Indonesia) and government. Both these institutions expect to curb the current account deficit below the three percent of GDP mark (a sustainable level). Global investors continue to carefully monitor the deficit.
With Indonesia's presidential election approaching (9 July 2014), investors - both domestic and foreign - have become more hesitant to commit to large investments, instead preferring to wait for the election results first. Obviously, investors want to see a 'market friendly' president to lead Southeast Asia's largest economy for (at least) the next five years; a ruler who can safeguard a conducive investment climate. For the Indonesian people, a just ruler is needed; one who can improve Indonesia's political and social issues.
Late on Tuesday evening (13/08), the Corruption Eradication Commission (KPK) arrested Rudi Rubiandini, head of the Upstream Oil and Gas regulatory special task force (SKK Migas) for allegedly accepting bribes amounting to USD $400,000 from Kernel Oil Pte Ltd, which is headquartered in Singapore. Four other people were also arrested in connection with this case. Rubiandini is currently being questioned by the KPK. The institution has one day to determine Rubiandini's legal status.
Although Indonesia’s next presidential election will be held in mid-2014, Aburizal Bakrie already announced in 2012 that he would run for the presidency on behalf of the Golkar party, one of the leading political parties of Indonesia and once the strong political vehicle of Suharto during the New Order regime (1965-1998). However, Bakrie, chairman of Golkar and often referred to by his nickname 'Ical', is one of the most controversial figures in modern Indonesian politics and business.
Yesterday Lembaga Survei Indonesia (LSI), a leading Indonesian public opinion research institute, published the result of a survey that indicated Megawati Soekarnoputri is leading the poll to become the country's next president in 2014. In the survey she is closely followed by Aburizal Bakrie and Prabowo Subianto. This preliminary result can be regarded negative as these names are 'products' of the old regime and thus will not support further democratization.
Just a few years ago, Susilo Bambang Yudhoyono's Democratic Party (in Indonesian Partai Demokrat or PD) enjoyed huge popularity among Indonesia's population. More than one fifth of the electorate voted for the 'Democrats' in the 2009 parliamentary election, a notable achievement in Indonesia's pluralistic society. In particular, the party's hard stance towards corruption was likened by the people. Now, however, the party crumbles under its own weight.
Next year, Indonesia will have new parliamentary and presidential elections. Now already, these elections are highly relevant as political parties need to find ways to gain popular support and need to look for the right presidential candidates. Political parties or coalitions of political parties that receive at least 20 percent of the votes during the parliamentary election, are allowed to nominate a presidential candidate. Thereafter, a presidential election - in which a few candidates participate - will decide the next Indonesian president.
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