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The Medan Election: Political Breakups & Polling War

The city election of Medan, the capital city of North Sumatera province, is another regional election that is important to watch because the son-in-law of President Joko “Jokowi” Widodo Bobby Afif Nasution will compete against the incumbent candidate in the race. The race is heating up lately with political breakups among the supporters of both contenders.

Business

Corporate Actions

The Vice Minister of State-Owned Enterprises (SOEs), Kartika Wirjoatmodjo, recently said that PT Dayamitra Telekomunikasi (Mitratel), subsidiary of state telco operator Telekomunikasi Indonesia (TLKM) Telkom, was considering listing its shares at Indonesia Stock Exchange (IDX). There is no further detail on the targetted initial public offering (IPO) time of the telecommunication tower leasing provider.

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BoJ Offers Slightly More Upbeat View of Economy

The Bank of Japan kept its key short-term interest rate at -0.1% and maintained the target for the 10-year Japanese government bond yield at around 0% during its September meeting, by an 8-1 vote. The decision came hours after...

BoE to Hint at More Stimulus

The Bank of England will likely leave the bank rate at a record low of 0.1% on Thursday and the size of its bond-buying program at £745 billion. Although no action is seen in the September meeting, the central bank is expected...

Bank Indonesia Holds Rates for 2nd Month

Bank Indonesia held its 7-day reverse repurchase rate at 4 percent during its September meeting, leaving borrowing costs unchanged for a second time, as policymakers aim to maintain the rupiah stable and to support growth amid...

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Profiles

On Joker’s Case: Where Are We Now?

The September 12, 2020 edition of TEMPO Magazine published several investigative reports related to the examinations of bribery related to Joko Tjandra. TEMPO claims that it has the examination documents in the inquisition process for suspect Pinangki Sirna Malasari, who at the time of the incident is a Prosecutor at the Attorney General's Office (AGO). The reports also conveyed some information regarding other suspects and various details of the plans made by the parties and those who are suspected of providing assistance to Joko, including conglomerate Surya Darmadi. Surya Darmadi is now listed as a fugitive and wanted by the Corruption Eradication Commission (KPK). In general, the TEMPO report connects several missing links, but there are still many obscure questions. 

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