Author: yosefardi.com

COVID-19 Situation Report: Dec. 4

Indonesia’s COVID-19 Mitigation Task Force (Satgas Covid) reported 5,803 new daily cases on Dec. 4, significantly lower than the record-breaking 8,369 new cases reported yesterday. With 3,625 reported cured and 124 dead, the tally of active cases for Dec. 4 is 80,023, up from 77,969 yesterday. Meanwhile, the number of suspect cases nationwide is 69,016.

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Oil Rises More than 1%

Oil prices jumped more than 1% on Friday after OPEC+ on Thursday decided to slash output by 7.2 million bpd from January. The decision is an improvement from earlier calls within the organization to raise output by 2 million...

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The 212 Reunion & the 2024 Race

The PA 212, a hardline Muslim group wherein Rizieq Shihab serves as its supreme leader, held a virtual 212 reunion event on Dec. 2. The former Military (TNI) Commander General (retired) Gatot Nurmantyo and the other key leaders of the so-called Coalition to Save Indonesia (KAMI) were also present in the event. The participants talked about, among others, the 2024 presidential race.

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The Next Job Rotation & the Police Chief Race

The National Police Commission (Kompolnas) stated that it had not yet submitted the names of police chief candidates to President Joko “Jokowi” Widodo. In the meantime, we’re still waiting for a police job rotation that could give a clearer picture of the race to become the next chief of the National Police (Kapolri).

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Latest on the Water Supply Bribery Case 

Two years ago the Corruption Eradication Commission (KPK) conducted a Sting Operation and uncovered a vast corruption scheme involving civil servants under the Ministry of Public Works and Public Housing. The scheme related to the construction of dozens of Drinking Water Supply System (SPAM) projects, conducted across Indonesia. All suspects were convicted by mid-2019, but the KPK did not stop investigating. On September 25, 2019, the KPK named two new suspects in the case, including the member of the Supreme Audit Agency (BPK) one Rizal Djalil. Recently the KPK resume the process and we finally learn more details on the development of investigation.

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Latest on the Battle Against the Perpetrators of Forest Fires

The forest fires in 2014, 2015 and 2019 resulted in losses and casualties. It even caused problems in neighboring countries that forced the Government to respond aggressively. The number of suspected perpetrators being tried in court has increased dramatically within the past four years and the process is still ongoing. The Government can be said to be successful because it won many major lawsuits against corporate suspects. Nevertheless, the execution process on legally binding verdicts still faces problems.

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Market Snapshots

Global stock markets mostly closed in red on Thursday (Dec. 3). Investors digested key Purchasing Managers’ Index (PMI) data and positive coronavirus vaccine news. United States (US) stocks closed mixed yesterday and cut earlier gains after Dow Jones reported Pfizer is cutting its coronavirus vaccine rollout plan for this year due to supply chain issues. Pfizer now expects to ship half of the doses it had previously planned after finding raw materials in early production that didn’t meet its standard. 

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Policies Issues to Watch

The Government, through the Finance Ministry, plans to implement a progressive export levy on crude palm oil (CPO) from the previous maximum of US$55 a metric ton (MT) of CPO to $180 per MT of CPO. This policy aims to maintain the sustainability of the mandatory 30% biodiesel-used (B30) following the increase in world palm oil prices.

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