Day: January 18, 2024

BI Holds Rates at 6%

The Bank of Indonesia (BI) held its interest rate unchanged at 6% for the third consecutive meeting in January 2024 to ensure inflation stays within the central bank’s 2.5±1% target range in 2024 while supporting economic...

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SAP SE and Corruption in Indonesia (2)

Towards the end of last week, the Office of Public Affairs of the US Department of Justice (DOJ) announced that SAP SE (ETR: SAP), a publicly traded global software company based in Germany, entered into a three-year deferred prosecution agreement (DPA) with the department. SAP’s resolution with the department stems from bribery schemes involving government officials in South Africa and Indonesia and several other countries.

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Key Battleground Provinces: Central Java (2)

In the previous installment of the article, we’ve predicted that the competition in Central Java, especially between Ganjar Pranowo-Mahfud MD and Prabowo Subianto-Gibran Rakabuming Raka in 2024 race might be more exciting to watch following President Joko “Jokowi” Widodo’s political break-up from the ruling party PDIP. Litbang Kompas, the research division of Kompas, the largest newspaper in Indonesia, has just released the results of its survey, in which they indeed found a tight competition between Ganjar-Mahfud and Prabowo-Gibran in Central Java.

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