Month: January 2024

KPK Lost Pre-Trial, Again

In the midst of the successive attacks that were leveled at the Government, several parties used this opportunity to complain about several allegations of corruption. This is of course a very common thing, but it becomes unusual when the reported problem involves parties who have prolonged legal problems and the other party involved in this case is an admired figure. This is what happened when the Corruption Eradication Commission (KPK) received a report regarding alleged corruption carried out by the former Deputy Minister of Law and Human Rights, Eddy Hiariej. Eddy, who was at the peak of his career, was made a suspect not long after, but he fought back. This resistance bore fruit, at least for now, after Eddy’s pre-trial lawsuit was granted by the South Jakarta District Court.

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Ten years of Jokowi: Back to square one!

Transparency International has just released its 2023 corruption perception index (CPI), where Indonesia ranked 115 in the world, significantly worse than 2014 when Jokowi entered the office (107). Indonesia’s score for 2023 was 34, similar to 2014. So, when it comes to eradicating corruption, Jokowi is considered worse than his predecessors.

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Losing Momentum

The Coordinating Minister for Politics, Law & Security Affairs Mahfud MD told the press on Tuesday (Jan. 30) that he met with the Minister of State Secretary Pratikno on Monday (Jan. 29) night, in which he requested for a meeting with President Joko “Jokowi” Widodo. Mahfud, who is running in the 2024 presidential race as running mate of Ganjar Pranowo, hinted that he wants to tender his resignation directly to the President.

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Palm Oil Trades Lower

Malaysian palm oil futures fell over 1%, hovering below MYR 3,970 per tonne and slipping for the first session in four amid weakness in rival edible oils. The contracts retreated from a more than nine-week peak of over MYR 4,000...

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Dollar Index Hits 6-Weeks High

The dollar index edged higher to 103.7, a level not seen since mid-December, as traders await the Fed’s monetary policy decision on Wednesday. The Fed is set to keep interest rates steady but the focus will be on any...

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