Month: March 2024

Parliamentary Threshold and Democracy

Last week, the Constitutional Court once again made a decision that attracted public attention. After several months of examination of the application for Judicial Review submitted by the Association for Elections and Democracy (Perludem), the court decided that the parliamentary threshold provision of 4 percent which had been used as a condition for the political party to enter the House of Representatives must be revised. That said, before the 2029 election, the Constitutional Court asked lawmakers to recalculate and set the correct threshold number. Through several considerations, this decision can be understood, but on the other hand, many questions arise. The provisions regarding the parliamentary threshold have been repeatedly changed, but this is not the case with the presidential threshold provisions. Of over thirty Judicial Review applications submitted to the Constitutional Court regarding changes to the presidential threshold, all were rejected. Why is that?

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KPPU Latest Investigation

In at least the last six months, various information regarding the scarcity and shortage of rice commodities in the retail market, which of course is accompanied by a surge in rice prices, has caused anxiety to the people. This situation is made worse by allegations that the shortage and surge of prices are caused by the political games of the authorities, considering that this coincides with the 2024 election process. Last week, the Business Competition Supervisory Commission (KPPU) finally stepped in and conducted a Focus Group Discussion (FGD) with various stakeholders and formed a team that will carry out further investigations.

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Controversy on Sudden Increase of PSI’s Votes

The Coalition of Civil Society shares their concern on the sudden increase of votes from the Indonesian Solidarity Party (PSI), a small party led by President Joko “Jokowi” Widodo’s youngest son Kaesang Pangarep, in the real count conducted by the General Election Commission (KPU) in the last few days. Similar concerns are also shared by politicians from the other parties.

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FY/23 Results: Plantations

Plantation firm London Sumatra Plantations (LSIP), controllled by Salim Group, booked net profit of Rp762 billion in 2023, declined 26% year on year (y/y), due to lower revenue and operating income, also higher expenses.

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FY/23 Results: Adaro Group

Shares of coal miner Adaro Energy Indonesia (ADRO), owned by, among others, Garibaldi ‘Boy’ Thohir (brother of Erick Thohir, minister of state-owned enterprises), opened higher by 1.6% to Rp2,450 this morning to make a market capitalization of Rp78 trillion as investors responded positively the company’s performance last year.

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