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The Nusantara Capital City (IKN) Authority has claimed huge investment interest from the private sector to invest in the capital city within the next two years, but businesses said they were actually taking a gamble by grabbing land in the capital city and would not really invest until a new government was formed after next year’s elections.
Kaesang Pangarep, President Joko “Jokowi” Widodo’s youngest son, is planning to embark on a political career, following in the footsteps of his father, older brother Gibran Rakabuming Raka and brother-in-law Bobby Nasution.
Indonesia’s discussion with electric automaker Tesla made headline again last week as Bloomberg reported that the two are closing in on a deal. However, Tesla’s CEO Elon Musk was quick to respond via his recently-acquired Twitter cautioning against citing “unnamed sources” as they are frequently false.
The government has finally admitted that 12 incidents or tragedies that happened in the past amounted to gross violations of human rights, but short of offering an apology, President Joko “Jokowi” Widodo last week expressed regret and promised restitutions for the victims.
Rice prices continue to increase in the beginning of the year despite controversial late importation of rice and market intervention by the State Logistics Agency (Bulog). Learning from the persistent price increase of rice, the National Food Agency (NFA) has tasked Bulog to conduct year-long market intervention to keep prices of this politically sensitive commodity in check.
The Indonesian Democratic Party of Struggle (PDI-P) may have come out at the top in the last two general elections, but whether it can score a hat-trick in 2024 depends on whether it is fielding a strong presidential candidate who can help it win the votes.
Troubled-ridden flag carrier Garuda Indonesia completed its massive debt restructuring, allowing the company to turn around to profit last year, after massive losses in the past few years, and its stock resumes trading in the Indonesian Stock Exchange beginning this week after being suspended for the past six months.
President Joko “Jokowi” Widodo presented a new year gift in the form of a government regulation in lieu of law (Perppu) on job creation. Signed on Dec. 30, 2022, Perppu No. 2/2022 replaced the Job Creation Law that in late 2021 was declared conditionally unconstitutional by the Constitutional Court (MK) and therefore had to be revised within two years in a process that must include meaningful public participation.
