Friday, June 28, 2024 | 23:31 WIB

HEADLINE

GOV’T ISSUES EMERGENCY REGULATION ON JOBS LAW: What does it mean to the Employment Sector?

As 2022 has come to an end, the Government gave the Indonesian legal sector a surprise “end of year gift” in the form of the polemical Government Regulation in Lieu of Law (Perppu) 2/2022 dated December 30, 2022 pertaining to Law 11/2020 on Job Creation. The Government claimed its issuance has met the “compelling emergencies” criteria. 

PARTY SURVIVAL AND ELECTORAL SYSTEM – The pressures on Indonesia’s democracy

“There is a possibility, I dare not speculate yet, to return to a closed-list proportional electoral system,” said General Elections Commission (KPU) chairman Hasyim Asyari at the 2022 end-of-year review at KPU office, Jakarta, Thursday (29/12/2022). 

INDONESIA OUTLOOK 2023 Slowing down an Economic slowdown

The global economic recovery from the impact of the Covid-19 pandemic is facing a “stumbling block” as the Russia-Ukraine war, which started on February 24, continues to rage. The war has sparked soaring energy and food commodity prices and hindered economic recovery. Before the war, global crude prices had been on the rise, as the global economy began to rebound from the pandemic, pushing up demand. Russia’s invasion of Ukraine drove prices even higher with Brent crude zooming past US$105 per barrel on February 24, shortly after Russia attacked Ukraine, while WTI hit US$103 per barrel on March 1. 

REFORMULATION OF NATIONAL RICE POLICY Indonesia promotes self-sufficiency but continues to import

Indonesia has not imported rice (medium grade) for three years (2019- 21). This is an achievement in itself, as the recognition from the International Rice Research Institute (IRRI) on August 14 showed. But now Indonesia has turned into an object of ridicule, due to the government’s decision to import 500,000 tons of rice at the end of 2022. It’s easy to see why this policy sparked controversy. Many parties now even doubt the claim that Indonesia has been self-sufficient in rice. There are also those who suspected the import decision may be a covert attempt to raise fresh funds for the upcoming elections. 

INDONESIA HOME TO LARGE GOLD RESERVES Looks Forward to a Bullion Bank

On several occasions, the Coordinating Economic Ministry has expressed its intention to create a “bullion bank”, a facility offering all types of gold or silver transactions, including services for exporting and importing as well as serving as a depository for precious metals. The Bank is expected to manage the ever-increasing transactions of gold and gold derivatives in Indonesia. This potential can be appreciated from the gold consumption trend and Indonesia’s gold mines, among the largest in the world. 

INDONESIA’S HEALTHCARE Towards a Sustainable Insurance Program

The reform era created momentum that led to four amendments to the 1945 Constitution. In the second amendment, healthcare is provisioned for as a constitutional right of all Indonesian people. Article 28H(1) stipulates that every citizen has the right to live healthily and receive healthcare services. 

INDONESIA’S G20 PRESIDENCY Between Hope and Reality

“Today, the world’s eye is on us. Will we manage to achieve success? Or will we add one more failure? For me, the G20 must be successful, it must not fail.” That’s the powerful remarks delivered by President Joko “Jokowi” Widodo in an opening speech of the G20 Summit in Nusa Dua, Bali, Tuesday (15/11). 

INDONESIA IN MASS LAYOFFS What’s next for employees?

Being young and educated in 2022 is not easy. For instance, a young guy out of college in his productive age who is currently seeking employment has competition from 3.5 million other “new workers” each year. At least until the “Indonesian demographic bonus” comes to an end, this sustained expansion of the labor force is expected to continue. The issue is that the enormous supply of domestic employees exceeds the capacity of the labor market. Mass layoff reports from businesses in the processing sector have been common for months. 

INDONESIA LINKS MEDICINAL SYRUPS TO CHILD DEATHS: Who’s to blame?

Indonesia is currently facing a growing public health crisis. As of October 21, the Health Ministry have recorded 241 cases of atypical progressive acute kidney injury (AKI), also known as acute renal failure (ARF), among children – most of who were aged under five – in 22 provinces. Tragically, 133 (55 percent) of them have died. 

RECESSION ON THE WAY: What does it mean and how to survive?

No later than 2023, a global economic recession is predicted. Food price inflation is a problem in many nations, and the post-pandemic recovery is undoubtedly sluggish. According to the Conference Board, a recession will most certainly start anytime in the next 12 months, by October 2023 at the latest. The likelihood of an economic recession has increased due to a significant slowdown in global economic growth and monetary tightening. 

THE NEED TO REFORMMaking Indonesia’s National Education system work

Good governance is key to the overall success of an educational system, but is often neglected in our daily discourse, because it is dismissed as a less “sexy” issue. More often than not, we are more interested in talking about a lofty vision, mission, and goals for national education. In fact, predictably grandiosely-formulated vision, mission, and goals cannot be implemented properly if the management on the ground is poor, often prompting derisive remark “No Action, Talk Only.” That is why this Article seeks to discuss educational issues from a governance perspective. 

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