President Jokowi vs. Pertamina’s President Director: which one is correct about oil & gas imports?
IO - President Jokowi is fretting as he ponders recent economic developments. The President’s cabinet received a strong reprimand and instruction to immediately improve.
Why not! The current
account deficit is increasing from year to...
Fragile economy? Jokowi promises “crazy” policies
IO - The title for this article is taken from the episode title of the Indonesia Business Forum talk show, broadcast in TVOne on 3 July. The title aroused varied reactions among the people,...
Continued economic issues will culminate with the collapse of the 2019 State Budget
IO - It will be very hard for Jokowi’s Government to save the 2019 State Budget. This is not just because of the transition period that we are having due to the 2019 Elections,...
Chronic deficits threaten economic sovereignty
IO -
The
Current Account Balance began to experience a deficit since the fourth quarter
of 2011. This deficit has continued to the present. Even the current account
deficit of 2018, is getting bigger, reaching 31.1 billion US...
Trade war and political turmoil in Indonesia
IO - “Indonesia has lost its ability to prepare for external trade wars, while nationally, the government has lost momentum for political consolidation, because of the divide in politics that has been taking place...
Worrisome condition of State finances and fiscal management
IO - Recently, there have been rumors that the State Treasury is near-empty, and tax refunds for taxpayers are being delayed. Is this true? What is the country’s actual financial condition?
Our State financial and...
State finances near collapse
IO - Today’s Indonesian economy is suffering a “double deficit” (or “twin deficit”). What is that? A twin deficit represents a deficit in the current transaction balance taking place simultaneously with a deficit in...
(Polemical) status of State-owned Enterprise subsidiary: Is it also a State-owned Enterprise?
IO - The polemical status of State-owned Enterprise (“SOE”) subsidiaries continues. Some believe that SOE subsidiaries are not in themselves SOEs, while others conclude otherwise, i.e. that SOE subsidiaries are also SOEs.
In terms of...
An Open Letter to the President
Dear President Widodo:Over the past few days, Indonesia has experienced a series of traumatic and saddening events. The police have responded to hundreds of thousands of demonstrators, expressing their right of assembly and to...
May 22 Action, Senior Generals are taking part, What’s Up?
IO - Senior generals – three from TNI and POLRI – will definitely take part in the demonstration at the General Election Commission (KPU), Tuesday and Wednesday (21-22/5)
“We had to
take part because our sovereignty...
The awakening of the soul must never waver
1883 – The titanic eruption of Krakatoa
1908 – Budi Utomo Organization established by the students of STOVIA (now FKUI). Commemorated as National Awakening Day. 2002 – East Timor became Timor Leste state after...