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Timor-Leste formally joined the Association of Southeast Asian Nations (ASEAN) during the group's summit in Kuala Lumpur, after a long wait, thanks in no small measure to the tireless support of Indonesia, which once brutally occupied the tiny territory.
The proposal to establish a family office, a private investment entity, from National Economic Council (DEN) head Luhut Binsar Pandjaitan has recently returned to the public spotlight after Finance Minister Purbaya Yudhi Sadewa rejected the use of the state budget (APBN) to fund the venture. Purbaya said the family office project must be developed entirely through DEN's own resources, emphasizing that the Finance Ministry had no role in designing or planning the project. Luhut responded by pointing to a misperception regarding the proposal, clarifying that the planned project had nothing to do with the state budget. Details of the initiative remain vague, however, so it is uncertain how the new entity will be structured and financed.
The House of Representatives' recess budget has nearly doubled this year, despite mass protests over what the public views as lawmakers' excessive housing allowance amid economic hardships and ongoing calls for budget efficiency. Such budgetary controversies will likely persist, given Indonesia's long-standing tradition of poor accountability in public spending.
The appointment of Gen. (ret) Glenny H. Kairupan as President Director and CEO of Indonesia's flag carrier Garuda Indonesia has stirred public debate about whether friendship can lift a troubled airline. Glenny, who took part in combat missions with President Prabowo Subianto , replaces another of Prabowo's close associates, Wamildan Tsani.
Defense Minister Sjafrie Sjamsoeddin has confirmed that Chinese J-10 fighter jets are set to soar across Indonesia's airspace, ending months of speculation. While this procurement follows Indonesia's recent acquisitions of Rafale jets from France and fighter aircraft from Turkey, the Beijing deal has drawn particular attention for its speed and opaque timing.
Several private companies, including Garibaldi "Boy" Thohir's Adaro Energy, have been dragged into the spotlight after prosecutors charged PT Pertamina and its subsidiary, PT Pertamina Patra Niaga (PPN), with corruption that allegedly cost the state trillions of rupiah. The case centers on the underpricing of unsubsidized Solar and Biosolar, Pertamina's diesel and biodiesel fuel brands, sold to numerous private sector buyers. The indictment, which could result in state losses of up to hundreds of trillions of rupiah, has sparked a heated debate among experts and civil society. Some caution against the potential criminalization of private sector buyers, while others insist on pursuing all possible corporate links to the corruption scheme.
President Prabowo Subianto spent much of the first year since his October 2024 inauguration trying to fulfill his campaign promises, but he has also been quietly consolidating power over his political detractors, with a little help from his Army friends.
