Indonesia Highlights: 212 Alumni Reunion Canceled | Indonesia Backpedaling on Democracy | Tokopedia Gains 2 New Investors

LP3S Director for Media and Democracy, Wijayanto explained that democracy in Indonesia is looking worrisome as the government shows signs of authoritarianism in some regards.

Wijayanto explained that the consolidation of oligarchies is one sign of the country backpedaling on democratic values.

Other indicators including growing intolerance, disavowing democratic principles, ridding oppositions, and advising violence were also cited.

Wijayanto additionally highlighted evidence of repression towards activists and society during nationwide protests over the Job Creation Law.

Source: https://nasional.kompas.com/read/2020/11/17/18064931/lp3es-kemunduran-demokrasi-pemerintah-cenderung-ke-arah-otoritarianisme 

3. Google, Temasek Now Shareholders of Indonesian E-Commerce Unicorn Tokopedia

US Big Tech company Google and Singapore state investor Temasek have officially become shareholders in Tokopedia, Indonesia’s largest e-commerce platform.

It was previously reported that Google and Temasek’s investment in Tokopedia came after Microsoft Corp. injected their funds into Indonesian startup Bukalapak.

With this capital injection, Google now has 1.6 percent of Tokopedia’s shares. Meanwhile, Temasek via its unit Anderson Investments owns a 3.3 percent stake.

This data is obtained from documents submitted to Indonesia’s Ministry of Law and Human Rights dated November 4, 2020.

Source: https://go.kompas.com/read/2020/11/17/175606174/google-temasek-now-shareholders-of-indonesian-e-commerce-unicorn-tokopedia