Extreme Inequality [Also Absurd] in Indonesia
Prabowo's administration implored companies to refrain from laying off their workers after revelation that 107,000 workers across industries had been laid off throughout the year [11,000 workers in last 9 days]. ANTV or Cakrawala Andalas Televisi just purged their production team last week as side effect after EMTEK (PT Elang Mahkota Teknologi Tbk) acquired ANTV, as stark contrast announcement today by Ilham Akbar Habibie [son of the late former President BJ Habibie] about latest financial situation inside VIVA [Bakrie] - ANTV - TVOne [as attached photo] in the annual shareholders meeting just 7-8 hours ago, as Ilham explain ‘exciting and significant grow on revenue.’ VIVA group owned together by Bakrie family [Aburizal, Anindya] and SOE Minister Erick Thohir
6 Years and 6 months ago, ANTV [assume value at least 12 trillion rupiah [US$750 million], by decision Anindya Novyan Bakrie and Erick Thohir, refused a proposal from EMTEK. EMTEK [Elang Media Teknologi], eyeing a chance to buy ANTV since 2018 [some expert says actually waiting since 2015], finally bought ANTV from BAKRIE / VIVA [sealed 8/9 December 2024].
Decision [ANTV] to say no proposal from EMTEK in 2018, because Erick Thohir, part owner of ANTV, President Director ANTV [until 2019, appointed to be Minister of SOE 2019 - 2024 under Jokowi’s regime], Erick uncomfortable if sells ANTV to EMTEK due to [1] ASIAN GAMES and also [2] long-phase Presidential Election campaign [as Erick is Chief National Campaign of Re-Election Jokowi]. Sell ANTV is not good for Jokowi and Erick's image’ at the moment [between 2018 - 2019]. EMTEK coincidentally is Official Broadcaster of Asian Games 2018 [aired via VIDIO, SCTV, Indosiar, MOJI —— previously O Channel].
Multiple sources say [number, value] deal ANTV - EMTEK is around 3.8 trillion rupiah [US$252 million] —- very significant dropped if compare 2018 [US$750 million]. Not as much as VIVA / BAKRIE’s debt [around 8.7 trillion rupiah or US$540 million, deadline actually November 14th, 2024], but [selling ANTV to EMTEK] at least ‘helpful’ for VIVA / BAKRIE.
eFishery already purged hundred workers in 2 batches, last July and September. Gojek - Tokopedia [GoTo Group] just purged [also] last week. PT DJARUM [2nd biggest tobacco company in Southeast Asia] on the verge to layoff. GDP Venture [a venture company owned by Djarum and Bank Central Asia] losing - burn too much money as still impact 'tech winter or tech rout' across globally since covid peak [2021]. Sritex [was the biggest textile company in Asia] on the verge layoff 15,000
But according to tax office, for revenue about VAT or Value-Added Tax [before new regulation 12 percent of VAT / Pajak Pertambahan Nilai] ONLY in Jakarta and ONLY in December already 70 trilion rupiah [US$4.3 billion], thanks for lavish gala dinner since earlier December.
January 2024 or just 4 weeks before Indonesia Election, in the Final Debate, Prabowo have sought to boost state revenue by tweaking the country’s taxation policies, such as by targeting the country’s richest individuals, big tech companies and increasing the share of value added tax (VAT), and also establish a new state revenue agency that requires the Finance Ministry to spin off and combine two of its revenue arms, namely the tax and customs and excise offices.
It's really very hard to convince FinMin [Finance Minister] Sri Mulyani to postponed VAT 12 percent as too many people still enjoy lavish party. According to Indonesian Police, more than 300,000 vehicles already crossing or out from [only] Jakarta during the 2024/2025 Christmas and New Year holiday period (Nataru) —- too many people enjoy holiday. No sign ‘collapse economy.’
