Asian markets gain after Wall Street rebounds amid trade talk hopes

Asia Pacific markets advanced on Thursday, after U.S. stocks rebounded overnight.

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Decentralization of Bureaucracy in Indonesia Post-2024 Elections

The decentralization of bureaucracy refers to the process of redistributing administrative, fiscal, and political authority from the central government to local or regional levels. In Indonesia, a country known for its vast geographical spread and diverse population, this approach could address several longstanding issues. But this step must be taken, and the new government must …

Platform Banking: The way to the future for Islamic Banking

Islamic banking is entering the state of irrelevance, or impasse. Many countries adopting dual banking system are witnessing the growth of Islamic banking sector stagnating. Indonesia for instance is growing at single digit in 2017, much lower than its peak of 47% in 2011, or 15-20% in the last three years. The growth of innovative …

The Politics of Sharia Law: Islamist Activists and the State in Democratizing Indonesia

The period of study was 1945-1998. ‘Jakarta Charter’ was not included in the constitution, and a secular constitution for Indonesia was adopted. A ‘new order’ military dictatorship in 1965 saw the perpetuation of the secular-nationalist elites’s domination of the bureaucracy and military. Although movements based on ‘political Islam’ or Islamist movements were convenient allies of …

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