Prabowo Subianto

Jakarta deploys thousands of police as students protest Prabowo

Observers say students are not the only ones concerned at the economy or Prabowo’s policies

More than a thousand students rallied in central Jakarta on Jun 12 to accuse the government of failing to address economic pressures.

Indonesia’s fuel price hike, rupiah rout pile pressure on Prabowo as students protest

They are calling for the government’s free meals programme to be scrapped as living costs rise

Prabowo needs to assure markets that entrepreneurs and experts, not his old-boy herd, will control the commanding heights of Indonesia's economy, says the writer.

Indonesia’s weakening markets and economy have a personality problem – Prabowo’s

The mercurial president has spooked businesses and placed retired military men in charge of various companies

If investors become unsure whether BI is prioritising growth, inflation or exchange-rate stability, risk premiums rise and policy credibility weakens, says an economist.

Bank Indonesia’s new mandate faces first market test after rate hike

It has pushed back against concerns that supporting growth could dilute its commitment to stability

For many, the current turbulence is not the result of a single week but the cumulative effect of a series of policy shifts under President Prabowo.

Indonesia’s crisis of confidence as markets decode Prabowo

INDONESIA spent much of the week ended Jun 7 confronting a question that might have seemed unthinkable a few short years ago: what happens when investors stop believing in South-east Asia’s largest ec...

The rupiah has weakened about 8%, while foreign investors have pulled billions of dollars from Indonesian bonds.

Indonesian officials vow again to steady rupiah, draw funds

Global investors are rapidly losing confidence in Indonesia, unnerved by the more interventionist agenda

Indonesian President Prabowo Subianto's recent move to take direct control of key commodity exports to curb tax evasion has triggered a sell-off in exporter stocks.

‘Sell Indonesia’ sweeps trading desks as Prabowo tightens grip

What has unnerved investors is the more populist and interventionist agenda that the president has been pursuing

The sell-off is “mainly driven by rupiah weakness hitting record lows and pressure from a softer trade balance, especially with higher oil imports”, said Felix Darmawan, an analyst at BCA Sekuritas.

Indonesian market rout deepens as Prabowo policy risks mount

Rupiah breaches key 18,000-per-US dollar level; stocks hit near six-year low

While there has been a spike in Indonesian exports in the short term, traders and investors remain cautious about the eventual impact of Jakara’s new system.

Chinese buyers scoop up Indonesian palm oil before export revamp

More purchases are taking place this week as buyers take advantage of attractive price margins

Former head of the National Nutrition Agency Dadan Hindayana (centre) is escorted to a detention vehicle.

Indonesia arrests officials over alleged corruption in free meals programme

The three individuals are said to have been involved in the procurement of marked-up items