Prabowo Subianto

Indonesia plans to beat global commodity trading giants at their own game

The move faces a real uphill battle disrupting the deep trading ecosystem overnight

Danantara said that when the sovereign wealth fund has visibility on pricing, it may renegotiate prices that were set below global benchmarks.

Danantara Indonesia will honour commodity export contracts, but will review prices

A unit of the fund will become the sole exporter of palm oil, coal and ferroalloys from as early as Sep 1

“The era of impunity is ending,” Indonesia's President Prabowo Subianto said.

Prabowo’s biggest crackdown on tycoons shocked his own officials

Panic also spread through some of Indonesia’s biggest companies

“If we stay united and work together, private companies, SMEs, governments, regional or central, everyone has same calling – we can create magnificent prosperity,” Prabowo said.

Prabowo unveils ambitious growth and fiscal deficit targets, seeks 'magnificent prosperity'

He set a target for the 2027 fiscal deficit of between 1.8% and 2.4% of gross domestic product

The Indonesian government is planning to create a new state entity to manage exports of the commodities in order to crack down on under-invoicing.

Indonesia plans to tighten state control over commodity exports

The rupiah reached a record low against the dollar this week

Jakarta has also announced that ride-hailing platforms will be required to provide accident and health insurance coverage for drivers.

Indonesia’s fee cap threatens ride-hailing profits, clouds outlook for Grab, GoTo

Analysts say the policy could dampen investor sentiment – just as ride-hailing firms are beginning to turn a profit

The regulation will also require ride-hailing firms to provide accident and health insurance, President Prabowo said.

Indonesia to cut ride-hailing companies’ maximum commission taken from drivers to 8%

[JAKARTA] Indonesia will cut the caps on the commissions that ride-hailing companies take from drivers for each trip to 8 per cent from 20 per cent, President Prabowo Subianto said on Friday in Jakart...

Indonesian President Prabowo Subianto (left) and Russian President Vladimir Putin have pledged deeper economic and energy cooperation.

Indonesia eyes Russian crude as Middle East tensions deepen import gap, subsidy strain

The move comes as countries scramble to secure energy supplies while the conflict drags on

Indonesian President Prabowo Subianto and Japanese Prime Minister Sanae Takaichi hold talks at the Akasaka guesthouse in Tokyo, Japan, March 31, 2026.

Japan to coordinate on energy with Indonesia as Iran war disrupts supplies

Indonesia is the world’s biggest exporter of thermal coal for power generation

Assets in South-east Asia’s biggest economy have been under pressure amid persistent fiscal concerns since Prabowo took power in October 2024

Prabowo open to breach Indonesia deficit cap only during crisis

The country relies on imports for the bulk of its fuel requirements, and its import bill has risen as the rupiah sits near a record low