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1998-crisis

Before Iran and Venezuela, there was Indonesia
Academia 4 days ago

PREMIUM
Before Iran and Venezuela, there was Indonesia

History records US’ many previous attempts to subvert, shape and subordinate Indonesia in the decades after its independence.
Rewriting the past: Indonesia's new history books spook scholars
Society 8 months ago

Rewriting the past: Indonesia's new history books spook scholars

A summary of the rule of Soeharto, who is also Prabowo's former father-in-law, only mentions how "student demonstrations... became a factor" in his resignation.
‘I was young and naughty’: Prabowo recalls his time in the military
Politics 1 year ago

PREMIUM
‘I was young and naughty’: Prabowo recalls his time in the military

At the height of political, economic and social upheavals in 1998, Prabowo was dismissed from the military for ordering the abduction of pro-democracy activists.
Indonesia’s annual GDP set to contract for first time since 1998
Business 5 years ago

PREMIUM
Indonesia’s annual GDP set to contract for first time since 1998

The government has revised its gross domestic product (GDP) outlook down to an annual contraction of between 0.6 percent and 1.7 percent.
Sri Mulyani recalls meeting furniture maker Jokowi during 1998 crisis
National 5 years ago

Sri Mulyani recalls meeting furniture maker Jokowi during 1998 crisis

After recalling how Jokowi advanced his business during the economic crisis 22 years ago, Sri Mulyani encouraged the Indonesian people to work and study hard for a better future in 22 years to come.
Maintaining liquidity amid COVID-19 crisis
Opinion 5 years ago

Maintaining liquidity amid COVID-19 crisis

Even at the height of the 1998 financial crisis, solutions were still available for maintaining liquidity, such as tapping the global market. 
Rupiah at 1998 crisis level pressures reserves, foreign-denominated debt
Business 5 years ago

Rupiah at 1998 crisis level pressures reserves, foreign-denominated debt

The rupiah breached Rp 16,000 against the US dollar on Friday, the weakest since the 1998 crisis, taking its toll on central bank reserves, corporate debt obligations and import-reliant industries as the COVID-19 pandemic prompts an Indonesian asset selloff.
Rupiah depreciates 4.5% as BI easing fails to entice investors
Business 5 years ago

Rupiah depreciates 4.5% as BI easing fails to entice investors

The rupiah depreciated 4.5 percent on Thursday as it nears Rp 16,000 per US dollar, a level unseen since the 1998 crisis, as Bank Indonesia’s (BI) easing move fails to entice investors on a selling-spree amid COVID-19 fears.
BI cuts rate, sees growth plunging to 15-year low as COVID-19 roils economy
Business 5 years ago

BI cuts rate, sees growth plunging to 15-year low as COVID-19 roils economy

The central bank slashed its benchmark interest rate, the BI seven-day reverse repo rate, by 25 basis points to 4.50 percent after a cut of the same size last month.
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