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View all search resultsAs geopolitical crises bring the global economy to its knees, tinkering with interest rates won't save failing currencies—only a structural overhaul of a nation’s foundational "5Es," starting with energy self-sufficiency, can weather the storm.
The idea of centralizing export control for certain natural resources in a single institution is not new, and the failed experiment of such an agency for cloves serves as a case study on why not to pursue that course again, especially for major commodities like coal, CPO and ferroalloys.
In a speech outlining the Macroeconomic Framework and Fiscal Policy Points (KEM-PPKF), Prabowo told the House of Representatives on Wednesday that the deficit for 2027 was set at 1.8 to 2.4 percent of gross domestic product (GDP), below the legal cap of 3 percent.
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