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View all search resultseconomy
Politics 2 months ago
Government to halt free meal scheme during holidays
The multi-billion dollar meal scheme is one of President Prabowo Subianto's signature policies, but has been widely criticised for its high costs, with hundreds demonstrating in Jakarta last week to call for it to be scrapped.
Opinion 2 months ago
PREMIUM
Analysis: Bond vigilantes send a warning to Indonesia
Indonesia’s financial markets have experienced significant turbulence in recent weeks, with the rupiah depreciating beyond Rp 18,000 per US dollar, the Indonesian Stock Exchange (IDX) Composite index falling by nearly half to below 6,000 points, 10-year government bond yields have climbed to 7.3 percent and the yield curve has flattened considerably amid substantial capital outflows. Together, these indicators suggest that investors are losing confidence in the government’s economic management. Yet the government has shown little indication of adjusting its policy direction.
Politics 2 months ago
PREMIUM
Corruption scandals, rupiah fall revive reshuffle talks
President Prabowo Subianto’s plan to swear in new appointees to his government following corruption-related dismissals feeds speculation about a possible broader cabinet reshuffle amid growing concerns over the economy.
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