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View all search resultsThe failure to settle the BLBI scandal beyond doubt shows that the state has opted for accommodation over confrontation, appearing more fearful of unsetting entrenched economic elites than of losing public funds.
The rupiah slid to Rp 16,985 per US dollar on Tuesday ahead of a policy decision by the central bank this week, where analysts expect the BI to stand pat on rates. The currency is down nearly 2 percent in January after dropping 3.5 percent in 2025.
The way the government responded to the recent kidnapping of Venezuela’s president by the United States and its claim to now run that country, may have put the final nail in the Bandung coffin, as far as Indonesia is concerned.
Indonesia and Jordan strengthen relationships as they bid to maintain regional stability amid intensifying major-power competition, safeguard sovereignty and promote peace and justice.
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