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View all search resultsAs the rupiah grapples with a "perfect storm" of global dollar strength and domestic regulatory uncertainty, Indonesia faces a critical test of market confidence that may require a fresh infusion of professional leadership to resolve.
As the rupiah stumbles past the 17,000-mark, Indonesia is facing a "vibe check" that no amount of political muscle can ignore. When nepotism shifts from a political exception to a bureaucratic rule, the resulting "Technocratic Sunset" threatens to transform a G20 economy into a fragile family office.
The government’s decision to revoke 28 natural resource licenses in the wake of the deadly December 2025 floods in Sumatra has drawn praise from environmental activists but has also unsettled the private sector by introducing new regulatory uncertainty. Among the revoked permits was a gold mining license linked to Astra International, intensifying scrutiny from investors and businesses over the state’s willingness to cancel legally issued concessions in response to environmental externalities.
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