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View all search resultsWhile Indonesia faced a similar situation in 2022, the ongoing Iran war represents a different dynamic that will require critical policies that balance fiscal stability and purchasing power toward maintaining resilience.
Muhammad Kerry Adrianto Riza, son of oil tycoon Riza Chalid, allegedly enriched himself and other parties as beneficial owner of a fuel terminal company, from a terminal lease contract with Pertamina that violated the state energy company’s standards.
Divested assets include hospital groups currently managed by Indonesia Healthcare Corporation (IHC), as well as aviation subsidiary Pelita Air, which is set to be merged with national flag carrier Garuda Indonesia.
As trillions in state funds remain unrecovered, Indonesia’s path to sustainable growth hinges on moving beyond 'business as usual' toward a rigorous, mandatory framework of institutional control and proactive intervention
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