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View all search resultsMaking good on an initiative the President first unveiled last March, the government has earmarked Rp 11 trillion to open 200 million individual bank accounts with an initial deposit of Rp 50,000 each to improve financial inclusion across the country.
President Prabowo Subianto has pitched a shared economic future between Jakarta and Moscow, expressing hopes to host his Russian counterpart Vladimir Putin in Indonesia while touting his administration’s “realist, pragmatist” approach to international cooperation.
President Prabowo Subianto is in Vladivostok this week for an economic forum and bilateral talks with Russian counterpart Vladimir Putin, in his fourth visit to the country since taking office less than two years ago.
Imagine a corrupt official who has stolen billions of rupiah from state coffers. Under a proposal floated by President Prabowo Subianto, that official could walk free, no conviction, no prison, simply by handing the money back. It sounds like restitution; critics say it looks a lot like a pardon with a price tag. The proposal, outlined in Prabowo's Aug. 14 State of the Nation Address, would offer amnesty to corruptors who return stolen state funds. It has reignited a debate that cuts to the heart of his presidency: Is Indonesia's war on corruption for real, or is it starting to look negotiable?
It is almost a done deal. After a decade of false starts under President Joko "Jokowi" Widodo, the push to revive a binding state roadmap, the Pokok-Pokok Haluan Negara (Principles of State Policy, or PPHN), finally has what it lacked: political consensus and a president willing to back it.
President Prabowo Subianto's tenure has been marked by a recurring pattern of rhetorical detours. His supporters see his direct, unscripted style as refreshingly authentic; critics see a habit that regularly produces high-profile verbal slips with real domestic and international consequences.
President Prabowo Subianto has invoked the economic philosophy of Marhaenism, associated with the quasi-opposition Indonesian Democratic Party of Struggle (PDI-P), as he seeks broad political support for his new plan to establish a mineral exchange.
During a meeting with the President on Aug. 6, the research agency presented its work in various fields to support the administration's development agenda, including a nuclear power ecosystem, AI technology including chip-making and potable water facilities.
President Prabowo Subianto is once again reshaping Indonesia's economic institutions. This time, he has instructed the Financial System Stability Committee (KSSK) to involve the Danantara sovereign wealth fund in its deliberations, creating what Danantara CEO Rosan Roeslani calls "KSSK Plus." But when a state investor joins discussions where its own risks may be assessed, the question is whether the arrangement strengthens policy coordination or weakens institutional independence.
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