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View all search resultsPresident Prabowo Subianto emphasized the importance of unity and praised the role of Nahdlatul Ulama (NU) in maintaining stability on Tuesday, as his administration faces mounting criticism and a persistent wave of student protests over the country’s economy and costly government programs.
Students from Indonesia’s leading universities have once again taken to the streets in Jakarta and other major cities, about eight months after the last wave of mass protests turned violent. This time, they are specifically targeting President Prabowo Subianto’s leadership and governing style, which they blame for the country’s current economic difficulties.
Danantara is also reportedly set to launch its debut US dollar bond that could raise as much as US$1 billion in what could become a key test of foreign appetite amid growing challenges in Southeast Asia’s largest economy.
The newly appointed National Nutrition Agency (BGN) head has pledged sweeping efficiency measures and a moratorium on new kitchens, signaling a major reset of President Prabowo Subianto’s flagship free nutritious meal program following a corruption scandal.
As the country’s investment climate deteriorates, the China Chamber of Commerce in Indonesia (CCCI) took the unusual step of writing directly to President Prabowo Subianto to complain about shifting regulations, nickel quota cuts, royalty hikes and alleged extortion. This raises troubling questions: Is the government losing control of policy consistency or quietly yielding regulatory authority to its largest investor?
President Prabowo Subianto kicked off his state visit to France on Tuesday, seeking to elevate Indonesia-France relations as well as intensify cooperation in defense and renewable energy amid a volatile global landscape.
President Prabowo Subianto recently delivered a striking announcement: his administration plans to gradually place exports of Indonesia’s natural resources under state control to combat alleged under-invoicing by resource exporters. While the proposal could help address persistent under-invoicing, it has also raised concerns among businesses and economists, who warn that it risks becoming a misguided solution that opens the door to rent-seeking and ultimately harms the economy and public welfare.
In a speech outlining the Macroeconomic Framework and Fiscal Policy Points (KEM-PPKF), Prabowo told the House of Representatives on Wednesday that the deficit for 2027 was set at 1.8 to 2.4 percent of gross domestic product (GDP), below the legal cap of 3 percent.
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