Indonesian Finance Minister Purbaya Yudhi Sadewa defended his country’s economic track record amid a slump in the rupiah and stocks, pointing to inflows into the debt market as proof investors remain optimistic.
The new head of Indonesia’s free meals agency will refocus the mission of President Prabowo Subianto’s flagship $15 billion program engulfed in a corruption scandal with an eye on budget efficiency and scaled-down plans.
Indonesia’s free lunch program. Photographer: Rosa Panggabean/Bloomberg
Indonesia is pushing ahead with plans to centralize exports of key commodities starting June 1, casting a cloud of regulatory uncertainty over natural resource producers.
Bunches of harvested palm oil fruit at Malinau Regency, North Kalimantan, Indonesia, on Sunday, Oct. 22, 2023. Indonesia today has eight times more operating captive coal capacity than it did roughly a decade ago, about the time when Joko Widodo, Indonesia's president, came to power.
Indonesia spent much of this week confronting a question that might have seemed unthinkable a few short years ago: what happens when investors stop believing in Southeast Asia’s largest economy?
Prabowo during an interview at his residence in Hambalang, West Java, on March 14.
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