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JAKARTA: Indonesia will join New Development Bank (NDB), a multilateral bank developed by Brics member nations, President Prabowo Subianto said on Tuesday (March 25).
The decline in the currency led the central bank to intervene, stabilising the rupiah and restoring confidence.
JAKARTA: The Indonesian rupiah slumped to its lowest level in more than two decades on Tuesday (March 25), underscoring growing worries about the nation's economic resilience amid mounting global uncertainty and apprehensions over domestic policy.
JAKARTA: For months, President Prabowo Subianto's moves to chip away at Indonesia's long-established economic guardrails have stoked anxiety in markets. This week's sudden rout suggests investor patience is wearing thin.
JAKARTA: Even as protesters took to the streets on Thursday (March 20) to reject the revised Law on the Indonesian Military (TNI), President Prabowo Subianto said his administration would plow ahead with bold initiatives he deemed were key to transforming the country.
Indonesian President Prabowo Subianto ordered ride-hailing firms including GoTo Group and Grab Holdings Ltd. to give holidays bonuses to their drivers as the country nears its biggest annual holiday.
JAKARTA: As student-led protests against austerity measures swept across Indonesia last month, President Prabowo Subianto hit back at critics of his policies by declaring that the country was on track to surpass many of the world's most advanced economies by mid-century.
Jakarta: An unprecedented accumulation of power in Indonesia's corporate landscape is fuelling investor concern about political influence and transparency in South-East Asia's biggest equity market.
JAKARTA: President Prabowo Subianto's free birthday health screening programme has seen low participation nationwide one month after its official launch on Feb 10, raising questions about its target of reaching 100 million people by the end of the year.
Just weeks after public protests over government policies and large bureaucracy, President Prabowo Subianto instructed his cabinet ministers to roll out several new populist policies; a move observers call an attempt to regain public trust amid controversies hitting his administration.
Indonesia is debating expanding the role of the country's vast military under President Prabowo Subianto, including by allowing active armed forces personnel to take up civilian posts in ways not seen since the dismantling of strongman Suharto's authoritarian systems decades ago.
Wearing a traditional Indonesian black hat and shirt, President Prabowo Subianto speaks to the camera in an Instagram video, asking his people how he can help them after his election last year.
Hours after her trusted aide's arrest in a bribery case on Feb 20, Megawati Soekarnoputri, chairwoman of Indonesia's largest political party, ordered regional heads from her party to "postpone" attending a leaders retreat by Indonesian President Prabowo Subianto.
Indonesian President Prabowo Subianto, who took office on Oct 20, said he wouldn't seek a second five-year term if his administration fails to meet public expectations, setting 2028 as a test for his leadership.
JAKARTA: Indonesia will channel US$20 billion in budget savings to its newly created Danantara investment body to help finance 20 high-impact national projects, President Prabowo Subianto said on Monday (Feb 24
JAKARTA: President Prabowo Subianto is facing a major test of his leadership as signs of dissent against his new government have appeared in the form of student protests and the possible emergence of an opposition party.
Former general Prabowo Subianto won the Indonesian presidential race in February 2024 after a campaign based on his "gemoy" or cute image showing a softer side that was far removed from his stern military background.
Former general Prabowo Subianto won the Indonesian presidential race in February 2024 after a campaign based on his "gemoy" or cute image showing a softer side that was far removed from his stern military background.
JAKARTA: Wearing a traditional Indonesian black hat and shirt, President Prabowo Subianto (pic) speaks to the camera in an Instagram video, asking his people how he can help them after his election last year.
President Prabowo Subianto, the ex-general who rose to power pledging to upend Indonesian politics, is taking hundreds of regional leaders on a week-long bootcamp just as signs of dissent emerge against his populist government.
