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Rupiah slide and ‘Sell Indonesia’ stocks: Jakarta’s counter moves useful but experts flag deeper fiscal concerns

analysis Asia Rupiah slide and ‘Sell Indonesia’ stocks: Jakarta’s counter moves useful but experts flag deeper fiscal concerns Indonesia’s emergency interest rate hike and efforts to support the rupiah may have helped calm markets for now, but economists say investor confidence will not fully return unless the government addresses deeper concerns. Indonesia’s latest moves to steady the rupiah and calm the stock market may have helped arrest the immediate slide, but experts say the bigger...

Channel News Asia 4h ago

As Indonesia tightens spending, Prabowo's travel-heavy diplomacy comes under scrutiny

analysis Asia As Indonesia tightens spending, Prabowo's travel-heavy diplomacy comes under scrutiny Critics question whether Indonesia President Prabowo Subianto’s overseas trips are producing measurable economic and political returns at a time when the administration is championing spending cuts and budget efficiency at home. SINGAPORE/JAKARTA: Indonesian President Prabowo Subianto's latest and fourth trip to France in late May has reignited public scrutiny over his travels, particularly...

Channel News Asia 6d ago

Indonesia passes bill expanding central bank role to spur growth

Indonesia passes sweeping bill expanding central bank role to spur growth JAKARTA, June 4 : Indonesia's parliament on Thursday passed sweeping legislation that doubles down on Bank Indonesia's role to support growth, while empowering lawmakers to make binding recommendations for independent financial regulators and the central bank. The bill has added to investor concerns about the possibility of political interference in the central bank to ensure compliance with President Prabowo...

Channel News Asia 7d ago

100 days into Iran war: How rising costs are hitting consumers and businesses in Southeast Asia

100 days into Iran war: How rising costs are hitting consumers and businesses in Southeast Asia As the war on Iran marks its 100th day on Monday (Jun 8), CNA looks at how the geopolitical crisis is filtering into everyday life across the region. SINGAPORE: More than three months into the war on Iran, the aftershocks from disrupted Middle Eastern energy and shipping routes are being felt far beyond the oil market, from road construction sites in Malaysia to food and beverage operators in...

Channel News Asia 4d ago

Bengaluru man protests on road after VIP convoy leaves his pregnant wife stranded

A traffic jam occurred on Old Airport Road after traffic was allegedly halted for nearly 30 minutes to facilitate the governor’s convoy, according to a post on X. The disruption, compounded by ongoing underpass construction, left hundreds of commuters stranded. Public anger intensified after a man travelling with his pregnant wife was caught in the gridlock and sat in the middle of the road to protest against VIP culture. Other motorists also criticised the police for prioritising VIP...

Times of India 10d ago