Reported about 16 hours ago
President Prabowo Subianto's recent economic policies, including aggressive spending and diluting the central bank's independence, have sparked investor anxiety and market instability in Indonesia. Following rumors regarding Finance Minister Sri Mulyani Indrawati's potential resignation, the stock market experienced significant declines, raising doubts about the government's fiscal health and Prabowo's ambitious economic growth targets. Investors are particularly wary as the country grapples with external pressures, leading to concerns over the sustainability of Prabowo's populist initiatives amidst warnings of potential challenges to Indonesia's democratic governance.
Source: YAHOO