Fast, factual wire coverage from across Malaysia and the region.
Destry Damayanti, appointed acting governor of Bank Indonesia, faces the delicate task of supporting President Prabowo's economic growth targets while maintaining the central bank's independence and investor trust amid rupiah weakness.
Indonesia faces a mounting jobless crisis with 32,389 layoffs recorded in the first half of 2024, prompting President Prabowo's administration to establish a task force while debating whether emergency aid or structural reform offers the best path forward.
S&P Global Ratings has reaffirmed Indonesia's BBB sovereign credit rating with a stable outlook, signalling investor confidence in the country's economic management and growth trajectory despite recent fiscal pressures.