The country’s currency has collapsed into unchartered territory, and while holidays to Bali are getting cheaper, the bigger picture is not good for Australia.
Peak satire was achieved last week when Indonesian President Prabowo Subianto rolled out his brother, Hashim Djojohadikusumo, to lecture investors about the crisis engulfing the Indonesian Stock Exchange.
Hashim, whose huge wealth helped Subianto win the election in 2024, has been tasked with changing the culture of Indonesia’s financial markets to ward off a double downgrade of the national bourse.
Gift articles to anyone you choose each month when you subscribe.
Compare how 6 other independent news outlets reported on this story.
The scandal involves senior members of President Prabowo Subianto's government, and hint at growing tensions among its elites.
Thousands of police and military personnel are on standby as tensions run high in Jakarta over allegations that top officers ran operations to intercept President Prabowo Subianto’s telephone conversations.
Scandal is driving divisions between President Prabowo Subianto and predecessor Joko Widodo.
Prabowo Subianto’s government is in the doldrums with political scandal, rampant inflation and wildfires shredding the former general turned leader’s approval ratings.
His resignation offer comes amid a widening political rift between Prabowo and Widodo and a separate investigation into allegations that senior police officials wiretapped the president.
Video shows the helicopter collecting water for water-bombing operations before it loses control and crashes into the river.
