Showing 1 - 10 of 138
Indonesian minister’s sudden exit sparks alarm for global funds
Bloomberg, Published on 09/09/2025
» The sudden removal of Sri Mulyani Indrawati as Indonesia’s finance minister is bound to rattle global investors, who saw her as a voice of fiscal responsibility in an administration pushing for bigger spending.
Prabowo ousts finance chief Indrawati, risking Indonesia turmoil
Bloomberg, Published on 08/09/2025
» Indonesian President Prabowo Subianto removed Finance Minister Sri Mulyani Indrawati from her post, risking renewed financial turmoil for Southeast Asia’s biggest economy following days of violent protests against his administration.
Thaksin among 'dream team' to advise sovereign fund Danantara Indonesia
Reuters, Published on 24/03/2025
» JAKARTA - New sovereign fund Danantara Indonesia on Monday unveiled its "dream team" to chart its strategy, which included ex-presidents and advisory roles for hedge fund manager Ray Dalio, economist Jeffrey Sachs and influential former premier Thaksin Shinawatra.
Prabowo faces investor revolt over Indonesia’s economic path
Bloomberg, Published on 21/03/2025
» 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.
Indonesia launches 'Golden Visa' to lure foreign investors
Reuters, Published on 25/07/2024
» JAKARTA - Indonesia launched a long-term visa scheme on Thursday intended to attract foreign investors, President Joko Widodo said, with amounts of up to US$10 million giving them a 10-year visa and access to Southeast Asia's largest economy.
President-elect considers scrapping Indonesia’s deficit cap
Bloomberg News, Published on 09/07/2024
» Indonesian president-elect Prabowo Subianto is said to be considering removing legal limits on the country’s budget deficit as the incoming administration looks for wider leeway to spend, according to a report by the local news outlet Tempo.
Indonesia minister says Musk to consider offer to build EV battery plant in country
Reuters, Published on 20/05/2024
» DENPASAR: Indoonesia's coordinating minister of investment said that Elon Musk will consider an offer to build an electric vehicle battery plant in the country, after the CEO of Tesla met with President Joko Widodo on Monday.
Indonesia may offer dual citizenship to attract overseas workers
Reuters, Published on 30/04/2024
» JAKARTA: Indonesia may offer dual citizenship to people of Indonesian descent to entice more skilled workers into the country, a senior cabinet minister said on Tuesday.
Microsoft to invest $1.7bn in cloud, AI in Indonesia
Bloomberg News, Published on 30/04/2024
» JAKARTA - Microsoft will invest US$1.7 billion in Indonesia to empower the Southeast Asian country with cloud services and artificial intelligence (AI), including by building data centres, visiting chief executive Satya Nadella said on Tuesday.
Asian shares slump as Mideast risk rises
Nuntawun Polkuamdee and Nareerat Wiriyapong, Published on 20/04/2024
» RECAP: Asian stocks plunged yesterday as broad risk aversion swept through markets on escalating tensions between Iran and Israel and worries about higher-for-longer US rates.