Indonesia is debating expanding the role of the country’s vast military under President Prabowo Subianto, including by allowing active armed forces personnel to take up civilian posts in ways not seen since the dismantling of strongman Suharto’s authoritarian systems decades ago.
Prabowo Subianto, Indonesia’s president, launched Danantara, a sovereign-wealth fund. At his disposal will immediately be the largest businesses in Indonesias
President Prabowo Subianto cited 2022 predictions by global investment firm Goldman Sachs that Indonesia would be the world’s fourth-largest economy in 2050. However, some analysts warn that this rosy outlook might be limited.
In January Mr Prabowo launched a cost-cutting drive unlike any the country has seen. He is seeking approximately $19bn in savings from this year’s budget, which comes to about 8.5% of Indonesia’s public-sector spending. A proposed second series of cuts, about which he has offered no other details, could lift the savings to $37bn.
Thousands of students took to the streets in cities across the country this week, decrying what they call Indonesia Gelap or “Dark Indonesia” and marking the first concerted resistance to the policies of Prabowo Subianto since the former general became president four months ago.
Hundreds of students and activists rallied in some major cities for more "Dark Indonesia" protests on Friday, opposing President Prabowo Subianto's policies including $19 billion of spending cuts that they say undermine their support systems.
JAKARTA, Feb 24 (Reuters) - Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence, President Prabowo Subianto said on Monday, as he launched the country's new sovereign wealth fund.
President Prabowo Subianto will establish the Red and White Village Cooperative. The funding will be taken from the village funds.
The consequences of ignoring young people's concerns could be dire for President Prabowo Subianto's government, say these experts from ISEAS-Yusof Ishak Institute.
Turkey is not Indonesia’s largest defense industry partner by quantity. But the DCA, if materializes, will serve as a strong foundation for further partnership.
The massive student demonstrations that erupted in several cities in Indonesia last week were the most serious anti-government protests since President Prabowo Subianto took charge in October. Clearly,
Students rallied in Jakarta and other Indonesian cities on Thursday to protest President Prabowo Subianto’s state budget revamp that ... They banded together under the “Dark Indonesia” movement spread on social media.