Prabowo Subianto, Indonesia’s president, launched Danantara, a sovereign-wealth fund. At his disposal it will immediately be the largest businesses in Indonesia’s sizeable portfolio of state-owned enterprises,

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.

Indonesia on Monday launched a new sovereign wealth fund that will aim to manage state assets worth more than $900 billion as President Prabowo Subianto looks to turbo-charge growth in

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.

An unusual delay in Indonesia’s reporting of monthly budget data has investors raising questions on the state of government finances after President Prabowo Subianto ordered a radical overhaul of spending and revenue plans to boost growth.

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.

Bali bombing survivor Chusnul Chotimah now fears losing access to life-saving treatments after Indonesian President Prabowo Subianto announced $19 billion in budget cuts to fund his election promises.

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.

Nationwide student-led protests in Indonesia against austerity measures have emerged as the first major political challenge for President Prabowo Subianto’s administration, with analysts warning that public discontent could escalate if economic conditions deteriorate.

A student protester hold Indonesian flags during a rally against the recent budget efficiency and other policies implemented by President Prabowo Subianto, in Jakarta, Indonesia, Friday, Feb. 21, 2025.

Indonesia will channel $20 billion in budget savings to its newly created Danantara investment body to help finance 20 high-impact national projects, President Prabowo Subianto said Monday.

Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence, President Prabowo Subianto said.