Bold, independent coverage of Malaysian politics, business and current affairs.
Indonesia's newly appointed acting central bank governor Destry Damayanti must balance President Prabowo's aggressive growth targets with maintaining monetary policy credibility and currency stability as investors scrutinise her independence.
Indonesia recorded over 32,000 layoffs in the first half of 2024, prompting the government to establish a task force. Labour unions push for emergency aid while experts warn structural reforms are essential for sustainable job protection.
S&P Global has reaffirmed Indonesia's sovereign credit rating at BBB with a stable outlook, endorsing the central bank and government's policy coordination in maintaining economic stability despite global uncertainty.