Prabowo's Power Play: A Double Edged Sword for Indonesia's Economy The recent shake up in Indonesia's economy, spearheaded by President Prabowo Subianto, has sent shockwaves through global markets and raised eyebrows among investors.
The creation of a new state entity to oversee the country's lucrative exports of palm oil, coal, and ferro alloys is being touted as a bold move to plug leakages and boost revenue.
Behind this move lies a long standing grievance against Indonesia's tycoons, who have been accused by Prabowo of exploiting national wealth for personal gain.