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Lese-Ansicht

Long Night of Jakarta Raids Found Gold Bars, Wads of Cash

Diners at de’Clan Signature, an eatery in the low-rise South Jakarta neighborhood of Cipete, knew something was up when heavily armed police converged upon the restaurant last Wednesday afternoon.

Seized currencies and gold bars displayed during a police news conference in Jakarta on July 10. Source: Andrean Kristianto/Bloomberg Technoz
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Indonesia Finance Chief Takes His Growth Bet to a World on Edge

Purbaya Yudhi Sadewa’s bluntness often jars. Some market watchers were taken aback in February when the Indonesian finance minister suggested a Citibank Inc. analyst with two master’s degrees wasn’t a true economist because he lacked a PhD. Last week, he called the World Bank’s 4.7% growth projection for this year a “major mistake.”

Purbaya Yudhi Sadewa on April 2.
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Defiant Prabowo Spars With Indonesia Tycoons and Market Skeptics

The nation’s president says he’s misunderstood by key players in the financial world, and they’ll eventually come around.

Prabowo Subianto, Indonesia's president, during an interview at his residence in Hambalang, Bogor, West Java, Indonesia, on Saturday, March 14, 2026. Prabowo said he would only consider temporarily exceeding Indonesia’s statutory budget deficit cap for emergency situations, adding that he remains committed to fiscal discipline and the nation must “live within our means.”
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Defiant Prabowo Spars With Indonesia Tycoons and Market Skeptics

The nation’s president says he’s misunderstood by key players in the financial world, and they’ll eventually come around.

Prabowo Subianto, Indonesia's president, during an interview at his residence in Hambalang, Bogor, West Java, Indonesia, on Saturday, March 14, 2026. Prabowo said he would only consider temporarily exceeding Indonesia’s statutory budget deficit cap for emergency situations, adding that he remains committed to fiscal discipline and the nation must “live within our means.”
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