Bank Indonesia maintains its policy rate at 4.75% to stabilize the rupiah and curb inflation as geopolitical tensions and credit outlooks rattle the markets.
President Prabowo cuts Rp 308 trillion ($19.2B) in inefficient spending, citing a high ICOR as evidence of deep-seated economic leakage and corruption.
Indonesia’s National Nutrition Agency pauses its "Free Nutritious Meal" program for the Eid holiday, saving $314 million amid global fiscal headwinds.