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“To the Moon”: Finance Minister Doubts Market Doom, Predicts Indonesian Stocks Will Hit 10,000

JAKARTA, Indonesia (JakartaWeekly.com) – Despite a brutal sell-off that has wiped out nearly 20 percent of the Jakarta Composite Index (IHSG) this year, Finance Minister Purbaya Yudhi Sadewa remains defiantly bullish on Indonesia’s market outlook. On Monday, as the index slumped by 1.61 percent to close at 7,022.29, Purbaya brushed off investor fears surrounding the […]

Work From Home Returns? Indonesia Eyes Radical Energy-Saving Plan as Global Crisis Looms

JAKARTA, Indonesia (JakartaWeekly.com) – Facing a deepening energy crunch fueled by geopolitical turmoil in the Middle East, the Indonesian government is dusting off its pandemic-era playbook. President Prabowo Subianto has signaled that a widespread return to “work-from-home” (WFH) policies for civil servants may be on the table as part of a national austerity drive to […]

Defending the 3% Line: Indonesia Scrambles to Cut Ministry Waste as Global Oil Spike Threatens Budget

JAKARTA, Indonesia (JakartaWeekly.com) – Indonesia’s finance ministry has begun identifying potential budget cuts across government agencies, a preemptive strike aimed at protecting the nation’s fiscal deficit as soaring global oil prices put the state treasury under immense pressure. Finance Minister Purbaya Yudhi Sadewa confirmed on Monday that his office is drafting an efficiency plan to […]

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