Indonesia’s President Highlights “Prabowonomics” at WEF 2026 Davos
State Secretary Minister Prasetyo Hadi said the concept of Prabowonomics, which will be delivered by President Prabowo Subianto in his address at the World Economic Forum (WEF), centers on safeguarding national economic sovereignty, Antara reported. “Sovereignty or independence is an important part of Prabowonomics,” Hadi said.
Capital Outflows Linked to SOE, Danantara Spending, BI Says
Demand for foreign currency in Indonesia has risen partly due to spending needs by state-owned enterprises and the sovereign wealth fund Danantara, contributing to capital outflows and pressure on the rupiah, Jakarta Globe reported, citing Bank Indonesia Governor Perry Warjiyo.
Danantara to Increase Assets by Consolidating SOEs
Indonesia’s sovereign wealth fund Danantara aims to increase its assets by overhauling and consolidating hundreds of state-owned enterprises, Antara reported, citing Managing Director for Global Relations and Governance Mohamad Al-Arief. Danantara plans to merge 1,068 SOEs into around 221 entities within the next three to four years.
Indonesian President Did Not Consult Energy Ministry When Revoking China-Backed Hydro Permit
Indonesia’s energy ministry was not consulted before President Prabowo Subianto decided to revoke the permit of a China-backed hydroelectric power plant on the island of Sumatra, Reuters reported, citing ministry official Eniya Listiani Dewi.