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Prabowo Summons Purbaya, BI Governor to Palace Over Rupiah Crisis: Full Response to Dollar Questions at Halim” (Alternative optimized version for better CTR & SEO:) “Prabowo Calls Emergency Meeting: Purbaya, BI Chief Urged to Istana as Rupiah Crashes-Here’s Full Reaction to Dollar Crisis

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JAKARTA — President Prabowo Subianto convened a high-level meeting at the Merdeka Palace on Monday, May 18, 2026, as the Indonesian rupiah faced significant downward pressure in global currency markets. The meeting, which brought together key economic officials, occurred as the exchange rate neared the threshold of 17,700 per U.S. Dollar, a development that has … Read more

Indonesia’s Fuel and LPG Subsidies Skyrocket 266% to Rp 118.7 Trillion

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Indonesia is facing a stark fiscal challenge as the cost of keeping energy affordable for its population has surged far beyond initial projections. New data reveals that government spending on fuel and liquefied petroleum gas (LPG) subsidies and compensations reached Rp 118.7 trillion by March 2026, representing a staggering 266% increase compared to the same … Read more