https://www-scmp-com.libproxy1.nus.edu.sg/rss/522714/feed The latest news and top stories on Bhima Yudhistira, an Indonesian economist. The Executive Director at the Centre of Economic and Law Studies (Celios), he previously served as an economist for the Indonesia Chamber of Commerce and a consultant for the International Finance Corporation World Bank. He holds a Master’s in Finance from the University of Bradford UK. His expertise spans macroeconomics, sustainable finance, energy transition and digital economy. Yudhistira frequently provides... en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Resty Woro Yuniar Resty Woro Yuniar Indonesian President Prabowo Subianto abruptly removed Finance Minister Purbaya Yudhi Sadewa on Monday after just over a year in the job, turning to veteran ministry technocrat Suahasil Nazara as his government grapples with mounting fiscal pressure and questions over economic policy coordination. Suahasil, who had served as deputy finance minister since 2019, becomes Prabowo’s third finance minister in less than two years, following Purbaya and his internationally respected predecessor Sri... https://www-scmp-com.libproxy1.nus.edu.sg/news/asia/southeast-asia/article/3367445/indonesias-prabowo-replaces-finance-minister-deputy?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/asia/southeast-asia/article/3367445/indonesias-prabowo-replaces-finance-minister-deputy?utm_source=rss_feed Mon, 14 Sep 2026 09:00:28 +0000 Resty Woro Yuniar Resty Woro Yuniar Indonesia’s faster-than-expected economic growth in the second quarter has offered a ray of hope for a sustainable turnaround after months of negative news over the rupiah, investor confidence and global uncertainties. Analysts, however, urged caution about the country’s economic outlook in the coming quarters, saying the latest data also revealed uneven sectoral performance and a reliance on government spending. Southeast Asia’s largest economy grew 5.29 per cent year on year in the April-June... https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3363276/indonesias-strong-gdp-data-prompts-resilient-uneven-growth-forecasts?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3363276/indonesias-strong-gdp-data-prompts-resilient-uneven-growth-forecasts?utm_source=rss_feed Mon, 10 Aug 2026 00:00:19 +0000 Resty Woro Yuniar Resty Woro Yuniar Indonesia will require exports of key commodities to pass through a state-appointed enterprise in a sweeping effort to curb revenue leaks, tighten oversight of natural resources and keep more foreign exchange earnings at home. The policy, announced by President Prabowo Subianto in a rare address to parliament on Wednesday, would apply to palm oil, coal and ferroalloys – three major export earners for Southeast Asia’s largest economy. Under the new regulation, producers would have to sell their... https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3354262/indonesias-prabowo-tightens-state-grip-palm-oil-coal-amid-monopolistic-fears?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3354262/indonesias-prabowo-tightens-state-grip-palm-oil-coal-amid-monopolistic-fears?utm_source=rss_feed Wed, 20 May 2026 11:01:09 +0000 Resty Woro Yuniar Resty Woro Yuniar Jakarta’s move to press on with importing 150 million barrels of Russian oil despite latest EU sanctions against an Indonesian port underscores a growing divide between Western efforts to isolate Moscow and Asia’s push for energy security. On Thursday, the European Commission announced its 20th package of sanctions against Russia, which includes Indonesia’s Karimun Oil Terminal for its “connections with the shadow fleet and circumvention of the oil price cap”. The sanction on Karimun, located in... https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3351703/energy-security-comes-first-indonesia-it-defies-eu-over-russian-oil?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3351703/energy-security-comes-first-indonesia-it-defies-eu-over-russian-oil?utm_source=rss_feed Tue, 28 Apr 2026 11:00:20 +0000 Resty Woro Yuniar Resty Woro Yuniar Indonesia could face a sharp fiscal squeeze if the US-Israel war on Iran pushes oil prices higher, analysts warn, as this risks inflating the country’s fuel subsidy bill at a time when global ratings agencies and investors are already scrutinising Jakarta’s budgetary discipline. A prolonged war could force policymakers into a difficult choice: maintain fuel subsidies and risk breaching the legal deficit ceiling – potentially unsettling investors further – or cut funding to keep the budget within... https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3345705/indonesia-faces-fiscal-squeeze-iran-war-drives-oil-prices?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3345705/indonesia-faces-fiscal-squeeze-iran-war-drives-oil-prices?utm_source=rss_feed Fri, 06 Mar 2026 08:03:50 +0000 Kolette Lim Kolette Lim Indonesia will press on with reforms of its capital markets and go after market manipulators with the full force of the law well ahead of a May deadline set by leading index MSCI, the country’s top economic minister, Airlangga Hartarto, has vowed. A massive sell-off last Wednesday prompted the government to act, as investors exited after MSCI said it would stop making adjustments to Indonesian stocks, citing a lack of transparency in shareholding structures and concerns over coordinated trading... https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3342275/indonesias-top-economic-minister-vows-capital-market-reforms-not-merely-because-msci?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3342275/indonesias-top-economic-minister-vows-capital-market-reforms-not-merely-because-msci?utm_source=rss_feed Wed, 04 Feb 2026 00:01:44 +0000 Resty Woro Yuniar Resty Woro Yuniar Indonesia has unveiled a long-awaited permanent residency scheme aimed at strengthening ties with its diaspora and attracting global talent, but analysts warn that lingering restrictions could still deter the very people Jakarta hopes to bring home. The Global Citizenship of Indonesia (GCI) programme, announced on November 19, is widely seen by observers as Jakarta’s attempt to resolve a decades-old dilemma over dual citizenship – an option the government has repeatedly considered but ultimately... https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/politics/article/3334537/will-indonesias-new-global-citizenship-scheme-spur-diaspora-return?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/politics/article/3334537/will-indonesias-new-global-citizenship-scheme-spur-diaspora-return?utm_source=rss_feed Fri, 28 Nov 2025 11:30:07 +0000 Resty Woro Yuniar Resty Woro Yuniar Indonesia is intensifying a crackdown on illegally imported second-hand clothing blamed for battering its domestic textile industry, a move that has been welcomed by manufacturers but rattled thrift sellers and shoppers struggling with shrinking purchasing power. Finance Minister Purbaya Yudhi Sadewa announced plans to issue a new regulation reinforcing a 2022 Trade Ministry ban on used clothing imports. The measure would allow authorities to blacklist importers caught smuggling in used... https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/lifestyle-culture/article/3331831/indonesia-steps-crackdown-thrift-trade-bid-revive-ailing-textile-industry?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/lifestyle-culture/article/3331831/indonesia-steps-crackdown-thrift-trade-bid-revive-ailing-textile-industry?utm_source=rss_feed Fri, 07 Nov 2025 03:00:11 +0000 Resty Woro Yuniar Resty Woro Yuniar Indonesia’s plan to join the Brics-led New Development Bank (NDB) and fulfil a payment requirement for membership has spurred a debate on whether the move is feasible given the country’s strained finances to fund President Prabowo Subianto’s priority projects. Earlier this year, Prabowo announced that Indonesia was planning to join the NDB “to boost the national development transformation” after he met the bank’s chairwoman, Dilma Rousseff, in Jakarta. “The Indonesian government has decided to... https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3329132/will-indonesias-plan-join-brics-bank-lead-heavier-debt-burden?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3329132/will-indonesias-plan-join-brics-bank-lead-heavier-debt-burden?utm_source=rss_feed Wed, 15 Oct 2025 10:45:32 +0000