Prabowo Joins June 3 Tony Robbins Rally as Rupiah Nears Fresh Lows
Updated
Updated · Bloomberg · Jun 16
Prabowo Joins June 3 Tony Robbins Rally as Rupiah Nears Fresh Lows
1 articles · Updated · Bloomberg · Jun 16
Summary
June 3 exercises led by Tony Robbins drew President Prabowo Subianto and senior ministers just as Indonesia’s rupiah slid toward new lows, alarming business elites who saw a lack of urgency.
Those concerns were sharpened by a broader market rout: Indonesia has the world’s worst-performing stock market and has suffered billions of dollars in foreign investor withdrawals.
The event was held to celebrate Prabowo’s signature free meals program, but for some establishment figures in attendance it came to symbolize an inner circle out of step with mounting economic stress.
The episode adds to investor unease over how Prabowo’s administration is responding to currency weakness and market pressure at a sensitive moment for Southeast Asia’s largest economy.