Prabowo Hosts 2 Regional Leaders in Jakarta as Indonesia Faces Market-Status Risk
Updated
Updated · Bloomberg · Jul 11
Prabowo Hosts 2 Regional Leaders in Jakarta as Indonesia Faces Market-Status Risk
1 articles · Updated · Bloomberg · Jul 11
Summary
Jakarta became a diplomatic stage this week as President Prabowo Subianto hosted Indian Prime Minister Narendra Modi and Singapore Prime Minister Lawrence Wong.
The outreach comes as Indonesia faces rising market pressure, with S&P Dow Jones warning over the country’s market status.
That strain is also showing up in capital flows, with Indonesian tycoons shifting funds out of the country.
The meetings underscore Prabowo’s effort to project regional clout and shore up confidence as financial risks cloud Southeast Asia’s largest economy.