Kicking them while they are down: the phrase aptly illustrates what U.S. President Donald Trump’s tariff bomb does, or is about to do, to Indonesia’s economy, which has been down for quite some time. In 2024, according to the Ministry of Manpower, as many as 77,965 workers were laid off.Continue Reading
The recent establishment of Danantara, Indonesia’s new sovereign wealth fund, has generated significant public interest but also a degree of concern. Such reactions are understandable in a country with Indonesia’s complex political and economic landscape, where large-scale institutional innovations often provoke skepticism and uncertainty. However, it is important to recognizeContinue Reading
A day before U.S. President Donald Trump’s harsh “reciprocal tariffs” are set to come into effect, Southeast Asia’s major economies continue to reel from the globe-shaking announcement, as their governments hastily cobble together a response. Stock markets in Singapore, Malaysia, Thailand, and the Philippines tumbled when trading opened yesterday, afterContinue Reading
