🚨 🇮🇩 Mass protests erupt across Indonesia after gasoline prices jumped more than 30% overnight.
Pertamax, the country's most popular fuel, rose from 12,300 to 16,250 rupiah per liter (+32%) on June 10, with subsidized Pertalite up 30% as well. Crowds have filled the streets of Jakarta, with motorcycle taxi drivers and students out in force.
Fuel hikes have brought down governments here before. The 1998 price riots ended Suharto's 31-year rule.
Indonesian President Prabowo’s $15B FREE school meals program is causing budget strain.
If that's not bad enough, it's been the source of food poisoning and corruption.
PRABOWO IS LOSING FISCAL CONTROL. THAT IS CREATING A CONFIDENCE PROBLEM AND A SINKING RUPIAH.
Investors are LOSING CONFIDENCE in Indonesian Pres. Prabowo's interventionist economic policies.
Foreign investors are abandoning Indonesia, like rats fleeing a sinking ship.
Indonesian stocks are down a STUNNING 31% this year, THE WORLD'S WORST PLUNGE.
Citing poor transparency and ownership concentration, MSCI is considering whether to DOWNGRADE Indonesia's market classification from “emerging” to “frontier” status.
PRES. PRABOWO'S INTERVENTIONIST ECON POLICIES = A NEGATIVE CONFIDENCE SHOCK.
Appalling. Komunitas pesantren bisa bikin org dipecat, ancem pidana, kampanye masif di sosmed sampai turun ke jalan utk sebuah kritik sosial. Energi yg sama hampir ga pernah dikerahkan utk isu2 krusial yg merugikan rakyat, bahkan ketika santri sendiri yg menjadi korban.
Penyitaan buku oleh polisi di kediaman Delpedro Marhaen, Direktur Yayasan Lokataru, menyita perhatian publik terutama pegiat literasi. Buku kini dianggap barang yang berbahaya seperti senjata.
Gw ngeliatnya kebijakan Bahlil dalam jangka panjang justru merugikan Pertamina.
Kenapa? Karena kebijakan kemaren malah nunjukkin secara eksplisit kalo Pertamina TERLALU KORUP/INKOMPETEN sampe ga bisa bersaing secara normal sama perusahaan swasta.