Hundreds of students marched in Jakarta, Indonesia, AGAINST President Prabowo’s spending agenda, fuel price hikes, and Prabowo's troubled free meals program.
NO WONDER THE RUPIAH IS TANKING.
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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.
🚨 🇮🇩 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.
Lucu rasanya. Pasukan lengkap TNI-Polisi dikerahkan untuk menghadang barisan orang muda tanpa senjata yang hendak menyuarakan haknya. Mengingat berkali-kali menyaksikan negara begitu “softspoken” sama penjahat perang macam Trump dan Netanyahu. Tapi berlaga sangat galak kepada rakyatnya sendiri. Republik anomali
For those who want a bit more context: a massive student and worker protest is unfolding in Indonesia’s capital in response to the Prabowo government’s decision to raise fuel prices, alongside other policies that many Indonesians are calling corrupt because they deepen the burden on working-class Indonesians already struggling with rising living costs and a weakening rupiah.
What’s fueling the anger even further is the broader feeling that economic pressure is being pushed downward onto ordinary people while major policy decisions continue to favour politicians and the ultra wealthy.
Just last year, Indonesians protested over the same kind of government corruption, which led to a crackdown on its own civilians using military force in cities like Jakarta and Bandung, resulting in multiple deaths and injuries, including those of students.
This situation, however, embarrassed the Probowo government, as people from all over the world began paying attention and massed mobilised to send food, medical/legal aid and financial donations via apps like Grab and Ojek (the region’s equivalent of Uber) the movement received particularly strong support from people across Asia, especially Southeast and East Asia, while also drawing contributions from around the world. This is why Indonesians are asking the world pay attention to their country again.
Indonesia was once seen as a darling of investors. But fears of corruption and policy missteps are raising concerns about the country’s economic future
https://t.co/Himk6JYfLr
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.