The downstreaming policy and other programs will serve as a proving ground for the depth of Prabowo and Jokowi’s relationship. It will be a testbed to reveal how both figures manage conflicts and resolve differences in interests and perspectives.
Indonesia’s legendary conglomerates teamed up with the government to drive the National Capital City (IKN) Nusantara mega-project. Efforts are underway to revise laws to ensure project continuity.
Long-term risks from the credit insurance line overshadow the general insurance and reinsurance industry, while life insurance struggles to reverse the weakening of key financial ratios. The gloomier economic prospect has kept the industry on alert.
The local video streaming service under Elang Mahkota Teknologi (Emtek) Group, Vidio, is Indonesia’s most popular video-on-demand (VOD) platform, beating Netflix and Disney+.
The Indonesian government is looking at ways to "normalize" the energy subsidy budget. One-fifth of the state budget is at risk of being used up for this need this year.
