Prabowo Subianto stories

Jul 27, 2026

Indonesia Central Bank Governor Perry Warjiyo resigns abruptly

Perry Warjiyo stepped down as Bank Indonesia governor on July 25, 2026, two years before his term ended, citing personal reasons. His unexpected departure rattled financial markets, weakened the rupiah, and raised concerns about central bank independence under President Prabowo Subianto.

Jul 27, 2026·5 sources

Jun 12, 2026

Indonesian students protest government spending and fuel price hikes amid economic strain

Hundreds to thousands of Indonesian students rallied in Jakarta on Friday to protest President Prabowo Subianto's spending priorities, recent gasoline price increases, and what they describe as wasteful welfare programs. Demonstrators warned of potential economic crisis and demanded lower fuel and food prices.

Jun 12, 2026·4 sources

Top claims

▪Economists and analysts expressed concerns that Perry Warjiyo's sudden resignation could weaken Bank Indonesia's independence and place monetary policy under executive control.
▪Analysts noted that the potential appointment of President Prabowo Subianto's nephew, Deputy Governor Thomas Djiwandono, as permanent governor would be viewed with suspicion by markets.
▪Bank Indonesia kept its benchmark interest rate unchanged at 5.75% in July 2026, after raising rates by 100 basis points since May 2026 to support the rupiah.

Topics

Central bank independence Government spending Economic crisis Student protests Cost of living

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Indonesia Jakarta

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