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Navigating Indonesia’s Regulatory Complexity and Shifting Budget Priorities
WHAT YOU NEED TO KNOW President Prabowo Subianto began the year with approval ratings of around 80 percent. His early popularity has been driven by follow-through on campaign promises and moves like canceling a value-added tax hike. Prabowo in February launched Danantara, a new sovereign wealth fund taking over state-owned enterprises. Its investment arm is funded through major budget reallocations. Major bills on state-owned enterprises, mining and the military passed after just weeks of deliberation. … Continue Reading
Douglas E. Ramage
