Key developments: Starting October 17, 2026 the Bali provincial government and state‑owned PT Pertamina Patra Niaga will enforce an odd‑even licence‑plate system for fuel purchases at gas stations across the island. The measure aims to curb shortages by…
Continue reading Bali Rolls Out Odd-Even Fuel Purchase System Amid Ongoing Queue ChaosKey developments – On October 17, 2026 Bali’s provincial government and state‑owned PT Pertamina Patra Niaga rolled out an odd‑even licence‑plate system that restricts fuel purchases at gas stations based on the vehicle’s plate number. The measure was intended to curb…
Continue reading Bali launches odd‑even licence‑plate fuel scheme amid lingering long queuesThe Indonesia Stock Exchange warned investors to keep a long‑term view after MSCI signaled it may reclassify the Indonesian market, prompting a sudden sell‑off that saw the benchmark index tumble around 8‑10 percent. MSCI’s concerns centre on opaque ownership,…
Continue reading MSCI downgrade proposal triggers sharp IDX plunge and market anxiety in IndonesiaThe Indonesia Stock Exchange saw its benchmark tumble more than 11% after MSCI announced a proposal to move the country from an emerging‑market classification to a standalone status. MSCI cited concerns over opaque ownership, concentrated shareholdings and alleged…
Continue reading MSCI threatens to reclassify Indonesia’s market, sparking a sharp sell‑off on the IDXIndonesia’s equity market faced an abrupt 11‑percent plunge after MSCI announced it would reclassify the country from an emerging‑market index to a “standalone” status, a move that could pull billions of dollars of passive investment out of the…
Continue reading MSCI Moves to Strip Indonesia of Emerging‑Market Status, Triggering Massive Market Sell‑offKey developments: MSCI announced that Indonesia no longer meets the criteria for emerging‑market status and will move the country to a “standalone” classification, which would remove Indonesian stocks from the globally‑watched MSCI indexes. The decision triggered an immediate…
Continue reading MSCI threatens to drop Indonesia from emerging‑market indexes, sparking massive sell‑offPresident Prabowo Subianto gathered hundreds of senior military and police officers at the Presidential Palace, signalling a push to further consolidate his control over the armed forces amid recent police leadership changes and speculation about a new military…
Continue reading Prabowo Tightens Grip on Security Forces as Indonesia’s Vice President Gibran Clears Legal Hurdle and National Soccer Team Wins Inaugural FIFA ASEAN CupPresident Prabowo Subianto gathered hundreds of senior military and police officers at the Presidential Palace, signaling a move to consolidate authority over the armed forces amid recent leadership changes in the police. This power consolidation comes as the…
Continue reading Prabowo Tightens Grip on Security Forces as Indonesia Faces Legal, Environmental and Economic Challenges