Indonesia’s leaders promise that the country will be a world power by 2045, the centennial of its independence. Yet when shares plunge or smoke drifts abroad, officials reflexively blame foreigners. That blame game asks nothing of those in charge. Who really owns our listed companies? Who wins contracts through political connections? Who burns the peatland? […]

The post Chasing foreign phantoms in Prabowo’s embattled Indonesia appeared first on Asia Times.

2026, it is learning how quickly an index provider can show Southeast Asia’s biggest economy the exit, wreaking havoc on its stock market. The provider is MSCI, which may be about to follow through on its threat to downgrade Indonesian stocks to “frontier” status, or to something worse: a standalone market category. President Prabowo Subianto’s […]

The post Ghosts of ’97 haunt Prabowo as MSCI eyes Indonesia’s exit appeared first on Asia Times.

Successive Australian governments have reacted with alarm at China’s influence-building activities in Southeast Asia and the Pacific. They have passed foreign interference laws, tightened foreign investment regulations, and regulated university collaborations with institutions overseas. They have executed a Pacific Step-Up and a plan for greater trade and investment with Southeast Asia. And they have tightened […]

The post What Australia could learn from SE Asia about managing China appeared first on Asia Times.

The most consequential changes in a democracy do not always arrive with a constitutional crisis. Rather, they come through appointments, legal amendments and seemingly ordinary political bargains, accumulating one after another until the political system begins to look different from the one that came before. That is the real value of the “boiling frog” metaphor. […]

The post The slow boiling of Indonesian democracy appeared first on Asia Times.

Indonesia is buying the weapons of a modern military at a pace rarely seen in its recent history. Rafale fighter jets are entering service, and the country has contracted for 48 KAAN fighters from Turkey. The navy has taken delivery of two Italian PPA warships and commissioned a former Italian aircraft carrier, the Giuseppe Garibaldi, […]

The post Indonesia’s arms spree only the start of a modern military appeared first on Asia Times.