Indonesia’s New Finance Minister: What Suahasil Nazara’s Appointment Means for the Market
On September 14, President Prabowo Subianto swore in Suahasil Nazara as Indonesia’s new Minister of Finance, replacing Purbaya Yudhi Sadewa after just over a year in the post. It’s the second finance ministry change in roughly twelve months – Purbaya himself only took over from Sri Mulyani Indrawati in September 2025 – and it comes […]
Indonesia Finally Writes the Rulebook. Now Comes the Hard Part
For three years, Indonesia’s Personal Data Protection Law sat there like a promise half-kept. Law No. 27 of 2022 gave the country its first comprehensive data protection statute. A milestone, everyone said. And it was. But a law without implementing regulation is a house without doors – you can see the shape of it, admire […]
Danantara Indonesia: Can It Match Norway’s Oil Fund?
Looking closely at Danantara Indonesia brings into focus two nations, two fortunes, and two very different ideas of stewardship. I grew up watching Norway save. Instead of spending our wealth, we chose to save it. When oil came out of the North Sea, our leaders decided to lock most of it away for future generations. […]
Why Indonesia’s Wealth Strategy Works for Family Offices
For decades, global wealth management centered on a few established financial hubs like Singapore, Hong Kong, Switzerland, and London. Indonesia rarely entered those discussions. That dynamic is changing rapidly. Jakarta is not trying to replace Singapore as a hyper-liquid trading hub. Instead, Indonesian policymakers are actively courting a different class of investor—one that prioritizes multi-generational […]
Indonesia 2045: Ambition Is No Longer the Problem. Execution Is
Every country has a vision. Walk into the planning ministries of almost any developing nation, and you will find ambitious blueprints and glossies detailing a prosperous future. Yet, history tells us that some countries write brilliant plans that never leave the pages of government reports, while others quietly turn those long-term goals into roads, factories, […]
Danantara, BUMN Reform, and Indonesia’s Next Chapter
Indonesia has never been shy about thinking big. From downstreaming nickel and minerals to creating sovereign investment vehicles and pushing strategic industries, the country has been steadily moving toward a stronger and more coordinated economic model. Some see this as intervention. Others see it as long-term nation building. The latest move comes through Presidential Instruction […]
Eighty-One Years On, A President Raises His Fist
Jakarta, August 14. Friday morning. Parliament sits. The cameras roll. Gibran listens from his seat beside the podium. Somewhere in the room, Jokowi watches the man who succeeded him deliver a speech neither of them could have written the same way. Prabowo Subianto stands before the MPR for the second time as president. Fist raised. […]