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Serious Global Investors running road from Incredible India!

What say Sinki is a fair weather friend?
 
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Prabowo’s Biggest Crackdown on Tycoons Shocked His Own Officials​




Prabowo Subianto

Prabowo SubiantoPhotographer: Bay Ismoyo/AFP/Getty Images
By Faris Mokhtar, Eddie Spence, and Harry Suhartono
May 21, 2026 at 9:50 AM GMT+8
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Takeaways by Bloomberg AI​

In early May, President Prabowo Subiantosummoned a handful of his most trusted advisers to his house in south Jakarta to discuss how to find more revenue as surging oil prices stretched Indonesia’s finances.

The small group eventually agreed on a sweeping change that would fundamentally upend one of the most important sectors in the resource-rich Southeast Asian economy: The creation of a new state entity under sovereign wealth fund Danantara to oversee Indonesia’s world-leading exports of palm oil, coal and ferro-alloys, which together amounted to more than $65 billion last year.

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Good times are gone since Iswaran is no longer around to 'negotiate good deals' between Sinkieland and India. :unsure:








 
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