Indonesia’s tycoons will continue pouring money into real estate next year despite high interest rates and a tight presidential election, partly thanks to government incentives.
Whoever wins Indonesia’s 2024 presidential election must have the technocratic capacity to develop the country’s human capital, says this ISEAS-Yusof Ishak Institute researcher.
Mr Prabowo Subianto spoke about emulating China in poverty reduction and other ways at a forum this week. He may be keen to engage more with Beijing, but will face limitations in leaning away from the US, analysts say.
The incoming commander of the Indonesian military will need to confront budgetary pressures, domestic security concerns and growing threats to regional security.