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Indonesia's President Prabowo Subianto visits Bali's first school under the Sekolah Rakyat (People's Schools) programme, at Tabanan in Bali, on June 7, 2026. [AFP]
Indonesia's economy faces a perfect storm wrought by high energy prices, and while the currency has rebounded slightly, critics warn government policies are unnerving investors at a critical moment.
Southeast Asia's biggest economy, a net oil importer, was hit hard by the global surge in crude prices fuelled by the Middle East war.
To shield its citizens, the government has insisted on maintaining a costly subsidy on fuel and a multi-billion-dollar school meal programme criticised for being wasteful as well as causing mass food poisoning.
