Editorial
Coming so soon after Indonesia drew a disapproving global eye toward its financial market and economic policymaking, perhaps the legal protections afforded to buyers of Patriot and Merah Putih bonds in the amended law demands a rethink, if not an overhaul.
A woman walks past the headquarters of state asset fund Danantara on Jl. Jend. Gatot Subroto in South Jakarta on May 6, 2026. (JP/Iqro Rinaldi)
An amendment to the Financial Sector Development and Strengthening (PPSK) Law, which appears to promise investors in Danantara’s novel Patriot Bonds and Merah Putih Bonds far-reaching legal immunity, has rightly raised alarm bells.
On the face of it, it is difficult to conceive of any righteous explanation for Article 50A, which was slipped into the law last month.
