When Rp190 Trillion Lost in a Day, Indifference Is Risky
Monday, April 14, 2025
President Prabowo downplays the stock market crash. But it signals real risks and erodes public wealth.
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PRESIDENT Prabowo Subianto has never been shy about his negative sentiment against the stock market. For him, a decline in share prices is merely a routine occurrence, nothing to worry about. While that perspective is not entirely unfounded, it is dangerously misguided for a head of state to dismiss the recent collapse in share prices on the Indonesia Stock Exchange (IDX).
In terms of its proportion to the broader economy, the IDX remains r
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