# Prabowo's inner circle spooks markets as Indonesia swings from darling to laggard
> Insiders blame erratic, poorly communicated policy and an opaque advisory court; a Tony Robbins session at the palace becomes the symbol of the unease

**Meta:** type: story · date: 2026-06-16 · heads: 谁的钱, 谁说了算 · 9 takes · 4 lenses · 3 regions

## Summary

[Prabowo Subianto](/zh/entity/prabowo-subianto)'s economic management is unsettling markets. A Bloomberg
investigation describes an opaque inner circle — ex-military colleagues, family and
ad-hoc advisers — whose erratic, poorly communicated decisions have produced a "crisis of
confidence", swinging [Indonesia](/zh/entity/indonesia) from emerging-market darling to global laggard. The
[rupiah](/zh/n/prabowo-rupiah-record-low) breached 18,000/USD for the first time; a palace
session in which Prabowo and ministers did breathing exercises with motivational speaker
Tony Robbins, celebrating his free-meals programme, crystallised elite unease. The
president rejects the "hostile to investors" framing, points to a new acceleration task
force (P2SP) to clear bottlenecks, and his spokesman touts Rp2,430tn in pledged
investment from foreign trips. But analysts say rate hikes alone will not restore
confidence; the state wealth fund Danantara priced its first dollar bond into a wary
market.

## By the numbers

- 18,000 — rupiah/USD level breached for the first time.
- Rp2,430tn — investment pledges the palace attributes to Prabowo's foreign visits.
- P2SP — new Strategic Program Acceleration Task Force to clear licensing bottlenecks.
- Darling → laggard — Bloomberg's framing of Indonesia's 2026 reversal.

## Why it matters

Indonesia is Southeast Asia's largest economy; capital flight and a sliding rupiah raise
import-cost and debt-service pressure and test central-bank credibility. The doubt is
about *process* — who decides, and how — as much as policy,
making it harder to reassure investors with single measures.

## What to watch

- Bank Indonesia's rate path and FX intervention as the rupiah tests new lows.
- Whether Prabowo formalises and clarifies his economic decision-making.
- Danantara fund-raising and foreign-direct-investment realisation vs. pledges.

## Regional takes (batched by bias / lens)

### unlabelled
- **Bank Indonesia (rupiah reference rate, JISDOR)** (Indonesia, id) — Bank Indonesia's official daily reference rate — the primary record of the rupiah's slide past 18,000/USD that the confidence story tracks.
  Source: https://www.bi.go.id/en/statistik/informasi-kurs/jisdor/default.aspx
- **Bloomberg (crisis of confidence)** (United States, en) — 
  Source: https://www.bloomberg.com/news/articles/2026-06-05/indonesia-facing-a-crisis-of-confidence-as-markets-divine-prabowo-s-wiles
- **Bloomberg (rate hikes)** (United States, en) — 
  Source: https://www.bloomberg.com/news/articles/2026-06-10/prabowo-needs-more-than-rate-hikes-to-fix-market-analysts-say
- **Bloomberg (Danantara bond)** (United States, en) — 
  Source: https://www.bloomberg.com/news/articles/2026-06-11/danantara-starts-bond-sale-in-test-after-indonesian-selloff
- **South China Morning Post** (Hong Kong, en) — 
  Source: https://www.scmp.com/topics/prabowo-subianto
- **ANTARA News (resistance to transformation)** (Indonesia, id) — 
  Source: https://en.antaranews.com/news/417489/prabowo-warns-of-resistance-to-indonesias-economic-transformation

### global markets / business
- **Bloomberg** (United States, en) — The anchor investigation: maps an opaque circle of military ex-colleagues, family and ad-hoc advisers around Prabowo whose erratic, poorly communicated decisions have driven a 'crisis of confidence', turning Indonesia from emerging-market darling into a global laggard.
  > "Indonesia has swung from emerging-market darling to global laggard, insiders blaming the president and his inner circle for erratic, poorly communicated policies."
  Source: https://www.bloomberg.com/news/features/2026-06-16/prabowo-s-inner-circle-unnerves-investors-and-jolts-indonesian-rupiah

### Indonesian independent / investigative
- **Tempo** (Indonesia, id) — Carries the palace's counter-narrative — spokesman Teddy's claim that Prabowo's foreign trips have netted Rp2,430 trillion in investment pledges — the optimistic official line set against the market's verdict.
  > "The palace says Prabowo's foreign visits secured Rp2,430 trillion in investment commitments, countering the market gloom."
  Source: https://en.tempo.co/read/2106371/prabowos-foreign-visits-bring-rp2430-trillion-investment-teddy-claims

### Indonesian state news agency
- **ANTARA News** (Indonesia, id) — The official reassurance: Prabowo insists Indonesia remains open to foreign capital and points to a new Strategic Program Acceleration Task Force (P2SP) to clear licensing and regulatory bottlenecks — the state framing of investor outreach.
  > "Prabowo dismissed claims his administration is hostile to investors, saying Indonesia remains open and is seeing strong interest across sectors."
  Source: https://en.antaranews.com/news/418768/prabowo-says-indonesia-remains-open-to-foreign-investors

## Across the graph
- Related: [[prabowo-rupiah-record-low]], [[asean-russia-kazan-summit]]
- Entities: Prabowo Subianto, Indonesia

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Canonical: https://rbtfl.xyz/zh/n/prabowo-inner-circle-investor-confidence