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Indonesia’s stocks fall, currency weakens as protests dent sentiment

A protester walks with an Indonesian flag in front of a police headquarters that was set on fire and looted during demonstrations in Surabaya on August 31, 2025. Juni Kriswanto | Afp | Getty Images Indonesia is facing a tough political climate, as it grapples with protests over rising living costs, lawmakers’ pay and police … Read more

The pirate flag from anime ‘One Piece’ is Indonesia’s newest protest symbol—and officials are cracking down

Indonesia is cracking down on a viral pirate flag that is spreading as a symbol of political protest ahead of independence day. The Jolly Roger skull and bones with a straw hat—from Japanese anime series “One Piece”—has been fluttering from a rising number of trucks, cars and homes. Officials warn the “provocation”—seen by many as … Read more

Bitcoiners present Saylor’s Bitcoin thesis to Indonesia’s VP office

Key Takeaways Bitcoin Indonesia representatives discussed Bitcoin’s potential as a sovereign reserve and its role in financial resilience with the Indonesian Vice President’s office. The meeting emphasized the need for national-level Bitcoin education and presented Michael Saylor’s Bitcoin price projections for 2045. Share this article Representatives from Bitcoin Indonesia, one of the country’s largest Bitcoin … Read more

Indonesia’s crypto tax revenue surges to $36.4m ahead of 0.1% to 0.8% raise

Indonesia’s crypto tax revenue continues to rise, reaching as high as $36.40 million yearly. The government is preparing to hike up the tax rate for crypto transactions this month. According to data from the Directorate General of Taxes reported by local media outlet Tirto, Indonesia’s cryptocurrency tax revenue managed to reach between Rp500 billion ($31.25 … Read more

GoTo, Indonesia’s onetime tech darling, banks on fintech to give its superapp a second life

The Southeast Asian super apps GoTo and Grab have a lot in common. Both started in the early 2010s to fill a hole in the on-demand, private-hire transport and delivery service sector before moving toward the idea of a super app (much like what is seen in China), later adjusting their strategies to streamline offerings. … Read more

Prabowo faces investor revolt over Indonesia’s economic path

For months, President Prabowo Subianto’s moves to chip away at Indonesia’s long-established economic guardrails have stoked anxiety in markets. This week’s sudden rout suggests investor patience is wearing thin. The ex-general has been causing unease with his populist spending measures, plans to dilute the central bank’s independence and aggressive policies against foreign businesses like Apple … Read more

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