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Indonesia's President Prabowo Subianto has nominated Destry Damayanti, the central bank's second-ranking official, as the sole candidate for governor. Parliament must approve the appointment within a month.
Indonesia faces mounting job losses with 32,389 layoffs recorded in the first half of 2024. The government is weighing emergency measures to save companies against broader structural reforms needed to improve the business environment.
Standard & Poor's has reaffirmed Indonesia's sovereign credit rating at BBB with a stable outlook, underscoring international confidence in the Southeast Asian nation's economic fundamentals and policy coordination between the government and central bank.