🌍On MoneyFM 89.3 veteran Indonesia watcher Richard Borsuk joins Saturday Mornings Show host Glenn van Zutphen to decode the market jitters shaking Southeast Asia’s largest economy.

Indonesia isn’t in crisis but the warning lights are flashing brigthly. The rupiah is sliding, foreign investors are pulling back, and Jakarta’s once‑rock‑solid macro credibility is wobbling.

Two big shifts are spooking markets:
• Fiscal drift — ballooning subsidies, off‑budget spending, and unpredictable commodity controls.
• Institutional drift — amendments expanding Bank Indonesia’s mandate and raising doubts about its independence.

For two decades, Indonesia’s superpower wasn’t growth — it was credibility. A disciplined central bank. Predictable policy. Investor trust. That foundation is now under pressure. We break down the risks, the politics, and why Singapore and the region should be paying close attention.