Indonesian Muhammadiyah Leader: Economic and Political Oligarchy Fuel Social Inequality
Economy

Indonesian Muhammadiyah Leader: Economic and Political Oligarchy Fuel Social Inequality

The leader of Muhammadiyah, Indonesia's largest Islamic organization, stated that economic and political oligarchy is widening social disparities. This statement highlights a significant societal issue amidst growing concerns over income inequality and unequal opportunities within the country.

Read up to 3 eligible full articles per Japan day (JST) for free

Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.

  • JP Morgan Recommends Accumulating Indofood Shares, Citing Undervaluation

    JP Morgan has recommended investors accumulate shares of PT Indofood CBP Sukses Makmur Tbk (ICBP), citing current undervaluation and strong financial performance. The firm highlighted robust growth in the instant noodle and dairy segments.

  • Gold Investment via Crypto: The Appeal of PAXG and XAUT

    Gold investment products utilizing cryptocurrency technology, PAX Gold (PAXG) and Tether Gold (XAUT), have emerged. These are backed by physical gold and offer the convenience of 24-hour trading. However, it's important to note that unlike directly holding physical gold bars, ownership is based on the issuer's terms.

  • Rupiah Continues Sharp Decline Amid Political Uncertainty

    Indonesia's Rupiah depreciated by approximately 0.66% against the US Dollar in the second week of November, closing at IDR 18,206. Political uncertainties surrounding the Vice President have negatively impacted market sentiment, with further declines predicted.

  • Gibran's Resignation: A New Test for Indonesia's Political and Economic Stability

    The resignation of Vice President Gibran Rakabuming Raka presents a new challenge to investor confidence in Indonesia's political and economic stability. While the Rupiah weakened, the stock market saw a temporary rise, indicating a mixed investor reaction.