RUPIAH UNDER PRESSURE, STOCKS SLIDE HOW RESILIENT IS INDONESIA’S ECONOMY

INDONESIA'S FINANCIAL MARKETS ARE FACING MOUNTING PRESSURE. THE RUPIAH HAS WEAKENED SHARPLY AGAINST THE U.S. DOLLAR, TRADING BETWEEN 17,700 AND NEARLY 18,000 RUPIAH PER DOLLAR, WHILE THE JAKARTA COMPOSITE INDEX, OR IHSG, HAS PLUNGED TO AROUND THE 5,900 LEVEL, ITS DEEPEST DECLINE IN RECENT YEARS. THE DEVELOPMENTS HAVE RAISED CONCERNS AMONG INVESTORS, BUSINESSES, AND POLICYMAKERS ALIKE. TO HELP US UNPACK THE IMPLICATIONS OF A WEAKER RUPIAH, A DECLINING STOCK MARKET, AND THE POTENTIAL SHORT- AND LONG-TERM RISKS FACING THE INDONESIAN ECONOMY, JOINING WITH US PROFESSOR ARIAWAN GUNADI, AN EXPERT IN BUSINESS LAW AND INTERNATIONAL TRADE.