Are Indonesia’s Prabowo and ultra rich ‘9 Dragons’ on a collision course?
Indonesian President Prabowo Subianto is implementing more interventionist economic policies that appear to challenge the influence of the country's wealthiest business families, known as the 'Nine Dragons.' While the president seeks to centralize control over key exports and state projects, analysts note that the government remains dependent on private capital from these same tycoons.
Indonesian President Prabowo Subianto’s push to reorganise Southeast Asia’s largest economy around a stronger, more interventionist state has put him increasingly at odds, analysts say, with the country’s so-called Nine Dragons.
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