global markets / foreign-bank view
By lens · 1 takes across the edition
Bloomberg (capital flight, June 28) · United States · Prabowo's rupiah breaks 18,000 as investors flee Indonesia's worst-performing currency
Reports Citi, HSBC and Standard Chartered have repatriated ~$640m of Indonesia profits since 2024 amid Prabowo's state-first economic policies, while Danantara simultaneously sought a $10bn loan facility from the same foreign lenders, a visible paradox of simultaneous capital flight and financing demand.
“Citi, HSBC and StanChart shipped ~$640m of Indonesia profits home as Prabowo's state-directed demands rose.”