The amount, widely reported to be some 10 times the minimum wage in Jakarta, was met with initial discontent on social media before escalating to full-fledged protests on the streets.
Economists Lavanya Venkateswaran and Ahmad A Enver of OCBC Global Markets Research (OCBC) have kept their 2025 gross domestic product (GDP) growth forecast of 4.7% for Indonesia despite the recent series of protests across the nation’s capital and other key cities.
The protests peaked on Aug 25 in Jakarta following President Prabowo Subianto’s announcement of increasing Indonesian lawmakers’ monthly allowance to INR50 million ($3,913) among other perks.
