China and India are trying to write a new page of the world economy

China and India could soon become the key drivers of global demand and output, Michael Ivanovitch writes.

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Danantara: Prabowo’s Bold Vision to Transform Indonesia’s Economy

In the heart of Indonesia’s economic transformation, a new initiative is set to redefine the role of state-owned enterprises (SOEs) and pave the way for national prosperity. Danantara, officially named Daya Anagata Nusantara, is a visionary economic strategy introduced by President Prabowo Subianto in 2025. This initiative aims to consolidate and optimize the management of …

Sumitronomics: Balancing Socialism and Pragmatism in 100 Days Prabowo’s

Just four months after Prabowo Subianto was inaugurated as President, the public raised their dissatisfaction with several of his administration’s policies, which appear to be growing. Student demonstrations and civil society protests since mid-February 2025 indicate that Prabowo’s new government have institutional reforms and an administration-style shift that has not yet been effectively communicated to …

Platform Banking: The way to the future for Islamic Banking

Islamic banking is entering the state of irrelevance, or impasse. Many countries adopting dual banking system are witnessing the growth of Islamic banking sector stagnating. Indonesia for instance is growing at single digit in 2017, much lower than its peak of 47% in 2011, or 15-20% in the last three years. The growth of innovative …

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