Indonesia saves$4.7B to shield economy from Middle East war fallout
Indonesia is saving up to 80 trillion rupiah ($4.7 billion) to protect its economy from Middle East war impacts, according to President Prabowo Subianto. The Southeast Asian nation is implementing fuel-saving measures including one day of remote work weekly for government workers. This follows soaring global oil prices from US-Israeli strikes on Iran and Tehran's Gulf response. President Subianto stated the government is "making every effort" to cut energy costs and boost solar power production. While defending its 30-40% fuel subsidies covering 15% of the budget, the government aims to raise economic growth from 5.1% to 8% by 2029 through public spending. Unlike neighbors, Indonesia hasn't seen fuel queues yet. The work-from-home policy will be announced "as soon as possible".