Indonesia’s Prabowo faces pushback from tycoon families
The short version
Indonesian President Prabowo Subianto’s plan to expand state intervention in the economy has drawn criticism from the country’s wealthiest business families, locally referred to as the ‘Nine Dragons’. The dispute centers on Prabowo’s efforts to reorganize Southeast Asia’s largest economy around a more centralized model.
Indonesian President Prabowo Subianto is pursuing a policy to reorganize the country’s economy around a stronger, more interventionist state.2 Analysts say Prabowo’s economic approach has put him at odds with the ‘Nine Dragons’, a term used for some of Indonesia’s richest tycoon families.2 The ‘Nine Dragons’ label refers to a loose grouping of Indonesia’s wealthiest business families, many of whom are Chinese Indonesian.2
The families’ interests span multiple sectors of Indonesia’s economy.2 Prabowo Subianto has faced repeated criticism for his communication style, which some describe as populist and controversial.1
Why it matters
The ‘Nine Dragons’ is a local shorthand for Indonesia’s most prominent business dynasties, often linked to significant economic influence.2
This account was written from the 2 reports listed below, filed by 2 independent outlets, and checked against them line by line. It is not a copy of any one of them. Spotted an error? Tell us.
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