Viewpoint Friday: Indonesia's falling rupiah. Why Singapore should pay attention

Published on 5 Jun 2026
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Indonesia's Rupiah just hit a historic low of 18,000 to the US dollar. Then parliament fast-tracked a law changing how the central bank operates. Vishnu Varathan, Head of Macro Research for Asia ex-Japan at Mizuho Bank, explains what's driving capital out of Indonesia, what it means for Singapore, and whether that Bali holiday is really as cheap as it looks.

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