On one hand, he said the initiative could support the sustainability of emerging digital media. On the other, it risked undermining journalistic independence through state influence.
ICW said the lack of publicly available data points to two possible scenarios.
The rupiah weakened on Tuesday (5 May 2026), even as Indonesias statistics agency reported economic growth of 5.61 per cent.
TheIndonesia.co - The rupiah weakened further against the US dollar in Monday’s (11/5/2026) trading session amid mounting global pressures and fragile domestic sentiment.
According to Bloomberg data, the rupiah closed at Rp17,407 per US dollar in the spot market, down 25 points or 0.14 per cent compared with Friday’s closing position of Rp17,382 per US dollar.
Meanwhile, Bank Indonesia’s Jakarta Interbank Spot Dollar Rate (Jisdor) set the rupiah at Rp17,375 per US dollar.
Doo Financial Futures analyst Lukman Leong said the rupiah’s decline was driven by rising global crude oil prices, which strengthened the US dollar.
He noted that stalled negotiations between the United States and Iran had intensified concerns over global energy supplies, adding pressure to emerging market currencies.
“The rupiah will remain under pressure alongside a stronger dollar and higher global crude oil prices,” Lukman said.
In addition to external pressures, investors are also monitoring weakening domestic economic indicators. Market participants are concerned that Indonesia’s consumer confidence index could fall from 122.9 to 122.0.
The expected decline is seen as reflecting weakening public optimism towards the national economy.
The rupiah’s depreciation was also in line with broader movements across Asian currencies. South Korea’s won recorded the sharpest decline, falling 0.73 per cent, followed by the Thai baht, which slipped 0.56 per cent.
By contrast, the Chinese yuan and Taiwan dollar posted slight gains against the US dollar.
Lukman projected that the rupiah would trade within the range of Rp17,300 to Rp17,400 per US dollar throughout the week.
