Student Protests: Hundreds of Indonesian students flooded Jakarta on June 12, rallying under “Heading to Bankrupt Indonesia” against fuel and food price hikes, what they call wasteful spending, and the expansion of military roles in civilian life; police and soldiers were deployed in large numbers as protesters tried to reach the HI Roundabout and the palace area. Fuel & Food Pressure: The protests were sparked by this week’s gasoline price increase and broader cost-of-living strain, with students demanding rollback of Prabowo’s free-meals and village cooperatives programs. Danantara Clarification: Reuters reports Danantara’s export unit will not take over existing contracts or customer ties, saying its role is supervision via export transaction data—aimed at reducing state losses from under-invoicing and transfer pricing. Rupiah Watch: Bank Indonesia said the rupiah strengthened back below Rp18,000 after an off-cycle rate hike to 5.5%, supported by foreign inflows into SRBI and government bonds. Soybean Crisis: Indonesia is moving to cushion tempeh producers as soybean prices jump nearly 30%, with a Rp2,000/kg subsidy plan for imported soybeans to stabilize supply and prices. Budget Execution Focus: CPD warned the FY27 budget may be ambitious, but results will hinge on execution quality, not just size. Diplomacy & Trade: Indonesia and China agreed to broaden cooperation on HR development, technology transfer, and vocational education as they mark 76 years of ties.