Citi, HSBC, StanChart Send More Indonesia Profits Back Home as Prabowo Demands Rise

The three biggest foreign banks in Indonesia have shipped around $640 million of their earnings out of Southeast Asia’s largest economy since 2024 as they pare exposure amid President Prabowo Subianto’s increasingly state-focused economic policies. This story was reported by Bloomberg. For more Finance news in Kenya, stay tuned to Masaa.