Are Indonesia’s Prabowo and ultra rich ‘9 Dragons’ on a collision course?
- Posted on August 5, 2026
- By South China Morning Post
- 2 Views
- 1 min read
In brief
Indonesia's newly appointed leadership under Prabowo faces mounting tensions with the country's established business oligarchs, commonly known as the '9 Dragons.' This power struggle reflects a deeper government strategy to consolidate state control over key economic sectors while marginalizing independent corporate influence. The confrontation reveals ideological shifts in Jakarta's approach to managing wealth concentration and private enterprise, potentially reshaping Indonesia's business landscape.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Are Indonesia’s Prabowo and ultra rich ‘9 Dragons’ on a collision course?
Analysts say the pressure on Indonesia’s older business elite forms part of a broader two-pronged strategy of state capitalism.
