Indonesian Protests Hit Markets, Spur Rethink of Law Changes
- Rupiah falls amid protests across major Indonesian cities
- Push to change election law is seen as anti-democratic
Protesters outside the parliament in Jakarta on Aug. 22.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
Indonesian lawmakers agreed to reconsider controversial election law changes on Thursday as protests intensified in multiple cities including the capital, triggering a sharp drop in the rupiah and stocks.
Lawmakers will pause legislation that would have undercut a Constitutional Court ruling earlier this week, and take time to assess the public reaction, Achmad Baidowi, the chairman of the parliament panel, said in a statement after the parliament adjourned proceedings earlier in the day.