Video: Rupiah and JCI Plummet Amid Selling Pressure, What are the Sentiments?

Jakarta, CNBC Indonesia - President Prabowo Subianto has replaced Dadan Hindayana as the Head of the National Nutrition Agency (BGN), appointing the Deputy Head, Nanik S Deyang, to the position. This leadership change within the BGN has become a focal point for market participants. Elvan Chandra Widyatma, FX Analyst at CNBC Indonesia Research, noted that the market is closely observing the management of the Free Nutritious Meal (MBG) programme, which requires a substantial allocation from the State Budget (APBN). Amid significant global volatility, there are concerns that the governance of the MBG programme could further pressure the resilience of the state budget in maintaining a deficit below 3%.