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Analysis: Panda Bond success tests its geopolitical balancing act

For most of his first two years in office, President Prabowo Subianto enjoyed a honeymoon that simply refused to end. Survey after survey showed him with approval numbers most world leaders can only dream of. That period has now ended. It was a long and genuinely good run, but the latest data from Saiful Mujani Research and Consulting (SMRC) confirm that political reality has caught up with him.

Analysis: Panda Bond success tests its geopolitical balancing act

Indonesian President Prabowo Subianto's popularity has waned significantly since the early days of his tenure, according to recent survey data from Saiful Mujani Research and Consulting (SMRC). Once enjoying approval ratings as high as 81.2 percent, Prabowo now sees satisfaction with his performance at just 51.1 percent, according to a July 2026 survey conducted between July 5 and 19.

This decline, coupled with growing dissatisfaction at 46.9 percent, marks a stark contrast to President Joko "Jokowi" Widodo, whose approval numbers rose from 62 percent at inauguration to a peak of 81.7 percent in May 2023. Political analysts attribute Prabowo's drop in popularity to unmet promises, including efforts to curb corruption and increase GDP growth, as well as challenges such as a weak rupiah, sluggish stock market, and concerns over state spending and central bank independence.

The comparison to American presidents further highlights Prabowo's unique position, with Trump's second term beginning in January 2025 at a historically low 47 percent approval, far lower than Prabowo's current standing.

Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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67 people arrested for illegally distributing marine oil, including fraudulent acquisition of tax-free fuel for fishing 부산지방해양수산청과 부산해양경찰서는 5월 16일부터 7월 31일까지, 해양경찰청과 합동으로 해상에서의 석유유통 불법행위에 대한 특별단속을 실시하여, 어업용 면세유를 부정 수급하거나 해상에서 불법으로 석유를 유통한 67명을 검거하였다고 밝혔다. During the special crackdown on illegal maritime oil distribution conducted jointly with the Korea Coast Guard from May 16 to July 31, the Busan Regional Maritime Affairs and Fisheries Office and Busan Coast Guard arrested 67 people for fraudulently acquiring tax-free fuel for fishing and illegally distributing oil at sea. 이번 특별단속에서는 선박연료유 공급업체가 어업용 면세유를 공급하면서 실제 공급내역을 허위로 작성하거나, 면세유를 공급받은 어선주가 이를 다른 선박에 판매하거나, 해상에서 선박을 임대하여 불법으로 석유를 유통하는 등 다양한 유형의 불법행위가 적발되었다. The special crackdown uncovered various types of illegal activities, including a ship fuel supplier falsifying the actual supply of tax-free fuel for fishing, a fishing boat owner selling the tax-free fuel to another ship, and illegally distributing oil by leasing a ship at sea. 주요 적발 사례로는, 선박연료유 공급업체 대표 A씨(구속)는 면세유 3,700여 톤을 공급한 것처럼 허위 서류를 작성하여 5억 6천만 원 상당의 부당이득을 취득하고, B씨 등 5명은 해상에서 선박을 임대하여 불법으로 중질유 3,200톤을 유통하여 7억 2천만 원 상당의 부당이득을 취득하였다. In a major case, A, the representative of a ship fuel supplier (detained), created false documents to show 3,700 tons of tax-free fuel were supplied, earning 560 million won in unjust profits. B and five others illegally distributed 3,200 tons of heavy oil by leasing ships at sea, earning 720 million won in unjust profits. 부산지방해양수산청과 부산해양경찰서는 앞으로도 해양경찰청과 합동으로 해상에서의 석유유통 질서유지를 위해 지속적으로 단속을 강화해 나갈 계획이며, 적발된 불법행위에 대해서는 관련법에 따라 엄중 처벌할 방침이다. The Busan Regional Maritime Affairs and Fisheries Office and Busan Coast Guard plan to continue cracking down on illegal maritime oil distribution with the Korea Coast Guard to maintain order in the maritime oil distribution market and will strictly punish any illegal activities detected in accordance with relevant laws.

Solomon Islands PM urges 'no more secrecy' over treaties with other countries

The Solomon Islands prime minister has announced that a review of his country's security agreement with China has begun.

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