Protests over a Rp 50M housing allowance for Members of Parliament spiralled into unrest across 32 provinces in Indonesia, resulting in roughly a dozen deaths and rattled markets.br The Jakarta index dropped 2, the rupiah slid, and investor confidence wavered.br br What happens next matters for Malaysia’s cross-border trade, investment flows, and ASEAN stability.br br Join NIAGA Spotlight as we unpack how politics, populism, and markets collide—with insights from Yohanes Sulaiman, Associate Professor, Universitas Jenderal Achmad Yani (UNJANI), Cimahi, Indonesia and Non-resident Fellow, National Bureau of Asian Research, Seattle, Washington, USA.