Indonesia VP hands resignation to parliament as Jokowi backs Prabowo

Indonesia's vice president, Gibran Rakabuming Raka, submitted his resignation to the parliament's upper house, bringing an end to speculation about his future. His father, former President Joko Widodo, expressed support for current leader Prabowo Subianto. This development may ease tensions in their political alliance.

Prabowo's administration is facing challenges, including scandals and doubts about its ability to manage the economy. The government's fiscal plans and policy direction are under scrutiny, and the stock market is at risk of downgrade. The rupiah has weakened to a record low against the dollar, at 18,248.

Gibran's resignation followed calls for his impeachment due to inadequate educational credentials. The Constitutional Court and the Supreme Court had ruled that his overseas high school qualifications did not meet legal requirements. The president is expected to submit two replacement candidates, and an upper house election will be held within 60 days.