Agustinus Prasetyantoko

Indonesia raised its subsidised fuel prices by more than 30% as an effort to escape the country’s current account deficit. EPA/Hotli Simanjuntak

Indonesia’s fuel subsidy cut, a bitter pill that had to be swallowed

Indonesia’s move to cut fuel subsidies, raising the prices of petrol and diesel by more than 30%, could be a game-changer for Indonesia’s economy. The subsidies, which have kept fuel prices in Indonesia…
Indonesia needs a leader that can unclog bottlenecks in its economy. Jerry Adiguna/Flickr

Investors wait to see a clear Jokowi victory

Indonesians are holding their breath while the Election Commission tally their votes in the presidential election. At the same time, investors too are in a “wait-and-see” mode. Most market players privately…

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