THE subprime mortgage crisis which hit in July has rocked the world economy. One by one, gigantic investment banks have fallen as a result of problematic property mortgage. Moreover, the price of oil in the international market is nearing US$100 per barrel, causing chaos in some capital markets.

Fortunately, Indonesia has been spared the impact of the latest world crisis, unlike the one that happened 10 years ago. In fact, Indonesia’s econom