ISMAIL Mandry felt happy when on Monday last week President Yudhoyono announced that basic industry electricity rates would be cut. However, that afternoon the euphoria felt by Ismail, Chairman of the Indonesian Association of Iron & Steel Industries, quickly vanished. From her office in Central Jakarta, Coordinating Minister for the Economy, Sri Mulyani Indrawati, narrowed down the President’s explanation. “So, there was really nothing new,�