Bursting the Dream Car Bubble

Competition is getting tight in the luxury car market—for cars commanding price tags exceeding Rp1 billion each.

April 3, 2001

THE poor get poorer while the rich get richer. The economic crisis has been a blessing in disguise for a tiny number of Indonesians, those who have had cash to spare. Their fortunes have increased steadily because the dollar has strengthened and the Bank Indonesia (BI) policy of setting high interest rates on deposit accounts. The political crisis, which has gone hand in hand with reform, has had spin-offs for professionals such as lawyers and a...

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