Friendly New Neighborly Subsidy?

October 1, 2002

THIS is the style of the Indonesians: despite being poor, they still want to subsidize their rich neighbor. Up to now, this country of more than 215 million inhabitants, whose per capita income is only US$670, has been helping its neighbor, Singapore, with a per capita income in excess of US$20,000. Want proof? Indonesia has been selling sea sand to Singapore at a price of only S$1.5 (around Rp7,500) per cubic meter. This is then traded in S

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