Sri Mulyani Indrawati:
A slap is needed to wake us up
Finance Minister Sri Mulyani Indrawati is probably the busiest person around these days. The economic meltdown in the United States which triggered a global crisis has made its way to Indonesia. The Indonesia Stock Exchange in Jakarta reached its lowest level in three years, leading to its closure. Ironically, during the 1998 economic crisis, the stock market had remained open.
October 21, 2008
TRADING resumed a week ago, following the government’s announcement of certain regulations to be applied to the stock market and preparing to buy-back the shares of state-owned companies (SOEs). Profit-seekers were openly threatened with legal action, and players who intentionally caused the stock prices to rise would be investigated by the Attorney General.
In the midst of this tense situation, Sri Mulyani received the devastating news that h
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