Stabilize the Rupiah

The specter of recession is right before our eyes. The government, Bank Indonesia and the business world need to work together to prevent it from happening.

January 20, 2009

A WELCOME new year gift is Bank Indonesia’s decision to cut interest rates. We hope that this gift—on top of the government’s seven-item economic agenda—will mean that Indonesia is better prepared to face the global economic crisis. The effects of this crisis are already apparent. Exports are beginning to fall and the sales of cars, electronic goods and homes continue to slide. In several regions, more than a few companies are going throu

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