The Morning After
After the fuel price hike, production costs, transport fares and prices of goods go up too. Meanwhile, compensation funds aren't equally distributed, quality of public service is low and illegal levies are still rampant. Crisis II anyone?
June 26, 2001
Many observers are apprehensively predicting that the Indonesian economy is falling slowly into a second crisis. Their voices, which have made ordinary people anxious and afraid, have been heard since before the fuel increase became effective on Saturday, June 16. So, when President Abdurrahman Wahid promised to increase the per capita income of Indonesia to US$5,000 in 2004a promise made in his speech at an event commemorating first ...