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The Last Bastion

Tuesday, November 4, 2008

The rupiah tumbled and is nearing Rp12,000 against the US dollar, the worst rate in the last 10 years. The government and Bank Indonesia are moving fast to apply damage control.

arsip tempo : 173499954990.

. tempo : 173499954990.

THE office of the State Minister for State-Owned Enterprises (SOEs) has added one more function to its responsibilities. A room on floor C of the Garuda Building at Jalan Medan Merdeka Selatan, Central Jakarta, has been transformed from offices to what looks like a clearing house. Two widescreen computer monitors display fluctuations of foreign currency belonging to SOEs. “Now we can monitor directly how much dollars the SOEs need and use,” s

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