Close the Loophole
Tuesday, September 30, 2008
HISTORY tells us that the Timor car project had a congenital defect since birth: it was supported by collusive regulations. Hutomo Mandala Putra’s regular business venture was transformed by President Suharto, his father, into a national car program. Various privileges were given, starting from free import duties and taxes, and mandatory sales to government offices.
Regimes everywhere have limited staying power. The New Order collapsed; so did
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