Half-Baked Policy

The government’s credibility is on the line.

The blow-hot blow-cold attitude of Transportation Minister Budi Karya Sumadi concerning continuation of two infrastructure projects, the Jakarta-Bogor-Depok-Bekasi light rail transit and the Jakarta-Bandung fast train projects, is cause for regret. Negative market reaction and potential investor losses should have been calculated from the outset so that just-announced policies do not hav

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