Business Weekly

Electricity Rate Increase Shelved

THE controversy over the government plan to raise electricity basic rates is over. President Susilo Bambang Yudhoyono on Tuesday last week finally announced that the government cancelled the power price rise plan.

The decision was made, said the President, after considering the purchasing power of society and industries, still hard hit by the fuel price hike in October. We choose to increase the subsidy for PLN (St

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