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Indonesian inflation in 2014 down slightly to 8.36% Indonesia succeeded in controlling its inflation down to 8.36 percent in 2014 despite recent cut in subsidies on energy.

Posted in Economy @ 02 January 2015 11:36 CET by Blog Bot · permalink · 0 reactions


Hatta says restrictions not to begin on May 1 Chief Economic Minister Hatta Rajasa said that the government would not implement its restrictions on the use of subsidized gasoline as of May 1, as preparations for the implementation are still underway.

Posted in General @ 24 April 2012 13:56 CET by Blog Bot · permalink · 0 reactions


Social workers: 'Much of the cash-for-the-poor diverted' Most of the social welfare programs created by the government following the fuel subsidy cuts are missing their proper targets, a report released by a group of social workers says. The report showed the four main programs -- the School Operational Aid (BOS) scheme, costing Rp 6.7 trillion; the Health Insurance plan, at Rp 3.8 trillion; the Rp 3.4 trillion Village Infrastructure Development program; and the Direct Cash Aid program costing Rp 6.5 trillion -- were not being distributed properly.

Posted in General @ 17 January 2006 07:18 CET by Jeroen · permalink · 0 reactions


Subsidy cut to fuel the fire In the wake of a two-month "mini crisis" that saw the rupiah hit a four-year low of 11,750 per dollar on August 30, Jakarta has finally announced an imminent and substantial reduction in fuel subsidies. The exact date and the level of cuts have yet to be announced, though there is widespread speculation over both. Vice President Jusuf Kalla has said fuel prices may rise as early as October 1 while National Development Planning Minister Sri Mulyani Indrawati has said an increase in November would be too late to help reduce subsidies to the level of Rp89.2 trillion. She said fuel prices might increase by at least 50% in October.

Posted in General @ 27 September 2005 00:00 CET by Jeroen · permalink · 0 reactions


Yudhoyono likely to survive fuel price rise protest Indonesia's looming fuel price increases Saturday will power protests that will bruise, but not cripple, the government of President Susilo Bambang Yudhoyono, analysts say. A government compensation plan and timing of the fuel price increase for the eve of the Muslim fasting month of Ramadan will help defuse public anger over the cut in price subsidies that have given Indonesians some of the cheapest fuel in the world for decades.

Posted in Politics @ 26 September 2005 15:25 CET by Jeroen · permalink · 3 reactions


Police arrest 13 Pertamina staff Officials of state-owned oil firm Pertamina (PTM.YY) are among 15 suspects arrested for allegedly hoarding 250,000 metric tons of kerosene and diesel fuel, the Jakarta Post reports.

Posted in General @ 21 September 2005 10:13 CET by Jeroen · permalink · 0 reactions


Indonesia at odds over fuel price INDONESIA'S parliament today placed itself on a collision course with the country's president, urging him to review a controversial fuel price hike that has sparked nationwide protests.

Posted in Economy @ 21 March 2005 00:01 CET by Jeroen · permalink · 0 reactions


Protests fall flat after Indonesia hikes fuel prices A fuel hike that will hit Indonesia's poor hard came into effect Tuesday, but the expected large-scale demonstrations failed to materialize as the government promised to beef-up anti-poverty assistance programs. The government announced late Monday it was cutting fuel subsidies, amounting to an average 29 percent increase in prices from gasoline to diesel oil. Fuel prices have been a sensitive topic since riots over a price hike in 1998 hastened the collapse of former President Suharto's dictatorship.

Posted in Protests @ 01 March 2005 00:02 CET by Jeroen · permalink · 0 reactions


Fuelling reforms in Indonesia It is the single most unpopular decision any Indonesian president could make, with the potential to trigger immediate political unrest. But the move by President Susilo Bambang Yudhoyono to cut costly fuel subsidies and so push fuel prices up by 30 per cent in a poor nation is also the single most important decision for the recovery of the ailing Indonesian economy. And with half the Indonesian population scraping by on less than $2.50 a day, economic growth - and spending on basic services such as health, education and infrastructure - is the key to social and political stability on Australia's northern doorstep. The former president, Megawati Soekarnoputri, long understood this link, but lacked the political courage to take on the protesters. Yesterday, however, fuel prices did finally rise, despite the unhappy mobs and panic buying at the petrol bowsers.

Posted in Politics @ 01 March 2005 00:00 CET by Jeroen · permalink · 0 reactions


The government says it will gradually liberalize the domestic fuel market over the next five years, with the aim of completely eliminating costly fuel subsidies by 2010. "In the year 2010, fuel prices will be determined by the mechanism of healthy and appropriate competition, and the government will only give special help to replace subsidies for certain fuels," Energy and Mineral Resources Minister Purnomo Yusgiantoro was quoted as saying Monday (29/11/04) by detikcom online news portal.

Posted in General @ 01 December 2004 00:00 CET by Jeroen · permalink · 0 reactions


Minister: RI plans to cut fuel subsidies Indonesia plans to eradicate spending on fuel subsidies next year, except for products widely used by the poor, to ease pressure on the state budget, Energy Minister Purnomo Yusgiantoro said Tuesday. "Our expectation is that we must eliminate subsidies on bunker oil, premium gasoline and industrial diesel," he told reporters.

Posted in General @ 21 September 2004 00:04 CET by Jeroen · permalink · 0 reactions
    
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