Fuel Subsidies

Amid mounting calls by big business, the IMF and the World Bank to redirect costly fuel (BBM) subsidies to 'productive investment' (read tax breaks and businesses subsidies), President Yudhoyono (left) appears likely to leave such an unpopular decision to president elect Joko Widodo (right) rather than be remembered in his last month in office for hiking fuel prices, which inevitably results in price increases across the board and a massive decline in the poor's purchasing power.

Kompas - September 6, 2014