JAKARTA (Reuters) - When Indonesian President Susilo Bambang Yudhoyono doubled gasoline prices two weeks ago to stave off a fiscal and currency crisis, supporters and critics alike were stunned by his boldness.
While street protests leading up to the hike had been muted by Indonesian standards, few had expected such a hefty increase. So much for a man described as sincere and smart but too hesitant and dithering to rule messy Indonesia.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!