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Archive for May, 2008
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Indonesia’s Labour Regulations are Hurting Despite a Dynamic Finance Minister
Posted on May 30, 2008 | CommentHere is an academic letter that I sent to the Australian last night which is certainly too academic for them to publish: Greg Sheridan is certainly right in asserting that Indonesia’s treasure is in safe hands (Australian Thursday May 29 2008). Sri Mulyani, the Finance Minister, is a remarkable figure, both for... -
Trouble over fuel prices again
Posted on May 27, 2008 | 7 CommentsFuel prices, especially petrol prices, were increased by around 30% in Indonesia effective Saturday 24 May. Predictably, a select band of students decided to protest. It is hard to understand why students are protesting the increases. Rather, they should be demonstrating in support of them. Fuel prices in Indonesia are still... -
Time to Renew the Rupiah?
Posted on May 19, 2008 | 2 CommentsI was delighted to read in the Jakarta Post of 19th May 2008 an op-ed piece by Agus Firmansyah, suggesting that perhaps it was time to redenominate the rupiah. According to Agus, the rupiah is one of the lowest valued currencies in the whole world. The lowest denomination note now... -
Launch of the Special Issue of BIES on Rice Policy
Posted on May 14, 2008 | CommentThe Indonesia Project launched a Special Issue of the Bulletin of Indonesian Economic Studies, focusing on Rice Policy in Indonesia, at the Center for Strategic and International Studies in Jakarta, on Thursday 24 April, 2008. The Guest Editors for this Special Issue were Dr Neil McCulloch and Professor Peter Timmer.... -
The Enduring Allure of Cheap Credit
Posted on May 9, 2008 | CommentSeveral months ago I was looking forward to attending a conference at ANU in which a number of honours and postgraduate students from universities around Australia would be presenting papers in their areas of research. One of the popular topics was microcredit in developing countries. Having written my own PhD... -
Indonesia’s Aerospace Industry: Victim of Economic Vandalism?
Posted on May 2, 2008 | 1 CommentIn April I had the opportunity to visit the aircraft manufacturing facility of PT Dirgantara Indonesia (‘Indonesia Aerospace’, formerly IPTN), in Bandung. The enterprise is a shadow of its former self, although not without optimism for the future. In 1997 when the crisis hit Indonesia, the company was well on...