SUBSCRIBERS
Jakarta to double infrastructure, transport budgets on fuel gain
Sixty per cent of the 230 trillion rupiah saved from fuel subsidy change will be spent on infrastructure
Published Mon, Jan 5, 2015 · 09:50 PM
Jakarta
INDONESIA will save about US$18 billion from the biggest overhaul of its decades-old fuel subsidy system, allowing the government to double spending on transportation, agriculture and public works.
The government will save 230 trillion rupiah (S$24.4 billion) in total from the fuel subsidy change an…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Chinese tourists are again embracing international travel
Abu Dhabi raises US$5 billion with first eurobonds in three years
Thailand’s 500 billion baht handout aims to boost overall economy, not geared to poor: official
German business sentiment rises in April: Ifo
Indonesia’s central bank delivers surprise rate rise to support rupiah
Prabowo’s aide says Indonesia doesn’t need another rate hike