Architect of Indonesia's post-crisis economy urges local autonomy
He also says a legacy of Asian financial crisis is that many of the elderly will find their savings are not enough
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Jakarta
ONE of the chief architects of Indonesia's post-crisis economy says local governments must be given more autonomy to help overcome a revenue gap hampering South-east Asia's biggest economy.
Dorodjatun Kuntjoro-Jakti, a former adviser to five presidents, said while Indonesia had undertaken "courageous" reforms in the wake of the Asian financial crisis two decades ago, it needs to do more to give regional administrations the power to attract investment.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar