Free noodles are no longer enough to curry favor with Indonesian voters. Offers of insurance, loans and medical checkups have emerged in a months-long campaign that is forecast to boost economic growth.
Jakarta Governor Joko Widodo, a potential candidate for Indonesian president, plans to boost the capital’s budget by about 75 percent for this year by moving tax collection online to tackle widespread evasion.
Indonesian President Susilo Bambang Yudhoyono’s bid to bring more outsiders into the central bank’s top management team is being tested as lawmakers assess the two candidates he proposed for senior deputy governor.
Indonesian foreign-exchange reserves will probably plunge the most since at least the Asian financial crisis this quarter, putting pressure on President Susilo Bambang Yudhoyono to cut fuel subsidies and curb imports.