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Mariam P

Perceived Growing Income Distribution Inequality in Indonesia - 1 views

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    According to a survey conducted by Lembaga Survei Indonesia (LSI) most Indonesians believe that Indonesian society is characterized by a high degree of income distribution inequality. More than 90 percent of respondents see income inequality in Indonesia, while about 40 percent of respondents believe there is no equality at all regarding income distribution in Indonesia.
Yassine G

Indonesia's inflation seen slowing in April - 0 views

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    This article is not very long, however, we can see a lot of the concepts studied this week within the article. It is clear that Indonesia has an independent central bank. It is also clear that some actions are being taken in order to reduce inflation and they seem to be successful as inflation has actually fallen, however, this small amount of change could be good in the long run. 
Hardy Hewson

Indonesia's new leader, facing growth hurdles, may focus on cutting... - 1 views

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    This article concerns the challenges facing the new leader of Indonesia, Joko Widodo, specifically the prospect of fiscal stimulus to the economy, the breaking down of government bureaucracy, and the supply-side reforms that may make this possible. It also discusses the personal experience Widodo has in combatting similar challenges as Jakarta Governor, and concludes that, on their own, supply-side reform will not "boost the economy in the short term, but announcing some positive reforms should encourage investors and that should help with the demand side as well."
Daniel B

Fuel subsidies in Indonesia Unpriming the pump - 0 views

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    this article shows use of instruments that are in the hands of government. government in Indonesia imposed excise on petrol which is very common example of good with inelastic price elasticity of demand. The possible reason is that petrol is essential good. moreover, they want to use money gained from higher excise to give subsidies for the poorer households.
John B

Indonesia set to cut fuel subsidy - 0 views

  • Indonesia’s parliament has paved the way for a rise in gasoline and diesel prices after months of debate and political haggling.
  • The average 33% hike will reduce the government’s ballooning fuel subsidy which has been a major drain on resources.
  • The move will likely stoke inflation
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  • A proposed increase of 33% in fuel prices last year led to violent demonstrations around the country
  • Any increase in prices will lead to a short-term jump in inflation to between 7% and 8% from current levels of approximately 5% – a jump that economists say is a bitter pill but one the country has to swallow.
  • People have been expecting the price of fuel to go up,” said Ade, a street vendor in Jakarta. He sells fried rice to office goers in the business district to make a living. “So already the prices of all the basic food like rice and vegetables has gone up too. Also it is the beginning of the fasting month soon – and prices traditionally go up then too.”
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    In this article the problem about rising the fuel prices with about 33% is talked about. The reason to why the government has decided to do this is because it "will reduce the government's ballooning fuel subsidy which has been a major drain on resources". Instead, the new budget includes money to about 15 million families, most of them are poor.
Clemente F

Unpriming the pump - 0 views

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    This article discusses how the politician in Indonesia are raising the price of fuel at their peril. I chose this article because it discusses some of the arguments which touched in this chapter as for example price controls and subsidies.
Sungmin Lee

China to again levy coal import tariffs after nearly a decade - 1 views

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    Australia, Russia exports seen hit; Indonesia to be exempt * China thermal coal futures, China shares of top coal firms rise (Adds analyst's comments, coal futures and coal firms' shares) By Fayen Wong SHANGHAI, Oct 9 (Reuters) - China, the world's top coal importer, will levy import tariffs on the commodity after nearly a decade, in its latest bid to prop up ailing domestic miners who have been buffeted by rising costs and tumbling prices. China will levy import tariffs between 3-6 percent.
John B

Large fishing nations fail to agree to deep cuts in Pacific tuna quotas | Environment |... - 2 views

  • The 33 member states of the commission, which is tasked with ensuring sustainable fishing, negotiated a proposal to reduce the amount of yellowfin and bigeye tuna, which is regularly used in sashimi and sushi, by 2018.
  • The US, China, South Korea, Japan, Indonesia and Taiwan are responsible for 80% of bigeye tuna caught each year. In 2012, a record 2.6m tonnes of tuna was hauled from the Pacific – 60% of the global total.
  • “The big nations are the disappointing ones, given that they’ve refused to take cuts in their quota,” said Amanda Nickson
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  • Large fishing vessels will also now have to carry unique identification numbers, similar to passenger and cargo ships. The move is aimed at reducing illegal and unreported fishing.
  • Although there has been progress on some measures, it’s disappointing to see the commission fail on its core objective, which is to ensure sustainable fishing.
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    This article deals with the quota put on the big nation's extreme fishing. The problem is that the nations ignore the quota and therefore there are species that are on their way to becoming extinct.
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