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Modalità di lettura

Indonesia’s central bank insists it is independent. Investors want proof

Indonesia has spent months trying to persuade investors that its economy is on the right course. A weakening rupiah, mounting budgetary pressures and a series of contentious policy decisions have made that task harder. Doubts about the management of Southeast Asia’s largest economy have now coalesced around its central bank, whose independence has come under intense scrutiny recently as President Prabowo Subianto seeks to steer economic policy. The appointment of Destry Damayanti – initially as...

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Bali tipping row: call for Indonesian tourists to pay up triggers backlash

A debate over tipping culture has erupted across the Indonesian resort island of Bali and beyond, triggered by a politician’s unfavourable comparison of domestic and foreign tourists. In a social media video, I Gusti Arya Wedakarna urged domestic tourists to “normalise giving tips in touristy places”, which he said was part of the island’s “ethics”. “Perhaps that’s the psychological reason why Balinese people are more excited about serving foreigners,” said Wedakarna, an Indonesian Regional...

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