Indonesia's Students Call It 'Heading to Bankruptcy' as Prabowo's Fuel Hike Brings Them Back to the Streets
Around 2, June 13 -- Thousands of Indonesian students poured into central Jakarta to denounce President Prabowo Subianto's economic management, returning to the streets after the government raised fuel prices by nearly a third in a country whose currency has sunk to a record low.
Heading to Bankruptcy.
The immediate trigger was a 32 percent increase in the price of non-subsidised fuel, imposed this week as a weakening rupiah, which slid past 18,000 to the dollar for the first time, made the import-dependent economy steadily more expensive to run.
But the anger ran wider than petrol. Protesters took aim at what they called wasteful state spending, the expansion of the military's role in civilian life, and above all Prabowo's signature f...
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