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Indonesia cuts energy prices

JAKARTA: Indonesia Wednesday unveiled its third batch of stimulus measures in the space of a month, including a cut to energy prices, as Southeast Asia´s biggest economy battles a slowdown. The economy is growing at its slowest pace for six years and the rupiah is at a 17-year low, as

By our correspondents
October 09, 2015
JAKARTA: Indonesia Wednesday unveiled its third batch of stimulus measures in the space of a month, including a cut to energy prices, as Southeast Asia´s biggest economy battles a slowdown.
The economy is growing at its slowest pace for six years and the rupiah is at a 17-year low, as the country is hit hard along with other emerging markets by signs of strengthening in the US and turmoil in China.
In the third instalment of an economic policy package, the government announced a cut in a range of energy prices, including diesel, jet fuel, and liquefied petroleum gas, used by tens of millions across the country in cooking.