Halim Alamsyah Sell Cheap Cooking Oil

For the banking industry, who is not familiar with Halim Alam?Yes, he was a prominent banker who currently serves as Deputy Governor of Bank Indonesia. 

But at the end of this week, the man who always struggled with monetary policy actually selling cooking oil at cheap bazaar in Integrated Campus Indonesian Islamic University (UII) in the Ground, Yogyakarta, Saturday (29/06/2013). Yeah, Halim is a graduate of the Faculty of Economics UII banker. 

Fuel Up, Supply Distracted Coffee Production

Rising prices of fuel oil (BBM) last week which was originally subsidized Rp 4,500 to Rp 6,500 turned out to disturb Indonesia's coffee industry. According to the Brand Manager of PT Nestle Indonesia Nescafe, Michael Suwito, the problems have an impact on the supply of production. 

"Wheel of sustainability, particularly the upstream sector, a little disturbed," said Michael told Tempo in the launch campaign The Nescafe Plan in Lampung, Thursday, June 27, 2013. 

Painful Effects of rising fuel rices Subsidized

Starting on Saturday (06/22/2013), the new prices of fuel oil (BBM) which is more expensive prevailing. After four more years of enjoying premium and diesel fuel at Rp 4,500 per liter, motor vehicle owners must spend more to buy a liter of petrol.

Premium price rose Rp 2,000 to Rp 6,500 per liter and diesel rose Rp 1,000 to Rp 5,500 per liter. Subsidized fuel price hike is almost the same as in 2008, precisely May 24, the government hoist the premium price to Rp 6,000 a liter and diesel to Rp 5,500. It was the third time President Susilo Bambang Yudhoyono (SBY) to raise fuel prices during his reign.

Rising Fuel Prices Trigger Inflation, Make Domino Effect of Economy

Statistics Riau Islands province evaluate, rising prices of subsidized fuel would indirectly lead to inflation because the price of other commodities will rise due to high transportation costs.

"Nationally, there will be inflation due to rising prices of subsidized fuel was not too big though," said Head of Distribution Statistics Central Statistics Agency (BPS) Riau Islands (Riau Islands), Mangamputua Gultom, in Tanjungpinang on Thursday.

Fuel Price Increase, Indonesian People Have to Find a Way to Adapt

The increase in fuel prices make people have to find a way to adapt. Based on a survey conducted by global research company, Kadence International, the majority of residents in five major cities in Indonesia to reduce their spending to buy cigarettes after gasoline rose last week. 

"Due to rising fuel prices, there are several requirements that must be reduced, increased or expenditure allocation same. However, the majority of respondents reducing their spending to buy cigarettes, "said Managing Director of Kadence Indonesia, Vivek Thomas in exposure which took place in Jakarta, Wednesday, June 26, 2013.