The industry hit hardest by the twin fuel price hikes of 2005 was perhaps the automotive industry, more precisely, the new-car market. No surprises there, considering cars are a family's second-largest "investment" and unlike the home, they run on fuel.

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Indonesia's economy would be poised for higher economic growth this year were it not for inability of the government of President Susilo Bambang Yudhoyono to deliver, according to a staunch critic of the government.

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The world economy should remain spinning steadily this year, with an expected increase in consumer demand in Asia set to balance out possible wobbles from a likely slowdown in the U.S. economy, says a forecast from U.S.-based investment house Merrill Lynch.

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