Indonesian Political, Business & Finance News

Is profiteering a major issue?

| Source: JP

Is profiteering a major issue?

I am a foreigner who gets my paycheck from my headquarters
outside of Indonesia. I travel to Indonesia very often on
business trips. Of course, I shop here whenever I have a chance
to do so.

Usually when I buy something, I first calculate the amount
into foreign currency even if I am paying for it in rupiah. I
have found that in many cases, the product I buy is much cheaper
than what it was before the monetary crisis in terms of foreign
currency -- even if I'm paying more in rupiah. Some of the goods
that I have bought were imported.

I think to put the blame for soaring prices solely on
profiteering may not always be correct.

ANDREA

Bekasi

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