Indonesian Political, Business & Finance News

Timor cars

Timor cars

From Republika

The commotion about the (inexpensive) Timor national car, which enjoys exemption from some duties and taxes in compliance with the Presidential Instruction No.2/1996 has caused a great concern.

All automotive entrepreneurs are deeply disappointed by this ruling because the sales of their products will decline. On the other hand, the general consumers enthusiastically welcomed the President's policy, and they are looking forward to buying the Timor cars.

The farmers have a different story to tell. Millions of farmers feel that injustice has befallen them. The government is reducing the subsidies for fertilizers while the price of fertilizers increases every year.

HDH KADIR

Jakarta

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