Indonesia will raise import taxes on 1,147 mostly consumer goods as part of measures aimed at cutting imports and supporting a weak rupiah, Reuters reports. The tax will be raised to up to 10 percent from an existing 2.5 percent to 7.5 percent, effective next week. Indonesia also plans to delay $25 billion worth of power projects as it seeks to rein in a widening current-account deficit, Bloomberg reported on Wednesday, quoting Energy and Mineral Resources Minister Ignatius Jonan. The pain sweeping emerging markets hit Indonesia on Wednesday as the Jakarta Composite Index dropped 3.8 percent. The country is particularly vulnerable because of its heavy dependency on imports, which resulted in a widening current account deficit.