By Rania Teguh

The Jakarta Post-Jan 3, 2025

While the government’s decision to backtrack on the planned VAT rate hike offers short-term relief, it also erodes public trust and investor confidence amid a shrinking middle class, which points to a need for comprehensive reforms that include labor formalization, down streaming expansion, human capital development and supply chain integration. Read more at: https://www.thejakartapost.com/opinion/2025/01/03/policy-reversals-erode-indonesias-economic-stability.html First published in The Jakarta Post