Economists have welcomed President Joko Widodo’s move to increase the price of subsidized fuel by roughly a third, calling it a sign of his reform-minded leadership. DBS economist Gundy Cahyadi referred to it as a “positive signal of the government’s commitment to push for tough economic reforms” in Southeast Asia’s largest economy. OCBC economist Wellian Wiranto called it “a good balance” between playing safe and acting decisively. More In Subsidies IMF Takes Aim at Thailand’s Costly Rice Subsidies Thai Corn Farmers Join Clamor for Hand-Outs Thailand Likely Will Struggle to Get Back to No. 1 in Rice Exports Thai Government, Farmers Take First Step to Reach Accord on Rice Thai Farmers Signal Willingness […]