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Indonesia Protests

A student protester waves a flag and shout slogans during a rally against the government's plan to raise fuel prices outside the parliament building in Medan, North Sumatra, Indonesia, Monday, June 17, 2013. Indonesia's parliament is expected to approve a budget that will slash government fuel subsidies, a move that will save the government billions of dollars but has already sparked angry protests opposing increased gasoline prices. (AP Photo/Binsar Bakkara)

Protests in Indonesia over fuel price hikes

June 17, 2013

Various protests are being held across Indonesia against

the government's plans to raise fuel prices. Indonesia's parliament

debated measures on Monday to open the way for a jump in fuel prices

after months of delay that have undermined confidence in the government

and the ability of Southeast Asia's biggest economy to continue rapid

growth.
The price hike of 33 percent would allow the government

to cut costly fuel subsidies and could give support to the struggling

rupiah after the central bank scrambled last week to prop up the

currency, which was caught in an emerging market selloff. President

Susilo Bambang Yudhoyono would have to sign off on the measures. (REUTERS)