Indonesia’s currency crisis is fueled by its heavy reliance on fossil fuels and expensive subsidies, warns the Centre for Research on Energy and Clean Air. The organization calls for urgent reforms to stabilize the economy and slash emissions

Best Asian Daily Information Website

Indonesia’s currency crisis is fueled by its heavy reliance on fossil fuels and expensive subsidies, warns the Centre for Research on Energy and Clean Air. The organization calls for urgent reforms to stabilize the economy and slash emissions

Asian countries are taking bold steps to tackle soaring oil prices, from ramping up subsidies and exploring new energy sources to stockpiling fuel reserves. As they face mounting economic challenges, these nations are striving to steady their markets, Reuters reports