Indonesia Bulls Brace for Drop as Stocks Collide With Inflation

Indonesia Bulls Brace for Drop as Stocks Collide With Inflation

Dimas Ardian/Bloomberg

Motorcyclists queue up to refuel their motorcycles at a gas station in Jakarta. The government may raise subsidized fuel prices by at least 44 percent in May to limit the budget deficit to 2.4 percent of gross domestic product, Deputy Finance Minister Mahendra Siregar said in an April 24 interview in Jakarta.