Deadly Indonesia Quake, Tsunami Deliver Fresh Economic Risk

  • Some 800-plus killed without warning on the island of Sulawesi
  • Disasters may hurt efforts to boost tourism, dollar earnings
Destructive earthquake and tsunami has delivered multiple shocks to Indonesia. Bloomberg’s Karlis Salna reports.(Source: Bloomberg)
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In the aftermath of Indonesia’s most destructive earthquake and tsunami since 2009, President Joko Widodo’s government continued to search for survivors in desperate need of medical attention in a disaster with a death toll expected to top the already 800-plus confirmed dead.

It’s a tragedy set to deliver multiple shocks to Indonesia--first and foremost the massive loss of life on the island of Sulawesi, where authorities are making preparations for mass burials of victims. The government also seems likely to face questions over why a buoy system designed to detect tsunamis in Indonesian waters hadn’t been operational.