Indonesia

The Indonesian Chamber of Commerce and Industry (Kadin) urged the government Monday to give exact figures for the upcoming fuel price increases to avoid further damaging local industries. Kadin Chairman Mohammad Hidayat said the delay was fostering market speculations, leading to price rises in other commodities. The government earlier last week confirmed plans to increase fuel prices on June 1, but continues to mull over the amounts, although a price proposal approved by economic ministers said the increases would average about 30 percent for all types of fuels. (The Jakarta Post)