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Interest rate rise: Indonesia prepares to withstand ripples

The 'ojek sepeda' bicycle taxis wait for customers in Jakarta

It is rush hour on a warm Friday evening but Faizal Ali, 57, is sitting idle on the pavement in central Jakarta with no customers for his ojek, or motorcycle taxi.

Mr Ali’s main gripes are slowing growth and the rise in fuel prices since President Joko Widodo, widely known at Jokowi, swept to power in last year’s election and slashed expensive subsidies. The driver says he now spends Rs40,000 ($2.90) a day on fuel, up from Rs25,000 last year.

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