Between 1995 and 2008 three and a half million jobs were created, thanks above all to wage moderation and greater labour flexibility. Temporary positions have more than doubled. In the third quarter of 2008 fixedterm, temporary and project workers numbered almost three million. Almost four-fifths of these workers’ contracts expire within one year; they are subject to especially severe risk.
This is inseparable from Bank Indonesia’s consistency in monitoring and intervening in the market to maintain Rupiah stability in line with the fundamental value and market mechanisms, as well as the positive perception of foreign investors concerning the promising outlook for the Indonesian economy.