Wayne Forrest

/wayne-forrest2

About wayne-forrest2

Wayne Forrest is President of the American Indonesian Chamber of Commerce, a private not for profit membership organization based in NY.

A Strong Appointment

Tito Karnavian The prospect for deep reforms in Indonesia has always depended on how independent the outsider President Jokowi could be from the country’s sclerotic political party system. His supporters –who detect a masterly Javanese subtlety– have been waiting for a consolidation of his power after which they expect him to deliver on [...]

By |July 15th, 2016|Uncategorized|0 Comments

Golkar Returns

For those familiar with Indonesian politics Golkar is the party synonymous with Indonesia’s economic development. More than a just a political party, Golkar was an amalgamation of various “functional groups” (military, government bureaucrats, farmer’s organizations, etc.) that implemented the New Order government’s economic agenda. Golkar was engineered to be a partner of the government and [...]

Nurhadi and the Rule of Law

Just as the Masela Block decision (main topic of last month’s commentary that described a sudden reversal of a decision to build an LNG facility on rather than offshore) spoke volumes to investors about stark divisions within the government over energy policy, the recent revelation by the Corruption Eradication Commission (KPK) of graft within the [...]

By |May 17th, 2016|Uncategorized|0 Comments

The Meaning of Masela

The forward progress of the Jokowi government may have hit a speed bump with its decision to go against the proposal of both the field operators Shell and Inpex, the opinion of Mines and Energy Minister Sudirman Said, as well as the oil/gas regulator SK Migas to locate an LNG facility for the Masela block [...]

By |April 14th, 2016|Uncategorized|0 Comments

Duane Gingerich’s Pivot: In Memorium (1942-2016)

As President Obama prepares to receive most of Southeast Asia's heads of state at the US-ASEAN Summit February 15-16 in Rancho Mirage I am thinking of a recently fallen friend of AICC, Duane Gingerich, who passed away last Friday. President Obama had it right several years ago when he coined the "pivot to Asia" policy, [...]

President Jokowi in DC

President Jokowi's visit to the US October 26 and 27, although shortened by the forest fire issue, included a longer than expected bilateral with President Obama, progress on security relations, a substantive unexpected announcement by President Jokowi on TPP ("Indonesia intends to join"), successful sessions with potential and current investors, and roll backs of unnecessary [...]

By |November 16th, 2015|Uncategorized|0 Comments

New Deregulation Package

Indonesia has released the second of three deregulation/stimulus packages designed to boost a flagging economy and strengthen the exchange rate. The first (released September 10) was primarily an exercise in reducing red tape and regulatory confusion in the trade arena and did not garner a lot of attention and praise, perhaps because its hard to [...]

The Meaning of Banggai

August 7, 2015President Jokowi traveled to the Banggai Regency in central Sulawesi this week to inaugurate the $5.8 billion "Pertamina Mega Integrated Project", which is planned to match the upstream production of natural gas with downstream users. The visit follows other forays of the President around the country to jump start other infrastructure projects including: [...]

Idul Fitri Reshuffle

June 30, 2105The serious Cabinet reshuffle rumors began in June: in Indonesia, they are part of the air one breaths. An underwhelming economic performance would prompt President Jokowi to reshuffle his Cabinet after Lebaran (end of the Muslim fasting month on July 18), especially his economic team. The economy is, given Indonesia's potential, standing still, [...]

Soekarno’s Echo

Indonesia's first President became so frustrated with the "West" that he famously declared " go to hell with your aid".  A combination of the Cold War and misjudgments of Soekarno's complex ideology (mixing capitalism and socialism) led the US and other countries down several dead ends that almost capsized relations completely.  The late 1950's and [...]