Indonesia

/Indonesia

Is Barbie Guilty ?

I will be visiting Indonesia next week and will likely be asked about President Trump's trade policy, articulated in his recent executive orders.  Will Indonesia, one of 16 countries under review with a large trade deficit, be penalized.  Is it really a trade "cheater" ?   The US runs a congenital deficit with Indonesia mostly [...]

Indonesia’s Ticking Time Bomb

Commentary by Wayne Forrest I fear a ticking time bomb could soon explode in Indonesia.  Its probably not what you think; its not a natural disaster or mass movement based on religion.  It has to do with natural resources and the origins of the American Indonesian Chamber of Commerce (AICC) and some of its founding [...]

Regret

There’s a lot of regret going around these days. Democrats, who lost a close election, no doubt regret they didn’t do more to convince Midwest rust belt voters worried about their future that they had a viable jobs plan. President Trump regrets he didn’t win the popular vote — although he seems to actually think [...]

Honking in the Free World

Commentary by Wayne Forrest Their signs read  “Om Telolet Om”.  It simply means, “sir, honk your horn, sir”.  Young girls and boys, especially in Jakarta, hold them up for passing bus drivers, hoping to prompt them to play their musical horns as they drive by.  It’s a fun, clean game with instant rewards, especially given [...]

Two Years In

Two years into his 5 year term President Jokowi is exhibiting some of the qualities of former President Suharto. I say this not to compare them in any fundamental way - Jokowi is not an authoritarian-  but to illustrate the process by which each consolidated power in the early years after they became President. Jokowi [...]

The Big Number

Commentary by Wayne Forrest AMCHAM Indonesia and the US Chamber of Commerce recently released the fourth in their terrific annual series of reports that collectively put the US as perhaps Indonesia’s largest overall economic partner. The first 3 reports (2013-2015) established the case for the US designation as the largest foreign investor. With this year’s [...]

Educated Abroad

Commentary by Wayne Forrest Indonesia has always had an ambivalent attitude towards foreigners, foreign investment, and Indonesians educated abroad. I began thinking about this during the latest Cabinet reshuffle when several highly successful Indonesians returned from long stints abroad. 71 years after independence it still isn't an easy transition for an Indonesian to return or [...]

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 [...]

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, [...]

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 [...]