APEC and America’s Image

I normally go about my business keeping my American roots a little under wraps.  AICC is after all a bi-national association.  Right before this year’s APEC meetings in Bali (October), there was the third US-Indonesia Commercial Dialog.  Seated opposite from each other around a large square table were roughly 10 CEO’s from each country.   I [...]

By | 2017-11-10T14:29:42+00:00 November 13th, 2013|Uncategorized|0 Comments

Issue to Watch: Rupiah Hits 11,000: Time to Stimulate

Steep declines in the rupiah (it briefly passed 11,000 on Friday) stock index and overall confidence-echoing earlier drops-finally sent enough shivers within the government for the President and his economic team to say "enough is enough".  Bank Indonesia probably knew its interventions could not last for long against strong headwinds.  After a hastily organized meeting [...]

By | 2017-11-10T14:29:42+00:00 August 28th, 2013|Uncategorized|0 Comments

Heathcare Education For Sale

I recently read a disturbing report that indicates that training for nurses and doctors in Indonesia is for sale.  Admitted medical students are reportedly paying up to $2500 above tuition to gain acceptance with students with low grades paying more.  Once accepted under-performing students are paying to pass their exams.   Other reports indicate that doctors, [...]

By | 2017-11-10T14:29:42+00:00 May 2nd, 2012|Uncategorized|0 Comments

Prof. Widjojo Passes Away

One of Indonesia's heroes has passed away. Professor Dr. Widjojo Nitisastro, leader of the "Berkely Mafia" (a group of young Indonesian economists educated at UC Berkely in the 1960's under Ford Foundation aegis, became the economic architect of President Suharto's New Order. Under his leadership Indonesia's economy not only averaged 7% growth, but significant segments [...]

By | 2012-03-09T18:19:00+00:00 March 9th, 2012|Uncategorized|0 Comments

Regions Demand More

Indonesia’s fourth President Abdurrahman Wahid, (“Gus Dur”) once told a small group in NY that federalism in Indonesia was a “dirty word” but that Indonesia would have to implement it under different name. Gus Dur was referring to the first few years of Indonesia’s independence when it was called the United States of Indonesia and [...]

By | 2017-11-10T14:29:42+00:00 February 14th, 2012|Uncategorized|0 Comments

Changes to Capital Minimums/Moody’s Upgrades Indonesia

Background: An inquiry from a member currently in Indonesia exploring a joint venture revealed that the effective minimum capital requirements have recently jumped from $100,000 to $1 million (10 billion rupiah).The Investment Coordinating Board (BKPM) is now interpreting the 2008 Law on SME’s (micro, small and medium enterprises) to classify any foreign investment as “large [...]

By | 2017-11-10T14:29:42+00:00 January 19th, 2012|Uncategorized|0 Comments

2011 Review

By most measures, Indonesia had a banner year. Continuing 6%+ economic growth leading to at least one investment grade sovereign rating (Fitch) and strong performances in world forums (APEC, G20, World Economic Forum, ASEAN Summit, East Asia Summit) characterized 2011. Fears of inflation going into the year never materialized and the rupiah began and ended [...]

By | 2012-01-15T17:37:00+00:00 January 15th, 2012|Uncategorized|0 Comments

Web Meeting on Establishing a Small Business in Indonesia: September 7, 7-9 am

Our partners, AMCHAM Indonesia, have organized a live, online briefing on how to establish a small to mid size business in Indonesia. Members of AMCHAM's SME Committee will be discussing business opportunities and best practices. A business case will be presented. Jim Filgo, an AMCHAM Indonesia Governor who heads its SME Committee, will be joined [...]

By | 2017-11-10T14:29:42+00:00 September 6th, 2011|Uncategorized|0 Comments