2019: A Year of Treading Water
by Wayne Forrest Politics dominated 2019 as it was an election year characterized by a stormy Presidential campaign, violent demonstrations by supporters of the losing candidate (Prabowo), and a serene October inauguration. Economically, Indonesia tread water, reinforced its value-added and resource nationalism priorities, maintained its macro stability and 5% growth rate, continued some modest de-regulations, […]
BETTER LATE THAN NEVER
Commentary by Wayne Forrest In September President Jokowi had an eventful meeting with Rodrigo Chaves, the World Bank’s Country Director in Indonesia, who told him that out of 33 multinationals relocating production out of China due to its trade/tariff war with the US, 23 went to Vietnam, the rest to India, Thailand, Cambodia and none […]
Onward/Backward
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Preserve Reformasi
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Indonesia’s Moon Shot
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Time To Clean Up
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Election Idul Fitri
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April Post Election Visit
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Resilient Indonesia/Financial Pulse 2019
Indonesia is like the folktale character Mouse Deer (Kancil) Kancil, a small “mouse” deer that despite his size outwits crocodiles, tigers, elephants, using his cunning and resourcefulness to survive in a dangerous world. Given that Indonesia is about to have Presidential and Parliamentary elections next month, the topic of the current BIES quarterly report “Risks, […]
Limits of Hard Infrastructure
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