atans1

Investing in Indonesia is like eating puffer fish/ TRE readership

In Humour, Indonesia, Temasek on 29/03/2014 at 7:01 am

What do I mean by the former?

S$ is a strong currency, the rupiah a weak one; but this yr the rupiah has outpeformed

The rupiah has risen 7 per cent against the US dollar this year, making it the world’s strongest performing currency, while the Jakarta stock market is also rallying, now up 10 per cent. Yields on 10-year government bonds have also come down to 8 per cent, having jumped as high as 9.2 per cent last summer – another sign of fresh enthusiasm for Indonesia’s growth story. FT on 13th March).

Gd that we have a neighbour liddat as China’s growth slows. And Indonesia’s a MINT.

And whatever TRE posters* and Chris Balding say, Temasek has made gd money in Indonesia (think telco and banking, though it has yet to exit the latter) despite a hostile political environment. Money talks.

Too bad about its aggressive, civilian-killing armed forces that would loot and plunder S’pore if given half a chance. Whether we need to spend 25% of the Budget on defence is open to reasoned debate (something which the PAP govt rubbishes) but there is no doubt that we should continuing be a poisonous shrimp to deter Indonesian generals and admirals who want to loot and plunder. The Indonesian govt does not control the military, as the constant outbreaks of internal lawlessness (including the murder of civilians) by the armed forces shows.

Example: Two Indonesian ministers have expressed regret over the inappropriate conduct by two Indonesian marines who had posed as the MacDonald House bombers at the Jakarta International Defence Dialogue exhibition on Wednesday.

In response to media queries, a statement from Deputy Prime Minister Teo Chee Hean’s office said Mr Teo confirmed that Indonesian Coordinating Minister for Political, Legal and Security Affairs, Air Chief Marshal (Ret) Djoko Suyanto telephoned him on Friday afternoon regarding the incident.

Coordinating Minister Djoko expressed regret over the inappropriate conduct by the soldiers, and assured Mr Teo that there was no such policy to do so.

Those views were also repeated by Indonesian Defence Minister Purnomo Yusgiantoro, who spoke with Defence Minister Ng Eng Hen on the phone on Friday.

Dr Purnomo added that the Chief of Staff of the Indonesian Navy, Admiral Marsetio, had launched investigations to determine who was responsible for the inappropriate act. (CNA)

Or maybe juz two-timing? What do you think?

Taz another problem. The Javanese ruling elite loves to intrigue . Raffles knew what to do when they were two-timing, he sent in the army.

As to the quality of ministers: Indonesia’s communications minister, who has campaigned against pornography, has caused an uproar on social media after he followed a Twitter porn account …

http://www.bbc.com/news/blogs-news-from-elsewhere-26680779

Bottom line: Indonesia is a difficult place to invest in (as I can personally tell you), but get it right (I didn’t) and it’s life eating puffer fish. Can die, if not careful.

Related article: http://kementah.blogspot.sg/2014/03/not-business-as-usual-for-indonesia.html

———-

*Yes, TRE readers have written to me telling me that the majority of TRE readers are not losers like “oxygen” and those who call me names, but are “Calm Persistence” and “Hard-pressed Anxiety” types). They dislike being associated with losers: they are hard-working S’poreans who think that the PAP has betrayed them. As to why they don’t fund TRE, they say that that as typical S’poreans, they are free-loaders by nature and that I’m wrong to associate “Calm Persistnce” and “Hard Pressed Anxiety” with community spirit and generosity of spirit. . If they were not free-loaders and apathetic, then TRE would not be the voice of S’poreans. Err, kinda confusing. I got to think thru this paradox.

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  1. If sinkies are not free-loaders & apathetic, we will long ago already be 2- or 3-party govt, and sinkies will be donating their time & money among the 2 or 3 major parties. Tre will be irrelevant in this scenario. Must think like the masses lah…

  2. It is not that we do not want to support TRE. Call it paranoid, I would not like to leave a audit trail. I can’t find the time to go to their office personally. But maybe I should make an effort to do so.

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