Foreigners Dump $1.2 Billion of Indonesian Stocks After Weak Growth, Protests
Source: Bloomberg, September 30 2019 Foreign investors pared their holdings of Indonesian stocks as escalating political demonstrations added to worries of a slowdown in Southeast Asia’s largest economy. Net foreign selling in the equity market reached $1.2 billion in the third quarter, set for the…
President Jokowi Faces Student Protests and Crises Heading Into New Term
Source: The New York Times, September 25 2019 By Richard C. Paddock JAKARTA, Indonesia — Indonesia’s president, Joko Widodo, preparing for his second term, faces a sudden loss of public support amid mounting crises, including student protests, burning forests and deadly violence in distant Papua province….
Indonesia’s Criminal Code: What it is, Why Does it Matter, and Will it be Passed?
Source: The Guardian, September 26 2019 1. What is the draft criminal code? Indonesia’s draft criminal code is a comprehensive set of proposed changes to the country’s existing penal code, which dates back to the days of Dutch colonial rule. The draft bill has been…
Walking the Talk: Indonesia is Facing a Credibility Gap
By Shoeb Kagda, Founder Indonesia Economic Forum A battle is raging in Indonesia. As forests burn in Kalimantan and Sumatra, the streets of the nation’s capital have been turned into battle zones as students have launched large demonstrations against what they perceive to be a…