Friday 6 January 2017

Indonesia. Memulai Kembali

Is a 2016 hit single for Indonesia's Monita Tahalea, taken from her second album, the digitally released Dandelion.

Nampaknya, Indonesia sudah Memulai Kembali polisi polisinya yang tak lama dahulu, menjadikan negara itu, diibaratkan sebagai "orang sakit di benua Asia".

The question here is, how do policy makers here , intend to capitalise on Indonesia's folly. Malaysia is fully capable of pulling this off, after snatching away Jack Ma, as the IT advisor for our digital economy aspirations.

Bloomberg has the story, on how Indonesia is hell bent on screwing itself. Read below :

Indonesia Considers Curbs on Negative Research by Banks

Proposal said to have been discussed with banks in December

Government ended ties with JPMorgan after stocks downgrade

Indonesia’s government is considering curbs on negative research reports by foreign banks, building on its decision to punish JPMorgan Chase & Co. for issuing a bearish call on the country’s equity market.

The finance ministry may ask top management at global banks which hold primary dealerships in Indonesian sovereign bonds to sign pledges to refrain from issuing research that could destabilize local financial markets, according to Loto Srinaita Ginting, the ministry’s director of government securities.

The proposal was discussed with some primary bond dealers at a meeting in mid-December, according to a person familiar with the matter. It would require approval by Finance Minister Sri Mulyani Indrawati, another person said.