2006 FDI
Jan 26th, 2007, in Business & Economy, by PatungForeign investment inflows fell 33% in 2006.
According to the Foreign Investment Coordinating Board (BKPM) realised foreign investment (FDI) inflow for January-December 2006 fell to 5.9 billion dollars, a fall of 32.9% from the figure of 8.9 billion dollars in 2005. The number of approved foreign investment projects also fell, from 900 to 867.
Realised domestic investment levels saw a similar decline, falling 32.2% in 2006. The 2005 figure of 30.6 trillion rupiah fell to 20.8. The number of projects embarked upon also fell by 24%, from 214 projects in 2005 to 164 in 2006. antara
However numbers of people employed in foreign funded investment projects rose from 156,109 in 2005 to 206,945 men and women in 2006. Those employed by locally funded projects fell in number from 122,750 in 2005 to only 79,415 in 2006.
FDI approvals however increased by 15% year on year, up to $15.6 billion, while approvals for local investment sharply rose by 221% from 50 trillion rupiah in 2005 to 162 trillion in 2006. antara
Coordinating minister for the economy, Boediono, doubted whether investment levels had actually fallen in 2006. He said that BKPM statistics were not to be relied on given that they only included investments that went through BKPM channels. He said there was much investment that was not recorded by the BKPM. detik
51 Comments on “2006 FDI”
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Achmad Sudarsono says:
Dear Friend,
But let us look for the silver cloud in the lining. If foreign investment goes, that means more space for Indonesian investment. Indonesian investment means more opportunities for Indonesians and less domination. Isn’t this a good thing?
Also, our BUMN, like Pertamina, PLN, and Bukit Asam, will have more room to move, develop, and hire Indonesians if they are not overburdened by unfair competition. Because, friends, Article 33 of our constititution says that the land and sea and mineral resources have to be managed for the benefit of the people. How can a foreign company manage it for the benefit of the people?
Also, if the foreign investment go to China and VIetnam, it will mean those countries are burdened by the foreign domination. As our competitors that is good if they have an extra handicap. Who was it that said the ‘enemy of my enemy is my friend’. That means that foreign company is my friend? No, friend, no!
Just to say we must look for the silver cloud.
Refresh, To be the Best!
Achmad
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Anna says:
Hi ACHMAD,
You are not talking about oil, gas,natural resources, but I/ we talking about manufacturing and export investor.
Investors who exporting furniture, clothing, handicraft,shoes, for example Nike and Reebok employed approximately 10.000 people who produce items for export. Now what would happen if they pull out?
Answer, 10.000 people will be out of job, and multiply that by 2.000 investors. If this happen if all investors pull out of Indonesia, the economy of Indonesia will collapse.
For example, JEPARA which is The Furniture Capital in Indonesia. 8 years ago, Jepara was exporting 500 containers per day, and now they lucky if 30 containers per day. How bad is that?
How do I know this, we are one of the investors that pull out of Indonesia. Besides they hire this foreign, I think they know of the knowledge that maybe we don’t. The Oil Company they need the foreign investors to finance improvement of the manufactures facility and to purchase access product.
And also foreign investors will create about 50% new jobs for all Indonesian. And I’m not saying that we really depend on it, but without the investors what income we gonna get? For some people anyway. So my friends we need to open our mind, and don’t make it any harder as it is.
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Friends,
I appreciate the comment and thank.
But it’s not that simple. I think we need to look at the argument closely and not get bogged down in details.
Basically, you’re talking about capital flight. We all know that Foreigner is the number 1 cause of capital flight in Indonesia. Thus they are taking Indonesia’s resources and money.
Therefore, if we stop them sucking out Indonesian resource and money we can keep more here for ourselves. Then our country will be more advanced and there will be more to invest in manufacturing.
We can also make more BUMN and hire more workers.
I think that’s a more sophisticated look at the problems than focusing too much on specific sectors like manufacturing.
Increase Da Peace
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Peter says:
Achmad,
do you realize that the 1997 financial crisis was a result of investors pulling their money out of your country? While you may have a point that some select sectors could benefit from a tiny bit of protectionism, your argument taken literally and to the full extent is absurd.
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Hi Peter.
I agree with you, because of all the investor pull out Indonesia and that’s why all that economy crisis.
Finally I there some one can agree with my statement.
Thanks peter.______________
Achmad, I’m not just talking about capital flight, as I said earlier.
As most of Indonesian know we need all the foreign investor as much as we can get, we to draw the to invest they capital in Indonesia.And I think it’s more sophisticated to start focusing how can we get more investors, not chasing them away out from Indonesia.
And why you even said, that this foreign investors taking all Indonesia’s resources and money??
You sound educated well enough to know the difference, but yet you are arrogant, and uneducated.
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Friend,
Anna. I am sorry I don’t want to be arrogant, just to make a Friend and protect my country. My country needs the power of my intellect and compelling economic argument.
It is ok if foreigner forced to do business with good local Pribumi partner. Then the NGO can monitor if they do the pollution or the corruption.
Why would the foriegn investor come here if not to get the money? And where does the money come from? Friend, it comes from the pocket of the people. We must protect the people.
The best way is to build an economy based on the BUMN. The foreigner can do the business with the BUMN who can ensure they keep in line with Indonesian law. But I agree with the Bahasa Indonesia test for the foreigner.
Then we can make a strategic export to China and Vietnam. The key word in all of this is Berdikari – like Sukarno said: berdiri di atas kaki sendiri?
What could make more sense?
Thank, Friend.
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Achmad
All you said is not making sense, for all I know yo just don’t like a foreigner, you have a problem or some issues with them.
And that’s wrong my friend. You need to be open minded, and don’t be so naive about all of this, if you keep looking at the future of Indonesia backward, it’s not gonna work! You want to make Indonesia advanced but the way of thinking for some people well especially you ahmad, that just gonna make Indonesia going down, and you need to realize that.
Indonesia can not depend on one resource or just BUMN, we need this foreign investors as well, and just for manufacturing but everything.
And NO! Theyr’e not taking people’s money, are you kidding me?Open your mind my friend.
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Bas says:
“We all know that Foreigner is the number 1 cause of capital flight in Indonesia.”
Totally wrong. Foreigners bring money to Indonesia. YOU, your family, neighbours and friends are giving your money to foreign company by buying Nokia Handphones, Japanese cars and bikes, European clothes and so on.
You want to look like modern people, which you are not at all (hey it comes from the education, not the appearance!) so you have to pay the price. Learn to be proud of what you really are? Start by stopping thinking that dark skinned women with Indonesian faces are “kampungan” and white skinned “indo” actress are beautiful. Gengsi and stupidity is what making Indonesia such a pitiful country. Not foreigners, but hey foreigners don’t care! They just getting healthier and you poorer and poorer. I can imagine well what’s gonna happen when oil, gas and wood will be all empty in the country, learn to work and to work well. Admit your faults and stop living like americans while you can barely afford living like Vietnamese. And stop always putting the fault on foreigners or local Chinese. YOU are the bad, lazy, corrupt, arrogant, fanatic people, and YOU get what you deserve. And things are just getting worse and worse for you since the educated one don’t want to work in Indonesia. Good luck. 😉
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Ade Wanto says:
Foreign investors depend on political leader behavior. If suitable to, they could carry investment as many as political leader need. Not many political leader conduct their behavior suitable for investor either foreign or domestic. Some political leader still see the investor as a cash machine.
In Soegharto’s Era, the investor just places the cash machine in Jalan Cendana; now, they must place it at several houses: House of Representative, House of Governor, House of Major, etc. How the investor could make investment if so many cash machine they must provide?The investors do not just find any person to whom they believe to run their factories, but they also do not find to whom they must placing the cash machine. If they place in the House of Representative, how about the Pendopo, how about the other leader?
In China, Vietnam, and some autoritarian leadership countries, investors know better to put their cash register. This is why many investors choose China and Vietnam rather than Indonesia.
Indonesia have been pushing to become democratic country by consortium of G7 just to replace the old-regime, Soeharto. Replacing it to the leader which the G7 consortium still remote it. But, how the consortium will remote the other 400 leaders in municapalities and cities? They become get a headache when face to face with more than 400 local-leaders.Do we still believe in democratic? Even this political freedom to elect a political leader do not suitable for investment? Democratic in Indonesia only means freely to choose someone; but do not mean to give people freedom to choose what they need including investor’ need.
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Bass,
Just kidding about the BUMN. (he he he :-))
Let’s break down the economics real simple for you. Sorry I don’t have pictures, because I get the sense you can’t really read books without them.
Up to about 60-70 percent of domestic demand in our ‘long boom’ from about 1968 until 1997-98 was fed by domestic capital. Sure we had a lot of foreign investment, Japanese, U.S. – especially in the oil and gas sector, you name it. But growth was mainly financed by domestic savings.
The problem now is that 6% GDP growth – about the government forecast for next year – just isn’t enough to create new jobs and start absorbing unemployment. Officially, according to the World Bank, unemployment’s 10 %. Anyone who lives here knows it’s more like 40 % – once you count the underemployed; the toy seller at the traffic lights, Oigal, Dimp, and You.
We need some foreign investment to fill those factories and get the likes of Dimp, Oigal, Jakartass and Indcoup off the streets and into something they could do, like a 20-hour day welding widgets on a production line.
Bottom line: we need better courts, of course. Only the brave or foolhardy are gonna sink $100 million to build a factory when they’ll get shaken down by the local RT/RW/Polsek, DPRD, Kantor Imigrasi, you name it. Just stating the obvious here.
Sadly, getting better court is gonna be a long political process, split into 5-year election cycles. In the meantime, we’ll probably have to settle for about 6% (nation-wide and on Java), growth and start investing in better fences, pepper spray, and beefing up the Siskamling.
Indonesia’s already doing a lot for foreign investment. Our banking system is probably the most open towards foreign investment in Asia – more so than Japan, South Korea, certainly China and ahead of even Singapore. Their politicians don’t bicker about whether or not Standard Chartered can own 51% of Bank Kimchi Nasional – they just say ‘get lost.’
What the world doesn’t properly understand – and we need more credit for is building a liberal democracy from dictatorship and massively liberalizing our economy at the same time.
Imagine if the IMF went to France just after the fall of Louis the 16th, told the government to tender its port licenses, allow the British to bid to re-pave the banks of the Seinne etc etc.
Thanks, Friend.
Increase Da Peace.
Achmad -
Sayid says:
Not all foreign investment is good. The advantage of foreign investment is that it can create new jobs and help increase the productive capacity of the country. The disadvantage of foreign investment is that it would usually result in more money flowing out of the country in the long run.
It can also crowd out domestic investment resulting in an inadequate level of productive asset ownership by locals. If most of the productive assets are owned by foreigners, any gains from increased productivity by the workers would fall into the hands of foreigners.
The wages of workers have little to do with profit levels. The sweat shop workers in Jakarta get paid a couple of cents an hour and have to work long hours in bad conditions. They don’t get a fair days pay for a fair days work. There is a huge discrepancy between the wages they get paid and the value of their work.
If the Indonesian government was to put in place policies that result in increased asset ownership by Indonesians, they would need to be very careful not to cause capital flight. Capital controls similar to what Malaysia used during the Asian financial crisis could be implemented before any of those policies get put into place.
Policies could include:
– a change to the exchange rate regime or central bank policy
– provide an adequate ‘safety net’ (i.e. a welfare state) for Indonesians going into business.
– micro credit schemes
– partial nationalisation of assets if they ever become cheap (sometimes share prices plummet but with a bit of additional capital can be revived).
– liberal funding of education particularly in training engineering and technical staff.
– separate tax structures for foreign and local investors
– a progressive land tax where those who own little or no land would pay no tax and those with a large amount of land pay the tax.
– foreign investment legislation that encourages the good kind of foreign investment while discouraging the bad.
– implement temporary tariffs so that the local industries can develop without getting crushed by developed equivalents from foreign economies.Suharto sold Indonesia’s economic interests out to foreigners. If Indonesia’s economy is to thrive, they may need to take some of it back.
Recent history has shown that advice from the US government can’t be trusted, nor can advise from the IMF, World Bank or WTO. Economic development comes from good strategy, not neo-liberalism.
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Sayid,
We need to go over some basic economics 101 before going ahead:
Wage Levels: wages are set at the intersection of supply and demand. There is also a segmented labor market, where firms are willing to pay a premium for productive workers, as opposed to the drooling, staring into space, kretek-smoking villagers of the kind you’re hinting at.
Are you working for Bakrie?: ‘partial nationalization’ when the assets become cheap. Dude, most of the stuff you’re recommending is already in practice. And just what sort of ‘nationalization’ are you talking about ? What about handing over to Lippo ? Gadjah Tunggal ? Didn’t think so. Oh yes, by nationalization, you mean ‘pribumi’ companies, good, honest, hard-working companies like Bakrie & Bros, Cipta Marga, Bimantara etc.
In the oil and gas industry, there’s a lot of asset divestment – KPC for example. Another alternative is for you to read a newspaper.
There already is liberal funding of education: foreigners have to pay $100 a month to the Manpower Ministry as part of their visa costs. What? Haven’t seen it? I wonder where it went. Might try asking the Department Head driving a Beemer to work.
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Junko says:
Dear Anna,
I wonder why you spend time on the Indonesian. They are raised with a habit of not taking any responsibility of their words.
I am also so fed up with the situation there. They never look at their fault and just make all the boss failed since they always think they are poor and you are rich. You are the target to solve their own personal problem. See! They don’t have money but always want the Nokia 9xxx model. They have no ability to raise their kids but always look for relationship. They don’t really work but they always have unlimited desire. They simply a race of no self-control since they always think all they have is from God. Eventhough you give them more they should have, they just think you are always rich and should share with them.
If you treat them friendly, they will take all their own personal and their relative financial need from you. Trust me. They are failed and they will make you fail.
Indonesian are no longer attractive for FDI on manufacturing. I have turned all my production in China since the Chinese work very hard and the cost of corruption is within budget. In Indonesia, the cost of labour is no longer cheap for its poor and lazy labour. I wonder how you handle your production capacity during the fasting month? So many holidays there. So many lazy excuses.
I really fed up. And you?
The Indo guy keep arguing this and that must be somebody’s son whose father or mother has successfully exploited the people and make himself has no worry of life and survival. They are the parasite of the natural resources of Indonesia. They are the people who never feel the need the take care the poor people there.
Therefore, if the Indo VIP don’t care the poeple, why do we, the foreigner to care about their survival. To survive is depends on the mutual contribution but not the investor.
______________
Anna, I can feel your headache with Indonesian labour and government and policeman, etc., who always go to your factory for some “problem”.
Also, there must be always some righteous “NGO” fighting right for the labour but finally they ask for something else. I know these all. Let’s wait and see how these people survival when all saleable natural resources has gone. Run! Otherwise, they will put all the blames on you and take your life like what they did in 1998 riot. Do you know how they treat the woman’s body during the riot?
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Dimp says:
Hi Junko,
Unfortunately that is the mentality of a lot of Indonesians, they want to get money while doing no work, thus when the foreigners are offering that they will exploit the Indonesian resources and will give their share of profit to the government guess what the decisions are. And now because the government is so corrupt the people don’t see any profit flowing to the people and thus blaming the foreigners for making profit out of the Indonesians… typical, blaming others for one’s incompetency.
If only they are willing to work hard, they need to see China as a role model, where people work hard for less pay, and they spend what is necessary, again if you see how Indonesians spend their money even before they are paid, again they blame others for this behaviour, saying all prices have gone up etc.etc.etc.
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Achmad Sudarsono says:
Mr. Junko,
May I ask where you come from ? As an Indonesian, I can say that The Foreigner is lucky to come to My Country, which god has blessed. Indonesia’s abundant natural resources is a sign of his blessing and our good practices as Muslims. Friend, it sounds like you had a bad experiences. Maybe you should do the introspection.
Friend, Indonesia is the greatest country on Earth. Many countries can learn from us. Why do you try to criticise ?
I suggest you to reflect again with greater wisdom on the situation. Then you will see clearly: that the foreigner who comes here is the lucky one and should thank us.
I also remind you that our nation was born on teaching the foreigners a lesson.
Your Friend,
Achmad
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Grace and Mercy says:
I have turned all my production in China since the Chinese work very hard and the cost of corruption is within budget.
Junko is fed up, but still comments on issues posted on “Indonesia Matters”. Shouldn’t you be more concern about issues posted on “Cung-kwo Matters”?? 😀 😉
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Grace and Mercy,
I thank you for finally supporting my comments. It is good to see you are finally being a true Indonesian.
Achmad
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Robert says:
Achmad,
Indonesia’s abundant natural resources is a sign of his blessing and our good practices as Muslims
I fully agree with you that Indonesia has abundant natural resources. However I don’t think it has anything to do with religion whatsoever. E.g. West-Papua is blessed with lots of copper and gold while the Papuan’s aren’t Muslim. The same argument goes for countries like Brazil, Venezuela and South-Africa who have large natural resources.
As far as these good practices are concerned, can you name a few? It would be nice to hear some positive news.Friend, Indonesia is the greatest country on Earth.
For some people Indonesia is the greatest country on Earth, especially those who live in wealth and have plenty of money. However there is a large group of people for whom Indonesia is not a paradise at all. We all know who they are: victims of poverty, natural disasters, religious violence etc.
Don’t get me wrong: I would love to see Indonesia being the greatest country on Earth, it is daily reality that shows us a different (less positive) picture.Many countries can learn from us.
Do you have any countries in mind? And what would you like to teach them? Explain please.
I also remind you that our nation was born on teaching the foreigners a lesson.
The foreigners may have learn’t the lesson that when you want to colonize a country don’t go in there yourself, like the Dutch did. Now the foreigners colonize Indonesia again, but now via the rulers in Jakarta who sell out Indonesia and squander all the natural resources (oil, gold, copper, timber etc.).
The foreigners may have learnt a lesson, I am afraid the Indonesians didn’t. Maybe class was dismissed too early. So it is time to go back to school again!
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Hi Robert,
The foreigners may have learn’t the lesson that when you want to colonize a country don’t go in there yourself, like the Dutch did. Now the foreigners colonize Indonesia again, but now via the rulers in Jakarta who sell out Indonesia and squander all the natural resources (oil, gold, copper, timber etc.).
The foreigners may have learnt a lesson, I am afraid the Indonesians didn’t. Maybe class was dismissed too early. So it is time to go back to school again!
I agree with you, but this time it shows that Indonesians were not colonised unwillingly, they seem to choose to be colonised.
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Dimp,
I agree with you, but this time it shows that Indonesians were not colonised unwillingly, they seem to choose to be colonised.
That is exactly what it makes so sad. It seems it is happening voluntary. The actual situation resembles the situation with the VOC in the 17th and 18th century, unfortunately. The VOC as a foreign company were trading with local rulers.
Now the position of the VOC has been taken over by foreign multinationals (oil, timber, mining, textiles etc.). And the position of the local rulers has been taken over by the civil and military authorities. And Indonesia is getting robbed every day (again and again). -
See! Dear participants.
The Indo guy keep saying friend, friend, fiend. What is the point to raise his argument with mixing some intimate claim? This is Indonesian style. Hypocrite and never feel sorry on the nation’s people pain.
Hay, Indo man! Have you ever thought deeply why your Muslim god bring Tsunami to your lovely country? The Tsunami comes selectively to Aceh where is notorious for something. You know better than me. Recently, earthquake started again and again. Is your Muslim god getting angry?
What can your country teach the foreigner? Don’t make any “big mouth statement” again. You will sound like a frog inside a well. (Narrow vision but arrogant.)
You are a typical reflection of most Indonesian leader or their descendents. You do not have any pitiful heart with your people. You are a parasite on the lovely poor Indonesian villagers. I seen your people work on very heavy job but the whole family lived on Indomie and chilli paste only.
Your baby milk powder is mixed with sugar and palm oil and sold expensive. Why can’t you the blessed Indonesian be less greedy? Is Muslim encourage greedy people like you to exploit the poor?
We make factory with a heart to help people and pay them better salary than local factory. But the parasite (NGO, Policeman, etc) force us out.
I can tell you one more story. There was a day a kid of my worker knocked down by a car and need blood immediately. No Indonesian man give the little kids blood.
Just only me offer my blood and medical payment immediately. Is it what your Muslim religious teach the people to be so selfish?Please answer me!
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Mike says:
Junko,
Your baby milk powder is mixed with sugar and palm oil and sold expensive. Why can’t you the blessed Indonesian be less greedy? Is Muslim encourage greedy people like you to exploit the poor?
Those milk was most probably manufactured by the many Chinese descents here. I don’t think Indomilk, Ultrajaya, or Frisian Flag were owned by Muslim Indonesians or pribumi. Those Chinese descents were notorious for their greed.
Hay, Indo man! Have you ever thought deeply why your Muslim god bring Tsunami to your lovely country? The Tsunami comes selectively to Aceh where is notorious for something. You know better than me. Recently, earthquate started again and again. Is your Muslim god getting angry?
I thought there’s only one God? If there’s Muslim god, Christian god, and Buddhist god etc. then they will fight each other, right?
Why did Florida always gets the big hurricanes? Why did China always gets the biggest floods? Why did Japan always have their tremors? Why? Why? Why?
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If the IndoChinese is so greedy, why the Indo people of power do not stop them? It is because the Indo people power has been well fed with their money and forget the people’s health. See! Your Indo man always has 40 inch belly. What do they eat? Human blood from the poor and the no power.
Your god will become angry and angry if Muslim is so real. Your religious is very strict but the people do not practice. You are using god’s name. Aren’t you afraid?
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Hi Junko.
They are raised with a habit of not taking any responsibility of their words. Indeed.
You know what, in some point I agree with you, but I just pull out my investment. And go back home, I can’t take all the headache with all that problem in Indonesia. For example people like Achmad (yes I point finger here) I don’t need people like him, he is one the reason Indonesia economy down, economy crisis.
Just like when we still have the factory in Indonesia, some worker are expecting their paycheck, in the end of the week, but during the week they don’t want to do the job, and this is our fault if we fired them?!
And how is that fair to us, to all the investors. We pay them to do the job that they supposed to do, not fulling around. And we can not keep the business running if the production cost is hinger. And they don’t care, all they care is just they can collect they weekly paycheck.And yes we got a few visit from Depnaker. It’s really aggravating, they making excuse to have a visit, or looking for a mistake so they can get little bribe, see! All come down to money.
And I don’t think I will invest anything in Indonesia.
If that’s how they treat the investors, then why we even bother spend money there (no offense), If Indonesia want many investor as much as they can get, then they should give a easy way,and finding good Indonesian people is the challenge. We have a few good Indonesian, but some are can not be trusted, some of them stealing from us.
I know everybody just try to make a living try to survive and so are we. At least help each other, not stealing from others.
and that’s what they doing. Actually we were struggle handling the production capacity during the fasting month.
They expecting all kind of benefit, and they don’t want give us something in return (if you know what I mean).
And the minimum wage in Indonesia just getting higher and hinger, as well as the benefit. And Junko I am Indonesian, and I’m not proud to the some of the people there, they are lazy and so closed minded.
How the country can be advance if of some citizen think that way. It’s sad._________________
Achmad Sudarsono
I can say that The Foreigner is lucky to come to My Country, which god has blessed. Indonesia’s abundant natural resources is a sign of his blessing and our good practices as Muslims. Friend, it sounds like you had a bad experiences. Maybe you should do the introspection.
NO, we all lucky that we brought in this earth, so we can help each other, And it’s nothing to do with Muslim.
And believe me all foreigner have a bad experience when it come to investment, the way some of Indonesian treat them what you expect?
Now let me ask you this, if you are the foreigner investor, and the people who work for you steal something from you, and with all this corrupt government worker who always asking for a bribe, what would you do??Friend, Indonesia is the greatest country on Earth. Many countries can learn from us. Why do you try to criticise?
We criticize some of the people there, and sure the country is great for some of the wealthy people who lived there, who sucking other people money.
Indonesia have a good culture, great country, but also there are many great country in earth other than Indonesia. I don’t agree with some of the Indonesian the way they taking advantage of this investors, if you want to get pay then you should work for it. -
Hi Anna,
I agree with you, when there is something wrong I think people need to reflect on themselves first, don’t start by blaming others. This is one thing that has been happening a lot lately. Please use your common sense people. I know it is easier to blame others, but this will not fix anything, start by changing yourself.
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Hi Dimp,
Well, thank you finally there is someone who have common sense in this world, basically that’s first thing we need. If people have all the high education but have no common sense is useless.
This dude, ono brothers, he seems so educated but yet he is so ignorant, he wants the country to be “maju” but he always thinking backward. We need to look what we going to do for the future, by learning from others, learning from the mistake the country has made, not by blaming each others, and I agree what you said.
And with this Radical Group who always against some of the method to make Indonesia “maju” I don’t think that’s going to work. -
Anna and Junko, Friend,
It is already Jumatan time, so I must soon to go and pray. There is flood everywhere (again, another failing of foreign investor), so it will take a longs time. So just a short response here and more later.
Junko, some comments from you, I will make a comment on:
“This is Indonesian style. Hypocrite and never feel sorry on the nation’s people pain.”
“Your Indo man always has 40 inch belly. What do they eat? Human blood from the poor and the no power.”
Anna:
“For example people like Achmad (yes I point finger here) I don’t need people like him, he is one the reason Indonesia economy down, economy crisis.”
Maybe if you both to want to invest in Indonesia I can help you to do the PR and promotions? We could work together and make a PT – joint Indonesia foreign venture. I can help with permit, government relations. There are many opportunity in Indonesia, Friend.
It is the beautiful country.
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Achmad Sudarsono
Thank you for the offer, but I would taking it form you. Thank you but No thank you, and we can not work together, with your attitude you have. So thank you. I already have someone who helping us with all that.
Yes it is beautiful country.
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Ok Friend,
Flooding is too much, so I will do now.
Friend, this is our thinking. Foreign investor like the VOC, and Royal Dutch Shell take the blood of the people for 350 years. Now it is only fair if they have to pay extra to make up for it. They will still get rich. And many Indonesian is still poor. The Depnaker pejabat, ok, so you have to tip them a little, but later they will make a bid wedding for relative, and there will be multiplier effect in the local economy.
Why you so selfish to keep all your money and not tip ? We have to be generous in life, that’s not just Islam, but all religion, except the religion of money. (I won’t say which group worships money to not make a controversy).
Anna, I suggest you to improve your management skills and stop blaming the country. Indeed, it was not me who cause the financial crisis, but unstable currency markets, unhedged U.S.-dollar exposure from Indonesian conglomerates, and then a 32-year storm of political succession; the fall of Suharto and rise of democracy. It’s a big change, friend.
Junko: it sounds like you had a bad experience, but again, it’s better you become a better businessman and stop blame, blame, blame.
Islam teaches us to be responsible for ourselves and not to depend or ask from others. We Indonesians always learn to ‘Berdikari’; berdiri di atas kaki sendiri, we learn it from our President Sukarno. That doesn’t mean we won’t ask for justice; that is a fair wage and tips when we deserve it.
You are both lucky to have the chance to come to Indonesia.
I welcome you to come back again and open the factory. If you do, I have many relative like second-cousin who have graduate from high-school, and they have many relative of domestic staffs who are looking for job. I recommend you to hire them.
And me also for the PR.
Thank, Friend.
Comment on “2006 FDI”.
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Some of the investment are leaving Indonesia, because some of the material price are went up, and they can not compete with China, Thailand or other asia country.
And also some of new Government regulation it make them little harder, such as EPTIK, and when they raise the minimum labour wages for a small investor make them more harder.
And some of the investor got repp of by someone they know, well it’s they mistake, but this day it’s hard to find someone you can really trust to run their business.