Discover and read the best of Twitter Threads about #Suharto

Most recents (5)

Currency Devaluation or Depreciation might be helpful in outward paying economies that have an export-led model of growth.
Economies where the majority of the derived demand is based on domestic commercial activity, might find currency price reduction as a harrowing systemic risk
The first thing that an IMF Program desires from its client states is that they should devalue or assist market-based depreciation of their nominal exchange rate.
In this way, the economy can instil a shock by means of which macroeconomic adjustment will take place!
Reducing CAD
All client states that borrow to finance the balance of payments gap, working under the IMF Program, lose their economic sovereignty and turn into satellite states.
The International Political Economy of the IMF Structural Adjustment Program needs understanding.
These are tools
Read 17 tweets
Yesterday was another crazy day for #Football & specifically in this case, for #Derby #dcfcfans

#EFL ruling on their accounting practices

Threat of sanctions - What will that mean?

#RichardKeough ruling - They have to pay him £2.3m (bonkers episode)🤯…
Then add in the farce of the #takeover process

A 29 year old front-man masquerading as an Instagram Billionaire (complete with macho boxing backstory & links to Indonesian investors & looted billions) #Suharto

👏 @secondtierpod ⤵️

#DCFC #FitAndProper

I'm equally fascinated & frustrated by rogue investors in #EnglishFootball

I've read widely and spoken to people with genuine knowledge of the machinations of global finance💸

What puzzles me today is, how/why did #MelMorris get himself in this hole?😏
Read 18 tweets
Did the Asian Financial Crisis (1997) had any influence in the 2008 crisis?
No, Not really!

#SOX Compliance came after ENRON and WORLD COM Frauds and Financial Reporting Failures.

You cannot mix the two events.
Asian Financial Crisis came about as a result of Unsound Macroeconomic Policies, disrespect for stabilization, excessive price competition among trading nations, lack of Asset Liability Risk Management done at the Central Banks, monopolistic market structures,
Read 33 tweets
This tweet admits the reason why a number of lawmakers have supported the #AntiTerrorBill and confirms the concerns and sentiments of those who oppose it--that it is to quell dissent toward the #DuterteKakistocracy and to clamp on free speech and the freedom of the press.
To begin with, all the countries mentioned in the senate president's tweet have either undergone oppressive governments under tyrants, registered poor ratings in free speech and press freedom, committed gross violations of human rights, or even banned religious freedom.
Thailand, for instance, had been ruled by men in uniform for 55 of the 83 years from 1932 to 2009. And it was ruled by a military junta from 2014 to 2019. Its politics also has a frammework of constitutional monarch. It may also be recalled that in 2007, a military
Read 18 tweets
Today is 22nd anniversary of the fall of late President #Suharto amid mass student protests, rioting on 21 May 1998. I was then Reuters Jakarta correspondent, running from rubber bullets, tear gas almost every day. I witnessed incredible courage from people of #Indonesia. Thread
1. These are the lessons I learnt from #Indonesia
- Freedom is not free. You have to fight and sacrifice for it
- The fall of #Suharto was just the beginning of a long, back-breaking struggle to forge democracy, re-build or build democratic institutions for the future
2. Long-running regimes never want to give up power. They will use race, religion to shake new & democratic government. And nothing provoke people quite like race & religion.
- Hence, soon after Suharto's fall, religious & racial violence erupted in #Kalimantan, #Maluku etc.
Read 12 tweets

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