Watch direct investment by Singaporean firms (also Japanese, Taiwanese & South Koreans). They understand Asia and usually ahead of the game. The Singaporeans bought up Vietnam real estate at the height of the crisis circa 2011-2012 & got some good deals & that was a good call.
https://twitter.com/STcom/status/1318363318206275586
The question we have to ask is that whether Indonesia could ever be a story that is not just domestic demand but rather one that is rising in participation of global value chain and more outward.
When was the last time you bought something that is Made in Indonesia?
When was the last time you bought something that is Made in Indonesia?
Elephant in the room is India (a sleepy giant in term of FDI but more awake than Indonesia). India is a favorite for portfolio investors (see valuation of equities and also even bonds). That said, needs to be more outward.
When was the last time u bought something Made in India?
When was the last time u bought something Made in India?
What I mean is that it's not that nothing is made in Indonesia or India (exports in 2019 were 168bn for Indonesia - about half of Vietnam's & India exports peaked in 2011 at 337 & 2019 about 324bn) but that it's too small as a share of GDP & the population of these economies.
For their population (India 2nd in the world & will be #1 & Indo #4), exports per capita is pretty low. Should see even more things made in India & Indonesia. Maple Tree FDI into logistics shouldn't just be in China, Malaysia & Vietnam.
When will change happen? Hopefully soon🤞🏻.
When will change happen? Hopefully soon🤞🏻.
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