Guess which country is doing best??? Indonesia!!! ๐ฎ๐ฉ๐๐ป๐๐ป๐๐ป Told you, this Omnibus Law is a good thing despite all the negative op eds. 
https://twitter.com/Trinhnomics/status/1323468425360891910
IDR not doing badly either!!!
Equities also amongst the best in a month!
Op ed on why the Omnibus Bill is a good thing (Jokowi signed to law & unions challenging). If you think it isn't, please say why. I mean, what's so great about Indonesia labor & environmental law now that needs to be sustained? The economy needs reforms.
asiatimesfinancial.com/protecting-fewโฆ
asiatimesfinancial.com/protecting-fewโฆ
Changes proposed (details depending on implementation). The key objection about this is the labor & environmental part but they raised the fines of environmental damage. Issue for some is that they centralize decision making, which I think is necessary. Indonesia needs to change!
People are like the Omnibus Bill will DILUTE ENVIRONMENTAL PROTECTION. How? First, is it even good in the first place? Absolutely not.
Have u heard of deforestation for palm oil & the burning etc? Yes, u get smog in Singapore from this annual feat. I mean, don't get me started.
Have u heard of deforestation for palm oil & the burning etc? Yes, u get smog in Singapore from this annual feat. I mean, don't get me started.
Beyond badly managed environmental issues like deforestation for palm oil & the practices involved that causing hazing in the region, waste management is an issue.
So why protect & maintain such a terrible system?
channelnewsasia.com/news/cnainsideโฆ.
So why protect & maintain such a terrible system?
channelnewsasia.com/news/cnainsideโฆ.
Reason for the high dependency on commodity such as palm oil is that Indonesia doesn't HAVE ENOUGH JOBS, specially manufacturing & formal jobs.
Excl agriculture, only 25% of total jobs are formal & manufacturing FDI declined despite all that supply of labor.
Needs to change.
Excl agriculture, only 25% of total jobs are formal & manufacturing FDI declined despite all that supply of labor.
Needs to change.
Indonesia is the only country w/ manufacturing FDI growth DECLINING in Asia. Yes, yes, yes.
And consequence? DECLINING GLOBAL EXPORT MARKET SHARE thanks to terrible policy of restrictive FDI & rigid labor market & decentralization.
Why not change?
And consequence? DECLINING GLOBAL EXPORT MARKET SHARE thanks to terrible policy of restrictive FDI & rigid labor market & decentralization.
Why not change?
Let's look at all the fuss about labor unions saying the law makes people poorer etc. First, LABOR MARKET CONDITIONS TERRIBLE & only for 25% of total non agri jobs as Indonesia has 75% informal. So protection for the few.
Too rigid & amongst most in the world. Look at VN vs ID.
Too rigid & amongst most in the world. Look at VN vs ID.
Why not ease policy to be in line w/ global standard & competitive vs protecting the very few w/ jobs while leaving out the rest.
Indonesia has 5% real GDP growth rates from 2013 to 2019 but reality is WORSE. Look at exports. Peaked in 2011 nominally. Look at value add. WORSE.
Indonesia has 5% real GDP growth rates from 2013 to 2019 but reality is WORSE. Look at exports. Peaked in 2011 nominally. Look at value add. WORSE.
U're like what's DVX & FVA. It's the decomposition of gross exports & how much of that is from foreign value add (or foreigners gaining in Indo's exports) & Indo's value add by exporting intermediates used by rest of world.
BOTH ARE DOWN. NO ONE IS WINNING.
Why not change?
BOTH ARE DOWN. NO ONE IS WINNING.
Why not change?
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