Tempo English Weekly

Economy
Tuesday, January 31, 2017

Market Pulse: Dancing Dangerously to Trump's Beat

Short-term populist economic policies are increasingly dominating the world. One is protectionism. In his first days in office, US President Donald Trump immediately pulled his country out of the Trans-Pacific Partnership (TPP). Trump also invited Mexico and Canada to meet and reassess the North American Free Trade Agreement (NAFTA).

Indeed, protectionism benefits firms that enjoy the protection. But in the long run, inefficiencies and hidden costs will emerge, and…

You have to subscribe to read more content and future editions of Tempo English Magazine. Please clik here to subscribe: web version | iPad (iOS): TMA | Buy PDF edition retail at Tempo Store contact us : 021-888-28394 | cs@tempo.co.id
Archive
Other Edition
Tuesday, March 14, 2017

Plundering Parliamentarians

I swear to God, swear to God," said Setya Novanto when he was asked if it was true there was Rp150 billion for the Golkar Party's coffers from money embezzled out of the e-KTP (electronic ID cards) in 2011. Without denying or confirming it, he held up his index and middle fingers to form a 'victory' sign.

Setya Novanto demonstrated this oath to Tempo editors when he visited this magazine's office on Wednesday last week, a day before the prosecution read the criminal charges filed in the massive corruption case surrounding the e-KTP project at the Jakarta Corruption Court.