Facing A Thousand Trillion Challenge
There is a huge challenge for President Joko Widodo in his second term which is started this week.
The problem is not only economic slowdown, but the nation also faces the gargantuan test: how to keep investor’s hot money staying here. Do not misunderstand this market lingo. Nothing is illegal about hot money. The word ‘hot’ here is just to describe its feature of easily moving around and looking for the highest return.
In Indonesia, a massive amounts of foreign money is currently sitting in government securities. T...