Letters
Tuesday, April 25, 2006
Local Investor Nationalism
President Susilo Bambang Yudhoyono (SBY) in his recent visit to Cikarang Industrial Area, West Java, expressed his regret at the lack of investment by Indonesian entrepreneurs. After the crisis, most Indonesian entrepreneurs prefer to move their businesses abroad. Based on economic theory, there is nothing wrong with the capital outflow. However, according to SBY, it would be better if local investors can demonstrate the
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