Happy Maids - Corrupted Government crashed Indonesian Rupiah

[Worm]

Indonesia intervenes as rupiah hits new record low
https://www.businesstimes.com.sg/co...intervenes-markets-rupiah-sets-new-record-low

 

[Worm]

13800 tonight, Indonesia may hike rates tomorrow
https://www.channelnewsasia.com/bus...-may-20-slim-majority-economists-said-6129186

 

[Pinkieslut]

Meant many coolie genes will cheong Batam for cheap food and sex.

 

[Worm]

13950 against SGD today

OCBC revises Indonesian rupiah forecasts downward, citing a tougher macroeconomic backdrop
https://bitcoinworld.co.in/indonesian-rupiah-forecast-ocbc-2026/

 

[Worm]

SGD crossed 14000 against rupiah for the first time
https://www.straitstimes.com/busine...ses-14000-per-singapore-dollar-for-first-time

 

[Worm]

Capital Flight - Remittance moneychangers' rates imploded

https://www.bloomberg.com/news/arti...0-level-has-markets-on-guard-for-intervention

 

[Worm]

Indonesia rumored to nationalize more commodity assets - Rupiah crashed further to 14100 against SGD
https://www.straitstimes.com/busine...essure-on-indonesia-to-deliver-concrete-steps

 

[cocobobo]

Dumb prez and his teddy boy

 

[Narong Wongwan]

Can go chiong in the 3Bs - Batam, Bintan, Bali.

Ferry ticket increased prices

 

[syed putra]

Indonesia’s Foreign Exchange Reserves Fall $3.7 Billion as Central Bank Defends Rupiah

Indonesia is experiencing major dollar funding losses amidst a cash crunch on surging demand for money to buy oil. Officials ihad to scramble to contain the monetary pressure
https://jakartaglobe.id/business/in...all-37-billion-as-central-bank-defends-rupiah
https://www.bloomberg.com/news/arti...ves-hit-nearly-two-year-low-on-rupiah-defence

I stead of wasting money defending rupiah, spend building infrastructure better.
Just last month, entire sumatea blackout . Not enough power.
That usd3.7bil could have built power plants and improve grid. No power, no business can start or expand.

Problem with Indonesia is it's Javanese centric. Everything spent on Java. The new capital in kaLimantan also wrong location. How to attract investmrnt?

The best place for new capital is on Sumatra east coast along Malacca straits. Dumai, or Batam. Investment will flow like crazy as it lies on trade routes.