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Happy Maids - Corrupted Government crashed Indonesian Rupiah

Worm said:
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
Click to expand...
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.
 
After being 'pressured' by a joint letter from 200 Chinese companies, Indonesia's stock, bond, and currency markets suffered heavy losses, and the flight of foreign capital has become even worse than the situation in India. For a resource-exporting country to resort to petty tricks instead of maintaining its national credibility, they truly deserve it!
Stock market erased off 40% with $400 Bn
 
Indonesia is waging a massive, multi-front crackdown on palm oil companies to curb revenue leakages and enforce price controls. Recent government actions include sweeping investigations into major producers for alleged export under-invoicing, criminal probes into hundreds of firms for underpaying local farmers, and an aggressive state takeover of the export market.

https://www.businesstimes.com.sg/in...-asks-police-probe-hundreds-firms-palm-prices

Listed Companies on SGX with large Indonesian Palm Oil Assets:
Golden Agri-Resources Ltd (SGX: E5H)
First Resources Limited (SGX: EB5)
Bumitama Agri Ltd (SGX: P8G)
Indofood Agri Resources Ltd (SGX: 5JS)
Kencana Agri Limited (SGX: BNE)
Wilmar International Limited (SGX: F34)

Listed Companies on Malaysia Bursa with large Indonesian Palm Oil Assets:
MKH Oil Palm (East Kalimantan) Bhd (Bursa: MKHOP / 5319)
Kuala Lumpur Kepong Bhd (Bursa: KLK / 2445)
IOI Corporation Berhad (Bursa: IOICORP / 1961)
Genting Plantations Bhd (Bursa: GENP / 2291)
United Plantations Berhad (Bursa: UTDP / 2089)
Negri Sembilan Oil Palms Bhd (Bursa: NSOS / 2038)
 
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