The rupiah has fallen into unknown territory, just like India. Prabowo Subianto is telling the Indonesians that a falling rupiah does not affect most of Indonesia's poor because they do not use US$. Prabowo does not look capable of doing what the previous President, Joko Widodo, did in maintaining stability and managing relations with China and USA.
There is a perceptive change in the behavior of Prabowo, different from the one that rushed first to China atter his election and during the Chinese Military parade in September 2025. What caused the change, we do not know. The dark side has obviously got to him.
Anonymous
4 comments:
Indonesia may boast about all the resources that it holds, but without foreign investments, they will just lie underground, as they did for centuries. Just like India gloating about its expanding population and its population dividends, but with little attraction for foreign investments, it is all empty talk. Now India is trying to lure investments in nuclear energy to rival China. It is even touting about wanting only reputable establishments to invest in nuclear energy. Non reputable ones better stay away. Can I call that a blessing in disguise for them?
China is the world's biggest consumer of nickel for battery manufacturing, and Indonesia is the world's biggest source of nickel, but one Chinese company just pulled out of a nickel multi-billion project in Indonesia. China is moving towards less reliant on nickel and leveraging on sodium-ion batteries. See the picture emerging? Attempting to force China into a corner, believing it has invested billions and will not pull out was a big gamble and Indonesia is paying for it.
China is the investment source to go to for manufacturing, not the USA today. The USA is closeting itself and is least able to help countries with manufacturing. Instead, it is the reverse. Trump is always about USA first, although some of those actions run contrary to his talk and twits. Moreover, the USA is in deep financial trouble itself, unable to sell its debts to global buyers to fund its spending and with trillions of maturing bonds to take care of.
To those still believing the USA will come to help its economic expansion, good luck to them. Those days are over and the world is different.
Probowo, Marcos, Hun Manet (cambodia) and Liang po po, all had something in common. They all had stayed in the US before for a period of time. So the CIA might already got hold of some of their dirty stuffs. Therefore they are more incline to follow the big bully order. Watch out for Liang po po next year when sinkieland take over the Asean chair. He may be ready to poke the dragon up north.
Pardon my ignorance. Please tell me who's Liang Po Po?
Thank you.
Hahaha
Good question.
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