Columns of R.M.A. van der Schaar

  • Netherlands Sends Trade Mission to Indonesia, Rutte Addresses Parliament

    Netherlands Sends Trade Mission to Indonesia, Rutte Addresses Parliament

    On 23 November 2016 Dutch Prime Minister Mark Rutte will become the first Dutch prime minister to address Indonesian parliament. It is rare for foreign political leaders to speak to Indonesian parliament. Rutte's speech is part of a four-day Dutch trade mission program to Indonesia. Mark Rutte is accompanied by Foreign Trade and Development Cooperation Minister Lilianne Ploumen, Infrastructure and the Environment Minister Melanie Schultz van Haegen and Environment Minister Sharon Dijksma. In recent years the Netherlands and Indonesia have both been eager to enhance bilateral relations.

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  • Asian Stocks Sliding on US Election Jitters, It's All about Safety

    Asian Stocks Sliding on US Election Jitters, It's All about Safety

    Asian stocks, including Indonesia's benchmark Jakarta Composite Index, continue their persistent slide on Friday (04/11) ahead of the US presidential election on Tuesday 8 November 2016. By 10:45 am local Jakarta time, Indonesian stocks were down 0.29 percent to 5,314.00 points, while the rupiah had depreciated 0.14 percent to IDR 13,093 per US dollar (Bloomberg Dollar Index). Besides the too-close-to-call US election, investors are also keeping an eye on the mass demonstration in Jakarta today.

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  • Jessica vs Mirna: Vietnamese Iced Coffee Murder in Cafe Olivier

    Jessica vs Mirna: Vietnamese Iced Coffee Murder in Cafe Olivier

    Despite being a hot topic in Indonesia since the start of the year, we ignored the murder case of Mirna Salihin. However, we decided to devote one article on the topic because on Thursday (27/10) Mirna's friend, 27-year old Jessica Kumala Wongso, was sentenced to 20 years in prison having been found guilty - by the Central Jakarta District Court - of murdering Mirna by putting cyanide in her Vietnamese iced coffee. The whole case and trial bear resemblance to the O.J. Simpson murder case in Los Angeles (USA) in 1995 in terms of public attention and media coverage.

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  • Analysis Performance & Accomplishments Indonesia Under Jokowi

    Analysis Performance & Accomplishments Indonesia Under Jokowi

    After two years in office, the time is ripe now to take a look at the performance and accomplishments of the government under the leadership of Joko Widodo, often called Jokowi. Indonesia's seventh president was a bit unlucky. In the first year of his rule, commodity prices were at multi-year lows (curbing Indonesia's foreign exchange earnings) amid sluggish global economic growth, while capital outflows from Indonesia occurred on the back of monetary tightening in the USA, sending the rupiah to a 17-year low in September 2015.

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  • Weak Tax Revenue Indonesia in 1H-2016, Spotlight on Tax Amnesty

    Weak Tax Revenue Indonesia in 1H-2016, Spotlight on Tax Amnesty

    Indonesia's tax revenue realization in the first half of 2016 was disappointing. According to the latest data, Southeast Asia's largest economy collected a total of IDR 518.4 trillion (approx. USD $39.6 billion) worth of tax revenue (including customs and excise) in the first six months of 2016, down 3.3 percent (y/y) from tax revenue realization in the same period one year earlier, and only 33.7 percent of total targeted tax revenue (IDR 1,539.2 trillion) set in the revised 2016 State Budget. The disappointing performance is mainly due to weak tax income from the oil and gas sector.

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