Has been fascinated by Indonesian cultures and history since the very first time he stepped foot on Indonesian soil in mid-1998, just one month after Indonesia's second president, Suharto, stepped down from office at a time when the Asian Crisis ravaged through the country. He decided to do his Bachelor and Masters degrees in Southeast Asian Studies at Leiden University (the Netherlands) with a major focus on Indonesian society, history and linguistics.

After successfully finishing his MA degree he temporarily taught Indonesian languages and cultures at the Volksuniversiteit in Rotterdam (the Netherlands), while increasingly becoming aware of the economic potential of Indonesia in a world where the economic gravity point was rapidly shifting to the East. With having had a profound training in Indonesia's macroeconomic history at university, he started to delve into the contemporary economic conditions of the country and through frequent visits to Indonesia established a network within businesses and government circles. Since 2013 he has been permanently based in Jakarta.

"One of the most important aspects of doing business in Indonesia is to comprehend Indonesia's culture of business"

Organization Indonesia Investments
  Private Investment Company
Position Managing Director
Expertise Investment & Business Strategies | Investment & Business Environment | Macroeconomics & Politics | Cultural Studies


----------------

Columns of R.M.A. van der Schaar

  • Indonesia Stock Market & Rupiah Update: US Payrolls & Rate Hike Expectations Surge

    Indonesia Stock Market & Rupiah Update: US Payrolls & Rate Hike Expectations Surge

    Indonesian assets weakened on Friday (06/11) on expectation that US non-farm payrolls and US employment data would improve, suggesting that a Fed Fund Rate hike may occur in December 2015. Such expectations were correct. After Indonesian and other Asian markets had closed on Friday, the US Labor Department announced that October payrolls rose 271,000 (the largest increase this year), while the US unemployment rate touched a seven-year low at 5 percent. Furthermore, the average hourly earnings over the past 12 months climbed by the most since 2009.

    Read column ›

  • Analysis Indonesia’s Property Market; Overview & Foreign Ownership

    Analysis Indonesia’s Property Market; Overview & Foreign Ownership

    The residential property sector of Indonesia remains attractive in 2015 despite several factors having managed to slow growth over the past two years. In this column I discuss the factors that have slowed growth in Indonesia’s property sector and how Indonesian authorities (such as the central bank and Financial Services Authority) responded to these challenges through new regulations. Lastly, I provide an update on the recently announced plan of the Indonesian government to allow foreign ownership of luxurious apartments.

    Read column ›

  • Stocks and Rupiah Update Indonesia: A Vicious Downward Spiral?

    Stocks and Rupiah Update Indonesia: A Vicious Downward Spiral?

    Both Indonesian stocks and the rupiah continued to slide on Thursday (04/06) and seem to be caught in a vicious downward spiral brought about by both domestic and international factors. Indonesia’s benchmark stock index (Jakarta Composite Index) fell 0.68 percent to close at a five-week low of 5,095.82 points, while the rupiah depreciated 0.39 percent to IDR 13,281 per US dollar (Bloomberg Dollar Index), a level last seen in the late 1990s when the country was plagued by the Asian Financial Crisis.

    Read column ›

  • Rupiah & Stocks Weaken Ahead of Bank Indonesia Policy Meeting

    Rupiah & Stocks Weaken Ahead of Bank Indonesia Policy Meeting

    Investors are clearly waiting for results of Bank Indonesia’s Board of Governor’s Meeting, conducted today (19/05). In this monthly policy meeting, Indonesia’s central bank will decide on its monetary approach. For most market participants it is of crucial importance to learn whether Bank Indonesia will adjust its interest rate policy in order to support the country’s economic growth (which slowed to a five-year low in the first quarter of 2015). Ahead of results, scheduled to be released this afternoon, Indonesian stocks and the rupiah weaken.

    Read column ›

  • Economic Update Indonesia: Stocks, Rupiah, Infrastructure & Economy

    Economic Update Indonesia: Stocks, Rupiah, Infrastructure & Economy

    Ahead of the release of Indonesia’s official first quarter GDP growth figure (scheduled to be released in the first week of May), Indonesian stocks fell and the rupiah depreciated (slightly) against the US dollar on the back of weak market sentiments that have plagued Indonesian markets over the past week. Most importantly, weaker-than-expected Q1-2015 corporate earnings reports of listed Indonesian blue chips have made market participants concerned that Indonesia’s economic slowdown has continued into the first quarter of 2015.

    Read column ›