The presence of ‘something foreign’ in Indonesia is often still a somewhat sensitive issue. And, we would not be surprised if it is the country’s prolonged colonial period – when foreign forces (particularly the Dutch) came to the Archipelago in search of commodities – that brings back traumatic memories from the past. This history may thus also explain why Indonesia – today – shows a relatively high degree of economic nationalism and resource nationalism.

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Last month we were still a bit pessimistic about Indonesia’s trade performance, with bleak imports into Indonesia being the main reason (while the country’s impressive export performance is nice, but essentially the result of Indonesia’s over-dependence on raw commodity prices, which is actually a structural weakness of Southeast Asia’s largest economy).

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As we have mentioned on various occasions in our updates and reports before, the year 2020 was a very tough one for airlines. The social and business restrictions that governments imposed across the world in an effort to curb the spread of the COVID-19 virus took a huge toll.

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Bank digital sebentar lagi bukan hanya mimpi bagi Indonesia. Kepala Eksekutif Pengawasan Perbankan Otoritas Jasa Keuangan (OJK) Heru Kristiyana mengkonfirmasi bahwa badan pengawas kegiatan sector jasa keuangan tersebut sedang menggodok aturan pendirian bank digital.

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