SHORT-TERM PAIN, LONG-TERM GAIN FOR INDONESIA
Medan, North Sumatra, Indonesia’s third largest city, Dec 2010. Wikimedia Commons
By Hidetoshi Nishimura, Dionisius Narjoko and Fauziah Zen
The Jakarta Post-Oct 9
Many eyes are on Indonesia, questioning the attractiveness of the country as an investment destination amid significant rupiah depreciation. Is it still smart to put money into the country? Will the country survive the exchange rate depreciation? Or is the country turning towards protectionism? These are some of the questions posed by many Indonesia observers, especially global investors. The short answer is that there are still many robust medium and longer investment prospects in Indonesia, especially for direct investment.
First published in: The Jakarta Post