Homepage / Asia / 20 years after the Asian Financial Crisis, Indonesia has lessons learned — and warnings
Jogue Por Dinheiro Actual Em Cassino Onlin Bonver Casino Cz Hrací Automaty S Bonusem Zdarm Magazyn Żużel Speedway W Polsce I Na Świeci Zakłady Sportowe Online Autógrafo Bukmacherska 1xbe “Pin-up O Melhor Cassino Do Brasil Web Site Oficial ᐈ Jogar Caça-níquei Zakłady Sportowe Online Obstawiaj U Bukmachera Gg Be What Industries Use Virtual Data Room? Advantages of a Data Room What Does a Board Room Provider Do? Data Room Analysis for Venture Capital Funding The Importance of Board Reporting Software Safe Uploading and Downloading Business Files How to Select the Best Board Management Software How to Organize the Work of a Company “gerçek Parayla En Iyi Slot Makineleri Ve Spor Bahisler Which is the Best Podcast For Stock Market Beginners? Virtual Data Room Facts How to Protect Confidential Documents for Boards Advantages of Online Meetings Business Issues to Consider When Choosing a Data Room Provider What Is a Data Room? Virtual Board Room Software Due Diligence Risk Factors How to Choose a Reliable Tool for Data Exchange test Users535352253 Board Software and VDR Programs Business Operations Management Software Keep Data Safe and Protect Your Business Data How to Conduct a Board Self-Assessment Uncomplicated Ways to Simplify Daily Business Transactions Due Diligence Blog Digital Data Rooms for the Netherlands The New Era of Business Software and Reporting What Types of Businesses Use VDR Software? Ma Analysis Mistakes The Corporate Governance Role Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Unlimited Data Room Software For Due Diligence Leading Business Software Features to Look For Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals

Asia

20 years after the Asian Financial Crisis, Indonesia has lessons learned — and warnings

Indonesia suffered its worst financial crisis in 1997 to 1998. The Asian Financial Crisis that hit the nation severely affected its economy, with some reports indicating a 13.7 percent contraction in growth.

In one year, the Rupiah weakened from 2,500 against the U.S. dollar, to 10,000 Rupiah — with the pair peaking at 17,000.

Twenty years on, the decline that triggered poverty, political instability, and mass unemployment has taught policymakers important lessons about maintaining healthy debt levels, according to Chatib Basri, Indonesia’s finance minister from 2013 to 2014.

Speaking with CNBC’s “Capital Connection” on Monday Basri suggested that Indonesia has already learned from its mistakes, which could be seen during the Global Financial Crisis when the government’s economic stimulus limited the negative impact.

Still, the government’s efforts to deregulate the economy do not always translate to the local level, as municipal governments often refuse to comply with the state’s laws. Due to decentralization, the central government doesn’t have total control over, which impedes the full implementation of any new policies.

And he’s not the only one expressing anxieties about the economy. J. Soedradjad Djiwandono, former governor of the Bank of Indonesia between 1993 and 1998, said he is worried about the country having too much debt.

Djiwandono, who was dismissed from office due to policy differences with former President Suharto during the crisis, said that Indonesia’s “increasing leveraging scares me.”

“Studies show that high leveraging is associated with more problems when crisis erupts, and also requires longer recovery time,” he told CNBC.

Despite their nervousness regarding the future, foreign investors like Mark Mobius remain optimistic on the region.

Mobius, the executive chairman of Templeton’s emerging markets group, said in a recent note that “many countries, companies and individuals have since learned from the harsh lessons of the [Asian Financial Crisis] and have built up foreign reserves and reduced foreign debt loads in relation to GDP and earnings,” and that then means that the “outlook on emerging marks post-crisis is very good.”

Adrian Zuercher, head of Asia Pacific asset allocation for UBS Wealth Management, told CNBC that while the Indonesian equity market may be a laggard for now, he expects it to outperform in the second half.

“Indonesia has underperformed in the first half, but we see multiple signs that the economy is starting to pick up,” he said, adding that UBS expects “earnings to grow 15 percent this year, 10 percent next year, and we see upside for the equity market almost 10 percent, at this point, for the rest of the year.”

Source: cnbc china
20 years after the Asian Financial Crisis, Indonesia has lessons learned — and warnings

Comments are closed.