If foreign groups are prepared to ride out the legal uncertainties here, just imagine how much Indonesia can benefit if it got its act together where the law and justice is concerned?
When international bondholders tried to seize 70 per cent of Central Proteina Prima after a default, they did not expect a controversial rights issue that diluted their holding in the Indonesian aquaculture company to 40 per cent and, last month, a $4bn lawsuit. |
Foreign groups prepared to ride out Indonesia uncertainty |
By John Aglionby in Jakarta
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Published: August 3 2009 22:50 | Last updated: August 3 2009 22:50 |
Most analysts believe last month’s double hotel bombing in Jakarta is unlikely to have much permanent impact on Indonesia’s economy, provided it was not the start of a wider destabilisation campaign. |
But even before the attacks, the investment climate was far from ideal, as many high-profile foreign investors in south-east Asia’s largest economy have learnt for themselves. |
Separately, Research In Motion, the Canadian manufacturer of Blackberry smart phones, recently found itself within a whisker of having imports of new devices banned until it set up an in-country service centre. |
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