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Archive for the ‘politica economia’ Category

World capital markets show the same trend in late four months, stock price index rallied since March 2009. Start with Dow Jones Industrial Average (DJIA), then Nikkei of Tokyo and other stock market around the world including Jakarta Stock Exchange (JSE) follow suit.

The trend thus followed by oil price even with more moderate ways. Oil price is back to punch through US$ 70 a barrel, the same price level as in the mid 2006 and 2007. Stocks and oil price movement seems like sending message that the worst of recent world economic crisis has been passed, the capital market has already leave the most bottom of the curve and welcoming the recovery.

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Susilo Bambang Yudhoyono (SBY) campaign team always boasted economic achievement during SBY led administration which successfuly reduce foreign debt including paid remaining $ 7.8 billion debt from International Monetary Fund (IMF). In SBY administration, foreign debt was massively replaced by domestic debt by issuing government bond either in rupiah or in foreign currency such as US dollar or Japanese Yen (samurai bond).

They acknowledged the total debt was grew, but they assure it was secure as the debt to GDP (gross domestic product) ratio was significantly smaller than in previous years. In 2004, the first year of SBY administration, the debt to GDP ratio was still 57 pct and in 2008 reduced to 33 pct.
(www.sbypresidenku.com)

National Development Planning Agency (Bappenas) officers when asked about why we compare government debt to GDP, they will always tell  that it was a custom around the world. They just followed the so called global standard.

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On SBY

Early Life

His life record was so perfect, unparalleled by any other Indonesian recent politician. Born as the only son of a low rank soldier in the poorest region of East Java. Susilo Bambang Yudhoyono (SBY),  came to earth at noon of 9th September 1949 when the hot sun rays baked the already dried hills of Seribu mountain range of Pacitan regency. SBY born among big families of Tremas Islamic boarding school (pesantren). He inherit the blood of the founder of Pesantren Tremas from his mother and founder of Pesantren Gontor from his father.

Little SBY live with his uncle, the chief of Tremas village, since his father was always moving to carry out his military duty. Even as the only son, he is not spoiled. Life was hard and so did young SBY hard to himself. His intelligence made him reference for his school friends especially who asked him to teach them in science, mathematics, and English language. Although it mean he must walk kilometers away to go to his friend’s house only to teach them. As reward, his friend treat him meal.

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Year 2009 mark the last chapter of President Susilo Bambang Yudhoyono (SBY) administration that has lasted four years. Indonesia will held general and presidential election to choose their next parliament representatives and leaders.

People still remember years of SBY administration which darkened by so many disasters, either natural or man made. Tsunami struck Aceh and Nias in the end of 2004 took hundred thousand lives, earthquake in Yogyakarta May 2006 with dead toll amount 5,000 and many more left homeless, then followed by mudflow in Sidoarjo that drove thousands of people out of their village. The disaster caused by careless natural gas drilling activities of PT Lapindo Brantas which partly owned by Bakrie Group, known as SBY close ally and his biggest financier during 2004 election campaign.

In Yogyakarta, city where SBY spend years as regional military commander, SBY directly lead the earthquake relief mission. He even move his office to Yogyakarta for five days. But only after Jusuf Kalla, the vice president, who later took over the job and bring relief mission in Yogyakarta on the fast right track. At least at the moment.

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”All surveys and polling shows there are no parties can gain more vote on coming election but PKS. Some survey assure that PKS will get not less than 10 percent of vote on 2009,” an editor of political issue confirm me few days ago.

In some and other ways I agree with him. Beside two major parties, Golkar Party and Indonesia Democratic Party on Struggle (PDIP), other parties including Islamic parties have no solid achievement to maintain what they already got back in 2004 general election.

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