Thursday, May 18, 2006

The Cabinet with Celeb Complex, Part Two

If you happen to read newspapers in the last few days, you may end up with the very same question: Who is the trully representative of government view on one particular issue? Will cabinet members keep using media merely as popularity booster for their own interests and leave the society at large without clear guideline on what the government will do?
With mounts of homeworks to boost economic growth, ministers allocates so much time to talk in various seminars, workshops, media visits, TV or radio talkshows and give so little time to analyze and make key decisions.
Public debates & discourses are important in a healthy democracy, but when it's just too much, no decisions would be made. Officers can't everytime ask people what they think of an issue or look at the popularity rating and then make decision on it. A lengthy decision making process would consume the government's energy.
"This administration has just no basic management skill i.e. making decisions. You can't score big points if you can only make two decisions in a year," an investment banker told me yesterday.
Look at how ministers talk-too-much-talk---on Cemex SA's deal with Rajawali Group regarding the 25.5% shares in PT Semen Gresik Tbk. Government officers as the representative of the state as the majority shareholder of the company tend to stand above the capital market law with their conflicting statements that put public investors at the sidelines and yet the market authority did nothing to punish government for that. (Guess it's an inferior complex at the stock market authorities)

At odds:
1) Cemex-Rajawali Group
2) MSOE Sugiharto-Presidio/MSOE Sugiharto-Consortium of SOEs/local administration etc

Let's do a little rhetoric analysis on
1) Vice President Jusuf Kalla: The buyer should be a local company or consortium of local companies (even though with foreign investor's funding?). Gave authority to Sugiharto to arrange the details.
2) Sugiharto, minister for the state-owned enterprises (MSOE): The buyer should be a local company plus local administrations/proxy or a consortium of SOEs and local administrations. Ask approval from finance minister Sri Mulyani.
3) Sri Mulyani, finance minister: No way that the state would finance the shares buyback, it's also difficult to deploy non-state funding if SOEs would be involved in the buyback.
4) Paskah Suzetta, national development planning minister

Plus member of parliaments:
1) Didik J. Rachbini, PAN legislator:
2) PKS
3) PPP
4) PKB
5) Democrat Party: Vera Febyanthy

To be continued...


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3 Comments:

Blogger tempo dulu said...

ever the cynic!!

hahaha!

and what's happened to all your links dude?!

May 18, 2006 4:59 PM  
Blogger Unknown said...

i just posted a comment before, i think you deleted it!!

If you mean one like i do on my page (scroll down 3-4 posts down - today's posts are always in full!). if you mean to do it like that, then i will show you how. give me email address or Yahoo address, yahoo is better, we can chat, i can show you how and guide you step by step.

May 19, 2006 3:30 AM  
Blogger IRVANY IKHSAN said...

do you aware that blue valley is only paper company (US$ 6 company)? what is you opinion about US$ 6 company buying trilyun rupiah company? is it possible?

November 02, 2006 9:54 PM  

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