Thursday, November 02, 2006

Investment Forum: Here, There, and Everywhere

Yesterday, president SBY gave speech to prospective investors/creditors at Infrastructure Summit II, Jakarta Convention Center. One mile away, at Shangri-La Hotel, SBY gave another speech this morning, practically with the same messages (to lure investors in) to prospective investors attending Regional Investment Forum (RIF). Other cabinet members also deliver speeches in both events, with copy-paste here and there.

Indonesia Forum had just organized in Shanghai, China, with SBY as the keynote speaker and some ministers too. By the end of the week, in Makassar, South Sulawesi (hometown of VP Jusuf Kalla), The Bugis-Makassar Traders Network would convene, part two. I bet Kalla will be the key figure there. The first was organized by a company owned by member of the family. Good business for the conference organizers!
Well, we've recorded so many investment commitments. US$4.5 billion in Shanghai (even though no new commitment, reaffirming only), billions from Middle East, US, Europe state visits, another US$2.1 billion in the first day of The Summit II from US-Japan consortium, Texas Pacific Group committed to establish an Indonesian fund (US$100 million), and so on...But don't ask whether all these guys really put their money into the economy...we have to wait few more years!

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