J

une 12, p1

Finance Minister Bambang Brodjonegoro has tinkered with fiscal policy, relaxing the requirements for corporate tax allowances and easing luxury taxes on certain items. He aims to pump fresh blood into the sluggish economy that is expanding at its slowest rate in six years.

Effective next week, the tax breaks will be for companies with large investments and amplified job creation, making significant contributions to exports, or with high local content, according to Bambang.

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The success story of China also involves severe punishments for graft convicts.

RA Rena

Indonesia refuses to import the talent necessary for the population to learn from, a decision deliberately driven by the exploitation of nationalistic attitudes pumped out by a government eager to cover its own shortcomings.

Example: Indonesia'€™s growing aviation industry is desperately short of pilots, but it refuses outright to use foreign, highly trained pilots to fill its needs. Why? Local pilots get jealous because the expatriates earn more.

The country is also hampered by incompetent bureaucracy that prevents growth at every opportunity in favor of individual, personal gain. It is Indonesia'€™s suicidal tendency to refuse to learn from anyone or anything, instead always preferring to reinvent the wheel, and to ignore every available opportunity.

Farmer Giles