Photo: Mercator Media The question whether Foreign Direct Investment (FDI) is advantageous for a country is demonstrated by the experiences of many developing nations. The economic histories of South Korea, Malaysia, Thailand, China, and many other countries show that the presence of foreign companies will boost economic growth and generate jobs. Now, foreign direct investment in Indonesia is rising significantly and quickly becoming a favorite destination for business, manufacturing, and natur...

Leaders of the Association of Southeast Asian Nations formally adopted the ASEAN Human Rights Declaration during the group's annual summit in Cambodia a few weeks ago. The ASEAN Declaration for Human Rights (ADHR) can be considered a milestone in the history of the group. However, it is still not as comprehensive as the United Nations Declaration for Human Rights (UNDHR). Nonetheless, the Philippines and Indonesia have been able to integrate some parts of the UNDHR in the ADHR. It outlines many...

Leaders of the Association of Southeast Asian Nations formally adopted the ASEAN Human Rights Declaration during the group's annual summit in Cambodia a few weeks ago. The ASEAN Declaration for Human Rights (ADHR) can be considered a milestone in the history of the group. However, it is still not as comprehensive as the United Nations Declaration for Human Rights (UNDHR). Nonetheless, the Philippines and Indonesia have been able to integrate some parts of the UNDHR in the ADHR. It outlines many...

Credit: Business Recorder The Asian Development Bank (ADB) has provided a loan of $300 million to Indonesia to support its master plan for the acceleration and expansion of its economic development 2011-2025. This loan is intended for the improvement of the domestic and international connectivity. In its press release on Friday, November 16, 2012, the ADB mentioned that it is going to work together with the Indonesian government to decrease the infrastructure gap and increase the access to poo...

Credit: Business Recorder The Asian Development Bank (ADB) has provided a loan of $300 million to Indonesia to support its master plan for the acceleration and expansion of its economic development 2011-2025. This loan is intended for the improvement of the domestic and international connectivity. In its press release on Friday, November 16, 2012, the ADB mentioned that it is going to work together with the Indonesian government to decrease the infrastructure gap and increase the access to poo...

After successfully introducing the acronym BRIC (Brazil, Russia, India, China, or BRICS including South Africa) in 2001, Jim O'Neill, chairman of Goldman Sachs Asset Management, a company that manages global investment funds, is now introducing a new acronym called MIST (Mexico, Indonesia, South Korea, Turkey). The MIST countries are the four largest markets in the Goldman Sachs Next 11 Equity Fund. MIST accounts for roughly 73 percent of GDP of last year's Next 11. The Next 11 includes Banglad...