Does Indonesia Have a Future?

Michael Backman

Chapter 18 in Asia Future Shock, 2008, pp 125-131 from Palgrave Macmillan

Abstract: Abstract Tenaga Nasional, Malaysia’s state-controlled power company, announced in 2007 that it would sell its coal mines in Indonesia and would do so at a loss of around US$60 million. Coal mining is not a business that Tenaga knows well, said its CEO, and in future the company would stick to core activities. He added that in future the company would invest its money only in countries where it is “comfortable” working.1 It was an extraordinary indictment: a government-controlled company from Malaysia admitting that it can’t operate in Indonesia. If a Malaysian company can’t, then what sort of company can?

Keywords: Indonesian Government; Business Time; International Herald Tribune; Unofficial Payment; Train Derailment (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1057/9780230592421_18

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