Following my recent visit to Jakarta I am amazed of the recent information on financial & economical level:
1. in March we can expect a tax amnesty to finish....following my memory there is a scheme in place, where the tax avoiding individual with resources outside of Indonesia is entitled to bring the money back and pay 5-10% of that money. All the cases are administrated by local banks many of them controlled by government with exception of Citibank
2. recently, as written on a blog before, I observed the pressure of OJK to use local IDR instead of foreign currency in local transactions and politely thanking to all who are doing that
3. the article in magazine describing the move for amnesty the main purpose is a budget loss of 2%, what means that in few than 30 years with this tempo we can expect the debt to overcome 100% with compounded interest
4. talks of BPPN are not taken on a market yet
5. growth of consumer finance with permission to accept deposits
6. monetizing of super old portfolios in few banks
7. stronger money outflow control within the economy reported by foreign banks
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