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Its Indonesian, Chinese, and Japanese warships in North Natuna Sea to be exact... although on different days... encounter on Chinese destroyer on 15 Feb, encounter with Japanese destroyer on 17 feb..Indonesian and China warship in North Natuna Sea
Good assessment sir, specially economically wise.The main reason of why deficit of 8 billion USD in 2018 prompted Jokowi administration to do such measure (renegotiation) is because the nature of Indonesian currency, Rupiah, as a fragile currency due to many Westerners hold the Rupiah and it is also traded freely in financial market.
Thus that deficit has made huge Rupiah value lost in 2018 that make Jokowi administration so concern, particularly because this administration put economic agenda as their main agenda and the reason Indonesian people should support them. It is added with the fact that in the next year, 2019, the Parliament and Presidential election were held. In Indonesia, Rupiah deep depresiation is very sensitive since it is the main reason of why Indonesia suffered huge economic crisis in 1997-2000.
Future condition trend
In the future there is likelihood that Rupiah will be stable in Rp 13,500-14.500 range until 2026 due to the positive trend in the trade and industrialization recently. Omnibus Law that has been passed and started being implemented in the beginning of 2021 will be another huge push to improve Indonesian economy strength and competitiveness.
Adding with huge economic recovery domestically and internationally due to Covid 19 vaccination around the world and the success of Indonesian government to get adequate amount of vaccine to reach herb immunity, the economic will likely grow positively at 4-5 % rate as has been projected by Indonesian Finance Ministry.
New development of strong commodities price also will help Indonesian economy and currency that many has expected it will not go away soon due to several reasons, mainly due to global economic recovery and huge stimulus budget being pushed by almost all nations since 2020 and continue into 2021 like what is happening with USA stimulus budget of 1.9 trillion USD.
Dollar falls against commodity currencies but holds gains versus yen
The dollar also fell slightly against the British pound and the euro, but held at multi-month highs against the yen and the Swiss franc because of rising Treasury yields.www.thejakartapost.com
Conclusion
Because of the above reasons and also what have been brought in my previous post, I would suggest government to continue KFX/IFX program since we have now seen positive trend in our economy that will support our currency to be more stable and strong.
Good assessment sir, specially economically wise.
I have a few questions about this KFX fighter program, why did Indonesia chose to work with South Korea to develop a joint fighter aircraft!?
Why not China or Russia? Is that because of CAATSA or something else? Is that because of Australia and the geopolitical atmosphere of that region?
For sake of the record, South Korea doesn't possess a reliable turbofan engine for now and heavily depends on American support as of now plus they have little experience with developing reliable avionics. They are badly dependent on Israeli components for their avionics of F-16 fleet.
South Korea has made good progress in the field of aerodynamics but in no way comes close to Chinese and Russian giants. Wonderful decision made by Indonesians