logo Kompas.id
EnglishWho Benefits from Foreign...

Who Benefits from Foreign Investments?

A foreign bank with a big name won more trust than the domestic banks. The bank therefore, received transfers, savings and deposits from the Indonesian public with interest as compensation.

Kwik Kian Gie
· 1 menit baca

After our founding fathers succeeded in achieving Indonesian independence, the determination was to build the Indonesian economy.

Sukarno (Bung Karno) and his generation set up the nation-state within 25 years, after undergoing various upheavals and struggles such as the Dutch insistence on reoccupying West Irian, the rebellions waged by the Indonesian Communist Party, the groups of the South Moluccan Republic (RMS), the Revolutionary Government of the Indonesian Republic (PRRI Permesta) and other uprisings. With all its limitations, by the end of its rule, the government of Bung Karno, referred to as the Old Order, succeeded in establishing the Unitary State of the Republic of Indonesia, in which we have lived up to the present.