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Does Indonesia Have a Future?

In: Asia Future Shock

Author

Listed:
  • Michael Backman

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?

Suggested Citation

  • Michael Backman, 2008. "Does Indonesia Have a Future?," Palgrave Macmillan Books, in: Asia Future Shock, chapter 18, pages 125-131, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59242-1_18
    DOI: 10.1057/9780230592421_18
    as

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