About This Episode
The people learned one thing: never trust the door.
The haze is just the beginning. This week, Vicky and Benn look at what’s really happening in Indonesia: a falling rupiah, a stock market under pressure, and wealthy families moving money to Singapore. Then the twist: the government is inviting money in with no-questions-asked bonds and a 50-year tax holiday in Bali, while making it harder to take money out. What can Malaysia’s own 1998 capital controls teach us?
Hosted by Vicky Tan and Benn Lee. Produced by Nic Lee. New episode every Thursday.
Episode Highlights
- Cold open
- Welcome to The Second Table
- The haze: why we’re all coughing
- A word from our sponsor
- Today’s topic: Indonesia
- Part 1: The smoke, who’s burning and why
- Singapore’s haze law and fines
- Part 2: The money, rupiah at record lows
- MSCI’s warning and money moving to Singapore
- Stocks slide and emerging-market status at risk
- Story 1: 74 kg of gold (allegations denied)
- Story 2: “No questions asked” bonds
- Story 3: The empty chairs
- The free-meal scheme
- Bank Indonesia’s new mandate
- New governor, new finance minister
- Locking the door: foreign exchange limits
- The single export gate
- 50 years tax-free in Bali?
- Lessons from Malaysia’s 1998 capital controls
- Argentina: never trust the door
- Final thoughts
- Wrap-up
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