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20260920 060000 UTC
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[00:00:22] On this week's hot list, financial fright, the currency is weaker
[00:00:26] than ever, investors are running from the stock market. What is impact on the
[00:00:30] ground, three
[00:00:32] of meal mess, the boss
[00:00:36] of of the president's flagship school lunch program is fired, then arrested, how to save a good idea,
[00:00:39] and travel dreams, why Indonesians are among the world's
[00:00:43] least likely to
[00:00:44] of travel
[00:00:45] abroad?
[00:01:25] topic number one: financial fright. Confidence in
[00:01:28] Indonesia's currency is. down way down
[00:01:31] the rupea fell to its weakest level ever at more than
[00:01:34] 18,00 to the dollar, stocks hit the year's lowest point
[00:01:37] this month as the world's worst performing market down
[00:01:41] nearly 40% in 5
[00:01:43] of months. the global reason
[00:01:45] of
[00:01:45] of why is the war in Iran of course with shipping lanes closed and
[00:01:49] resources shifted, but you know guys, let's talk about the domestic
[00:01:52] issues, close to home and the impact on everyday life. first,
[00:01:56] you no, analysts say that this isn't a catastrophic. crash like
[00:02:00] in 98 because now systems are
[00:02:02] of stronger and reserves remain in place, but trust, trust
[00:02:06] is damaged, trust in leaders, trust in recent government actions to
[00:02:10] you first, for you, what's hurt confidence the
[00:02:14] most? well, it's very interesting right, because our
[00:02:18] inflation is actually under control, all these indicators right,
[00:02:21] inflation, and then uh the growth is actually quite good as well,
[00:02:25] 5.6%
[00:02:27] in compares to other countries uh, but the... real problem i
[00:02:31] think is
[00:02:31] of the uncertainty when it comes to policy policy, so
[00:02:35] of markets can tolerate bad news, but what they cannot tolerate is
[00:02:39] uncertainty, and that goes back to leadership and
[00:02:41] of government, yes exactly, and so i think what they're questioning is
[00:02:45] this
[00:02:47] um the fiscal fiscal integrity of Indonesia, so they seeing you
[00:02:51] know governments keeps changing the policies, governments keep coming up with all these
[00:02:55] new projects and all these
[00:02:57] you know great big. programs that will
[00:03:00] need lots of
[00:03:01] of money to talk about that in
[00:03:02] the next segment, i know what you're referring to, yenny, but not only
[00:03:06] that, that
[00:03:07] i'm being funny, well
[00:03:08] you know the the impact as as we want to discuss in this segment has already
[00:03:12] begun, some capital projects are being put on the shelf, some postponed
[00:03:16] families, heard are quietly moving their money overseas,
[00:03:19] prices on imported goods are beginning to creep up, william, what are
[00:03:23] you seeing and does it really
[00:03:25] of affect the average Indonesia who's maybe driving taxi or selling food on the
[00:03:29] street? No, in general, I talked to lot
[00:03:32] of food and beverage operator,
[00:03:36] the the revenue is going down, could
[00:03:40] be people more reserve on the
[00:03:43] funding, it don't just spend, they don't
[00:03:46] of go out and eat anymore that much, they eat, but they don't p spend lot of money
[00:03:50] for the food, because the dollars increase, lot of
[00:03:54] imported ingredients increase
[00:03:57] tremendously, yeah, but just came back from
[00:04:01] uh travel from from central jawa to
[00:04:05] to uh west kalimantan and west
[00:04:09] sum west sumatra which is padang
[00:04:12] i went always went to the see the market the
[00:04:16] market
[00:04:17] of still
[00:04:17] in a glance still busy except when they took a few
[00:04:21] people they said the revenue is is uh
[00:04:25] going down that's a fact of reality
[00:04:29] but Indonesia is
[00:04:31] i think is survival and base you don't
[00:04:35] eat all the
[00:04:38] of luxury ingredients and as as you know the
[00:04:41] basically
[00:04:42] of Indonesia in the old time is they grew up with the plant
[00:04:45] of base lot of very local
[00:04:49] ingredients except tempe may be because
[00:04:51] 95% of uh
[00:04:55] imported so maybe the you said you saw the markets wet markets dry markets the
[00:04:59] they they are still busy, but people are not buying as much or as consuming as
[00:05:03] much, but if I look at the the stock of ingredients still
[00:05:07] abundant, you business contracts a larger scale and
[00:05:10] business contracts paid in dollars. are being put on hold because obviously
[00:05:14] they cost more, you need more rupea, but but if you're coming to Indonesia,
[00:05:18] yeah, um, your dollar or your euro are worth lot
[00:05:22] more than few months ago, that's a small bright spot,
[00:05:26] well it is when it comes, when you look at it from the tourism perspective,
[00:05:30] right, uh, of course, chip for Indonesia is great for
[00:05:33] for tourists, but then what is the impact for ordinary
[00:05:37] Indonesians, they will have to pay
[00:05:39] you know higher prices for everything, you know, like imported fuel,
[00:05:43] medicines, food ingredients as well as you know like
[00:05:46] industry inputs and everything is affected by the rising dollars and
[00:05:50] so you Indonesians will have to pay
[00:05:54] much much higher prices and and
[00:05:58] it is not a small thing, this is people feel it, people feel the the
[00:06:02] squeeze, the economic squeeze and they're not happy about it. okay, now analysts say the next few
[00:06:06] weeks will be kind of crucial to the financial situation,
[00:06:09] financial anxiety, whether
[00:06:12] the government will take solid action in restoring investor confidence,
[00:06:15] william, you've been through the ups and downs um through the
[00:06:19] years, I'm not saying that you're like so old or anything, but how would
[00:06:23] you rate this economic situation we are in now as
[00:06:27] compared to maybe you know crisis in the past? it's very hard to
[00:06:30] predict, I mean is it, I'm not the
[00:06:34] economist, no I'm not, but that's the feeling like 98 that was
[00:06:37] bad, everybody felt it and we knew it, the region felt it,
[00:06:41] it's not that bad.
[00:06:43] I don't think we on that when
[00:06:46] look level there I I agree still
[00:06:46] because some maybe
[00:06:50] some little positive optimism
[00:06:54] among the Indonesian except too much
[00:06:58] the political political issue at the moment your question
[00:07:02] earlier but whether this is as bad as 98 I don't think so
[00:07:06] because our institutions much stronger now and our banking sectors
[00:07:09] especially so much stronger now uh like
[00:07:13] you said before, reserve is is much stronger as well, much higher,
[00:07:17] my advise is that government needs to be needs to stabilize
[00:07:20] the um the fiscal spending, they need
[00:07:24] to rain in all the spendings, because if if you don't have the
[00:07:28] money you need to borrow, either you need to borrow or you need to rein in your spending,
[00:07:32] that's but if you ask the ministers they're complaining that their budgets have been
[00:07:35] cut, yeah but that's the other thing right, because if i were him
[00:07:39] i would him being the president, him being the president
[00:07:43] "I would look at all the programs and see which ones
[00:07:46] need more investment in terms of government's procurements, government's investments
[00:07:50] right, what industry needs help, needs incentive and
[00:07:54] put more money into that. Okay, so reorganiz the budget and
[00:07:58] see where we are at this point in time, which we we want to discuss next, because
[00:08:02] hot Indo will continue shortly with the free meal
[00:08:06] mess, how to save the school lunch
[00:08:09] program.
[00:10:38] Kentanala sendiri merupakan sebuah brand fashion aksesoris yang kita menggunakan
[00:10:42] limbah kayu pabrik furniture sebagai bahan dasar dari pembuatan produk-produk
[00:10:46] kami, banyak sekali hal-hal yang memang kita ee masih belajar di
[00:10:49] situlah dirapihin sama bu renny bikin laporan keuangan ada akhirnya
[00:10:53] momen untuk kita... bisa persentasi langsung sama pasandi
[00:10:57] uno secara omset kita naik bisa naik
[00:11:00] lebih dari
[00:11:01] 80%.
[00:12:21] topic number two, free meal mess. the images.
[00:12:25] were shocking to some, not surprising to others, the head the country's free
[00:12:29] school lunch program was arrested June 3rd for corruption, the day
[00:12:32] after he was fired from the president's priority program. this
[00:12:36] capped more than year of problems for the well-intentioned effort, among
[00:12:40] them thousands of sick kids from hygien issues. new program
[00:12:44] leaders pledge to do better. you know, um, we've talked about this
[00:12:48] several times, if you watched and and let me go to you first, as
[00:12:52] food guy, um, is this noble
[00:12:56] project as i believe that just needed a lot better
[00:12:59] execution? the intention is
[00:13:01] noble, but the my major concern
[00:13:05] is about how to handle the food safety,
[00:13:09] while the rest is easy as as long as you have
[00:13:12] rice, you have protein, you have some fruit,
[00:13:16] veggie, it should be, we don't have to generally count in
[00:13:19] detail on the on the nutrient, but you have those
[00:13:23] factors is ' sihat, lima
[00:13:28] apa empat sempura, that's milk, that should be fine, but my major consenty is
[00:13:31] the especially to clean the food
[00:13:34] container, and that's been the problem with the hygiene
[00:13:37] and the way you
[00:13:41] cook them as well, the way you cook and the way you
[00:13:44] store, right? for instance, just an
[00:13:48] example, the
[00:13:49] airline, you never
[00:13:53] cook and send to the... it has to be blast
[00:13:56] chill for 24 to 48 hours really
[00:14:00] and portion then send to the plane that is to stop
[00:14:04] the bacteria, but if you cook and you hold it
[00:14:07] within one hour they definitely
[00:14:10] be contaminated
[00:14:13] he has experience buse you you handled food program few years
[00:14:17] ago can you imagine garuda is one person sick in during the
[00:14:21] fly oh be horrible yeah you have to land bad publicity
[00:14:26] Yeah, that is from the food side, and and that's why I want to ask you that specifically,
[00:14:30] now um, operationally, it was to me, it was rolled out too
[00:14:33] fast, serving too many people, I mean tens of millions of kids needed
[00:14:37] more planning, but the president we know wanted to make good on his campaign
[00:14:41] promise, um, yenny leaders have been replaced, what else now
[00:14:45] to get it going right, like William said, I mean this is novel, he's got a
[00:14:49] novel intention, but again we need to look at our own capacity, you
[00:14:53] know, we this is... such a massive program and
[00:14:57] you want to roll it out immediately nationwide program
[00:15:01] without a the capacity to back it up
[00:15:05] and
[00:15:05] you know this is the main problem and I am actually I'm very
[00:15:09] glad that the new head the uh MBG you know the the
[00:15:13] the
[00:15:14] the the freelaunch program actually said that she's going to scale
[00:15:17] down the operations and and uh the program and
[00:15:21] she's going to focus more on the the poorest areas of Indonesia.
[00:15:25] Yeah, yeah, the place where you need more nutrition, exactly, buse why, why do you want
[00:15:28] to uh feed all the rich kids in in the big cities for
[00:15:32] example, what what happened, what has been happening
[00:15:35] is that these kids the... got all these food allowances from their from their
[00:15:39] rich parents, they buy their own food or they bring food from home,
[00:15:43] so what they what they do is they take the free lunch
[00:15:47] and give them to their drivers, to their nanies etc. yeah, that's
[00:15:51] happening, so in
[00:15:55] instead of spending all this money
[00:15:59] on food that will be wasted, we should uh put it
[00:16:02] industry that needs incentive, like i said before, industry that needs
[00:16:06] incentive that would... create jobs for the parents the
[00:16:10] poor kids and then the corruption arose because the huge
[00:16:13] scale that they awarded contracts to people setting up kitchens who probably had
[00:16:17] no experience and but just because they knew someone and i'm
[00:16:21] not tarring everybody with the same brush but it happened there were documented
[00:16:25] cases so we need transparency when it comes to the procurements contracts
[00:16:29] given out to whom what are they uh what is what what is the output
[00:16:32] and and they did reveal some it's it's a very difficult to
[00:16:36] control with the the level of
[00:16:39] competency of it's a caterer, yeah, they are
[00:16:43] not all experienced, there's no standard, national government standard
[00:16:47] for food service on this, you can't do it in instantly, yeah, and and
[00:16:51] the the scale of it was too many people, and so they already before
[00:16:54] this arrest of this the former leader, they they had cut
[00:16:58] out the weekends and certain parts the program to scale it down, so the
[00:17:02] new leaders are saying we're only going to do less instead of 20 million
[00:17:06] we're going to do
[00:17:07] tray, the may be five million at first or okay, one last point on the
[00:17:11] food, william, is is the is the issue of hygiene and i want
[00:17:14] to get this important because parents are really concerned about this, is it a
[00:17:18] solvable problem or impossible because the
[00:17:21] enormity the lunch is served, because the
[00:17:25] numbers, you know, each
[00:17:29] catterer has to have cater like a
[00:17:31] 500 to 100, at
[00:17:34] at the look food tray, they have, to
[00:17:37] wash all by hand, there's no automatic
[00:17:41] machines like in other countries and i don't know how to to
[00:17:45] dry those tray after being washed
[00:17:49] clean, the washing detergen are are good, but by
[00:17:53] the time they have to stack, are they
[00:17:55] all pure totally
[00:17:59] dry or there some moisture, but these are basic food
[00:18:03] service issues any country, yeah, but but this is that...
[00:18:07] that's a level of the operation okay, but this one
[00:18:11] is you know some some these
[00:18:15] cater just on the on the second or the third tier
[00:18:19] the area
[00:18:20] some look very dubious you know you look at all the you know
[00:18:23] this content is coming up in the social media people reporting
[00:18:27] about the the kitchens
[00:18:30] conditions no strict standard so they have to
[00:18:34] go in and what have a establish a standard?
[00:18:37] and to control
[00:18:38] that much the inspectors, inspectors like you, if you made a spot
[00:18:42] visit to a kitchen, you would be shocked, I bet, yeah, oh yeah, you wouldn't want
[00:18:46] to go in there, I think, okay, so
[00:18:48] you know there, the last point then is is there needs to be better and more
[00:18:52] transparent thing about the money because the taxpayers money, 15
[00:18:55] billion, yeah, 15 billion dollars, and
[00:18:59] because the government needs to win back the public, one trillion per day, yes,
[00:19:03] one trillion per day, because that's their kids, your kids are getting.
[00:19:07] sick and that is not cool and before we go on this, I want to take a minute to talk
[00:19:11] about one project that we were talking about before the show, um, William
[00:19:15] Wongso now has a product that is on sale in the United
[00:19:19] States, I have personally been looking for national
[00:19:22] product to to promote as Indonesia's food product
[00:19:26] and his product is Randang which is which is
[00:19:29] usually beef and it's it's made in
[00:19:32] coconut cream with certain spices, it's a unique
[00:19:36] thing to Indonesia and... where are they on sale and why did you do this real
[00:19:39] quick? look,
[00:19:42] Indonesia is too diverse when it we talk about the food
[00:19:46] culture, so must pick one to capture the
[00:19:50] attention to the world, the complexity,
[00:19:54] the pride the rendang, everyone in Indonesia they know
[00:19:58] rendang right? yes of course, everybody know,
[00:20:02] so if we can produce it just to show one
[00:20:05] complexity and they will think, what?
[00:20:09] but to produce you cannot export
[00:20:12] beef from Indonesia, the only thing that if you
[00:20:16] can export that i want to keep the authenticity
[00:20:19] is the spice space, the flavor, no,
[00:20:23] yeah, the seasoning, and the coconut
[00:20:26] cream, you cannot do run down without good coconut
[00:20:30] cream, that has to come from Indonesia, but it take
[00:20:34] a long process, because us, we are the only... good
[00:20:37] product from Indonesia produced in US under the USD
[00:20:41] and FDA which
[00:20:43] are very thick in talking process and it's
[00:20:46] called simple and one packet. costs about
[00:20:50] how much $30, you
[00:20:52] need to sell it in like whole foods or yeah,
[00:20:56] we
[00:20:57] we plan my ambitious is to cover 54
[00:21:01] state, okay, good luck on that, best wishes to you sir,
[00:21:05] rundang has been nominated, not he's been
[00:21:08] elected, yes, whatever, as the best food in the
[00:21:12] world,
[00:21:12] i remember that, yeah, and now we have a product to promote, okay,
[00:21:16] um, more hot indo is ahead, travel dreams why Most
[00:21:20] Indonesians by far have never left the
[00:21:22] country.
[00:22:37] travel dreams: now who doesn't want to head overseas on holiday?
[00:22:41] Unfortunately, those desires fall short in many places, pew
[00:22:45] research center survey of 24 countries listed those
[00:22:48] where most people have... have never traveled abroad, number one
[00:22:52] is India with 95% of its population having never left
[00:22:56] home, at number two is guess, Indonesia with
[00:22:59] 92%, followed by Brazil at
[00:23:01] 87%, a little surprising to me, but I think the
[00:23:05] number one factor is the huge population base, I mean you you
[00:23:09] got more people living outside in the rural areas who can't even afford to go to come to
[00:23:13] Jakarta, the percentage who can't afford it
[00:23:17] is very low, yeah economic factory. Yeah, absolutely, I think
[00:23:21] mainly economic factors can't afford it, cannot afford it, but there are still
[00:23:25] people who save to go abroad to do haj and umrah, there you
[00:23:29] go, and also go to the Vatican, yeah, how do they religious,
[00:23:33] religious pilgrimage, they say for years though,
[00:23:35] that's tens, tens of years, yes,
[00:23:39] nearly 90% Muslims your life, sometimes nearly their lifetime, almost you
[00:23:42] know the entire lifetime, sometimes yeah, at the
[00:23:46] end, then you know you got your 70s and you're almost.
[00:23:50] and the only place you have gone in your life is middle east because midle
[00:23:54] east or actually the vatican oh oh for the christians who
[00:23:58] want pilgrimage to and also or yeah
[00:24:02] Israel you the survey said other factors include things
[00:24:06] like passport access which is is also money factor you got
[00:24:10] to pay for a passport and geographic location um you know if you live
[00:24:14] far away out the centers is hard to get everywhere you're going but you need
[00:24:18] to go to Chakata first. before you travel, oh bi, there's there's a
[00:24:22] transit point, so William, does the high percentage of homebound
[00:24:26] Indonesians surprise you? not
[00:24:30] really, because as as what she said, is is the
[00:24:33] economic factors, but the lot their mind, because we have
[00:24:37] majority Muslim country, the first their
[00:24:41] priority, I think go to Haj, yes, that is considered abroad,
[00:24:45] yes, yeah, they don't mind to, they don't think go to New
[00:24:48] York, no, go to Makkah, it's a different kind of
[00:24:51] pilgrimage, yes, yes, they go to Makkah, they're fine,
[00:24:55] except 8% of Indonesians who travel about, that seems
[00:24:59] crazily low for someone, well if you compare to
[00:25:02] 280 million, it's about 20 million, yeah,
[00:25:06] 20 million travelling, that's not a small number, that's a it's actually
[00:25:09] increasing compares to like I don't, 10 years ago, middle class is growing, that's
[00:25:13] why, and more outbound than inbound, more
[00:25:17] going out than people. in yeah, oh okay, and
[00:25:21] that's tourism, which is another issue other
[00:25:24] sector, one more coming in right at the max, one more point
[00:25:28] the 92% in Indonesia who said they never left the country,
[00:25:32] the survey said, 27% of that
[00:25:35] 92%, got that, said they don't care, they don't care to go
[00:25:39] anywhere anyway, so even if they had the opportunity, mean why would they
[00:25:42] say that, because some people are just happy to be where they
[00:25:46] are, and plus it's
[00:25:48] you know the difficulties of traveling, the language
[00:25:50] barrier and the language exposure
[00:25:54] and food issues food issue also some people will only travel to
[00:25:58] places where they can eat halal food yes
[00:26:01] so this i think america also in the lot in the center of America
[00:26:05] is lot of America, they said they said
[00:26:08] 62% American has no passport, I'm not surprised at
[00:26:12] that, and that's what adds to their ignorance of
[00:26:16] world issues and and and and topics. um, last point on
[00:26:20] this, at the other end, just, I don't know where the United States is, but less
[00:26:24] than one%, less than one percent in Sweden and the
[00:26:28] Netherlands have never traveled abroad, I think it's
[00:26:32] also... 99% of everybody in Netherlands and Sweden have traveled
[00:26:36] because
[00:26:37] I know how many how many sorry 1% travel how come
[00:26:41] that low? never traveled anywhere, yes, only
[00:26:43] 1%, 99%, because the
[00:26:47] border, yeah, you can go by train or by bus your foot over the
[00:26:51] line, but the culture is just finished the
[00:26:55] holiday, already planned the next holiday, where in Europe,
[00:26:59] oh yeah, because they have long holidays.
[00:27:03] Yeah, so I'm not surprised, but but uh, yeah, you're right, the number is growing of
[00:27:06] people wanting and dreaming about going abroad, it's a good thing, yes, especially among the new
[00:27:10] generations, yes, millennials, starting with the millennials,
[00:27:14] okay, yeah, it is feedback time now, and still more reactions
[00:27:18] to our discussion a former cabinet head on trial for corruption,
[00:27:22] thank you yenny for so openly speaking to the world, and lot
[00:27:26] of comment on our focus on the new indonesian girl group, Nona,
[00:27:29] Audrey posted this on Instagram, the... song,
[00:27:33] work is a work of art. Here's how to contact us with
[00:27:37] your feedback, email at
[00:27:38] hotindo@indonesiachannel.world or comment through our hot
[00:27:42] indonesia or Indonesia channel x, facebook, instagram and youtube
[00:27:46] pages. final words, yenny: many nicians
[00:27:50] complain that what we uh look at, what we read, what
[00:27:54] we we see on the news channels, only bad news, bad news everywhere,
[00:27:57] corruption cases, blah blah blah, so I'm just
[00:29:03] Jakarta State Polytechnic University is considering
[00:29:06] expelling a male student for kissing another man on
[00:29:10] campus, kissing another man on campus. If there are rules
[00:29:14] against such displays for a male and female as well, well,
[00:29:18] okay, but if it's simply because it's two men, then it's a
[00:29:21] homophobic reaction and not okay. Now, if there are other factors involved, the
[00:29:25] public needs to hear it. Otherwise, keep the student in school and
[00:29:29] post the general notice about keeping public.
[00:29:32] plays