Ah yes, “global banks pulling cash out of Indonesia.” Terrifying. Except one of them left in 2023 and the other one is currently being fought over by three buyers. Some exodus.
Let’s be precise about what actually happened. Citi didn’t flee Prabowo. Citi sold its Indonesia consumer business to UOB and finished the migration in November 2023, part of a pre-planned retreat from consumer banking across 14 markets worldwide that was announced back in 2022, long before this administration existed. It walked away with about $1.1bn in regulatory capital benefit across the four ASEAN markets. The institutional business stayed.
HSBC is also the dane. It’s reviewing retail operations across Australia, Indonesia, Sri Lanka and more under a simplification plan announced October 2024, and is exploring a sale of the Indonesia retail unit, not bolting for the exit. DBS, SMFG and others are reportedly lining up for that book.
Funny kind of capital flight when there’s a bidding war for the asset. That same report notes foreign banks have been showing growing interest in Indonesia on the back of solid growth.
The real story is duller and more honest: profit repatriation timing. The corporate and institutional franchises stay put, which is the part that actually matters for capital markets. The remittance number and rupiah weakness are real. Pinning two pre-planned consumer exits on Prabowo is just reverse engineering a scary narrative from a soft currency chart.
Happy Monday to my fellow Indonesians who get bashed every Monday morning by Bloomberg 🤣
Loop Engineering is getting hype now.
But not many talks about how to actually do it
So I open-sourced the template my team uses to build agent loops:
- a shared artifact / knowledge layer
- logging, verification
- and a codebase harness so work compounds across runs
Plus a 20-min deep dive on how to think about it and set it up for real: https://t.co/b3m22eX8oI
Copy the template. Adapt it to your own loops.
This is my loop
I built a SaaS that posts to Instagram + TikTok 24/7
I don't write the captions. I don't pick the music. I don't touch it
The stack that runs it while I sleep:
> PHP 8.3, no framework
> Caddy web server
> SQLite in WAL mode
> Cloudflare R2 for video storage
> Cloudflare Tunnel, no open ports
> Stripe for billing
> OpenAI writes every caption
> ffmpeg muxes the music
> Zernio publishes to IG + TikTok
> Vanilla JS + CSS on the front
> one cron job that loops forever
No Next.js. No Kubernetes. No VC
Saya biasa screening di Amibroker
Kalo pake stockbit biasanya pake screener ini
Tinggal pilih candle dengan momentum kuat kaya Marubozu, Engulfing, Hammer.
Dyor ya 🙏
🚨 INSTEAD OF WATCHING NETFLIX TONIGHT.
Spend 3 hours with this.
Claude Code FULL COURSE that teaches you how to BUILD apps, teams, and anything.
The people who watch this tonight will wake up tomorrow with a new skill.
Watch it and Bookmark it now.
right so here’s the plan
> If you’re from US, japan, china and canada
> Stay there
> if you are from any other country
> move
> If you are in software, learn about electronics, FPGA, VHDL, etc.
> If you are in hardware, learn how to use AI.
> learn robotics
> go all in on physical ai/edge ai
you have about 3 years to benefit maximum out of this.
JPM bilang Asia EM (Emerging Market) adalah "The place to be" di 2026.
Mereka supper bullish ke Asia EM.
More global capital inflow expected masuk ke Asia EM.
Pertanyaannya: Apakah Indonesia ada di kapal yang sama?
• Korea? +140% earnings growth. Diuntungkan langsung dari AI supply chain global.
• Taiwan? +34%. Chip dan hardware cycle masih strong.
• India? Domestic consumption jalan terus, earnings recovery on track.
• EM debt secara umum? Kasih yield lebih tinggi dari US high yield dengan credit quality yang justru membaik.
Mereka bullish karena beberapa EM punya earning momentum, AI exposure, dan reformasi yang jalan.
Saya melihat ini lebih ke earnings-driven daripada pure sentiment.
Indonesia perlu masuk kategori itu atau buat narrative baru kalau mau riding the wave capital inflow global ke Asia Emerging Market.
Sebelum divergence ini makin lebar.
Happy weekend!