A
Dilematic Situation over Calls for Dismissing Sri Mulyani and Boediono
JAKARTA,
KOMPAS.com - Indonesia’s Bank Century inquiry has little to do with
banking — it is just the latest battleground in a war between reformers and
traditional business elites that will decide the fate of two key pro-market
allies of the president. The outcome of this particular battle is crucial for
foreign investors and Indonesians alike when it comes to pushing ahead with
much-needed reforms and generating a faster pace of growth in southeast Asia’s
biggest economy.
If Finance Minister Sri
Mulyani Indrawati and Vice President Boediono, the two technocrats in question,
remain in their posts, then prospects for reform should improve, and President
Susilo Bambang Yudhoyono will have more clout to tackle graft and take on the
overhaul of the civil service, police and judiciary. But
if eitherIndrawati or Boediono — or both — are forced out,
Yudhoyono will have been severely weakened, reducing prospects for reform in
the remainder of his five-year term.
“This is a contest
between two forces — reform and anti-reform,” said Aleksius Jemadu, a political
analyst at Pelita Harapan University in Jakarta. “If you look at what Sri
Mulyani has done as minister of finance, many people appreciate it, but it’s a
threat to others. There are people who will be put at
risk because of her policies (1.future simple tenses), for instance her
tax policies. Some people feel threatened by her
policies,(2.past simple tenses) so are trying to get rid of her through this
scandal.” (3. Present Continuous Tense)
Indonesia has
been a star performer among emerging markets in the past year, due to strong
fundamentals, a thriving domestic consumer market, but also crucially because
of hopes Yudhoyono would press ahead with reforms to unlock even faster
growth.( 4.Present Perfect Continuous Tense)
Many analysts
say an upgrade of Indonesia’s sovereign debt to investment grade is within
reach in a couple of years. (5.present simple tenses).
It has been widely tipped as the country most likely to
join the “BRICs” (6.present perfect continuous tense) — Brazil, Russia,
India and China — in the select group of essential emerging markets investors
cannot afford to ignore.
Prolonged
conflict over reform could put that at risk. ( 7. past simple tenses) “In the longer term this
would clearly impact people’s appetite for Indonesia,” said James Bryson, a
Jakarta-based investment advisor at fund manager HB Capital.
“If that
rumbles on it makes it less likely that the ratings agencies upgrade Indonesia’s
sovereign rating. (8. present simple tenses) If progress in these
areas and cleaning up the institutions isn’t made, then Moody’s, S&P will
be slower to upgrade any ratings.”
Powerful enemies
As finance
minister, Indrawati has cleaned up Indonesia’s notoriously corrupt tax and
customs departments in an effort to increase state revenues from tax and duties
and reduce the country’s reliance on bond issues to fund the budget deficit.
(9. Present Perfect Tense)
To get an idea of the scale of tax evasion in
Indonesia, last month, the tax department produced a list of the 100 worst tax
dodgers which it said owed a total of $1.9 billion in taxes in 2009, equivalent
to one-tenth of the amount that Indonesia plans to raise in the bond markets
this year. (10. Simple present tenses)
Among the various state
and private sector firms on the list was a coal-mining company controlled by
Aburizal Bakrie, a tycoon and politician who has clashed with Indrawati and who
is seen as the driving force behind efforts to remove her. Bakrie isn’t the only tycoon feeling the heat from the tax
department. (11. Present Continuous Tense) Last
month, Yudhoyono asked police to help the tax department pursue dodgers and
there are signs that other tax cases which had languished are being pursued
more aggressively. (12. Past Simple Tense)
While the
Bank Century case is unlikely to have a short-term impact on economic growth, a
slower reform push would have a longer-term impact.(13.simple present tenses)
For years, Indonesia has lagged emerging market giants
China and India in terms of its growth rate. (14.Present
Perfect Tense)
Investors were
reluctant to stump up the billions of dollars required to develop
infrastructure, including ports and tollroads, or boost the natural resources
and manufacturing sectors, because of Indonesia’s reputation for corruption,
red tape, and legal uncertainty.
These are the
main areas that Yudhoyono and his reformers have started to address. (15.Present
Perfect Tense) The reforms are not only intended to
attract investment, but should also reduce the overall cost
of borrowing by improving Indonesia’s chances of achieving an investment grade
credit rating.
Yudhoyono
also reversed Indonesia’s reputation as a political basket case prone to
repeated bouts of instability. (16. Past Simple
Tense)
While few analysts or investors expect either Indrawati
or Boediono to lose their jobs over Bank Century, they recognise that attacks
on the reformers are likely to continue. (17.simple present tenses)
“Investors
are clearly worried that domestic politicians are more interested in fighting
over the spoils of power, than in supporting the reform process,” said one
long-term U.S.-based investor in Indonesia who declined to be quoted by name.
(18. Past Simple Tense)
“With the
president’s leadership, Sri Mulyani and Boediono have been vital to ensuring
the benefits of Indonesia’s strong growth are more fairly shared by all
Indonesians.( 19. Present Perfect Continuous
Tense) Dismissing either reformer would lead investors to concerns that
Indonesia was returning to crony capitalism, which was certainly very painful
for investors and most Indonesians (20. Past Continuous
Tense) — at least those who weren’t tycoons or politically
well-connected, or both.
Analisis tense
1. There are people who will
be put at risk because of her policies (1.future simple tenses),
2. Some people feel
threatened by her policies,(2.past simple tenses)
3. so are trying to get rid
of her through this scandal.” (3. Present
Continuous Tense)
4. Indonesia has been a star performer among emerging markets in
the past year, due to strong fundamentals, a thriving domestic consumer market,
but also crucially because of hopes Yudhoyono would press ahead with reforms to
unlock even faster growth.( 4.Present Perfect
Continuous Tense)
5. Many analysts say an upgrade of Indonesia’s sovereign debt to
investment grade is within reach in a couple of years. (5.present simple
tenses).
6. It has been widely tipped as the country most likely to join
the “BRICs” (6.present perfect continuous tense)
7. Prolonged conflict over reform could put that at risk.
( 7. past simple tenses)
8. “If that rumbles on it makes it less likely that the ratings
agencies upgrade Indonesia’s sovereign rating. (8. present simple tenses)
9. As finance minister, Indrawati has cleaned up Indonesia’s
notoriously corrupt tax and customs departments in an effort to increase state
revenues from tax and duties and reduce the country’s reliance on bond issues
to fund the budget deficit. (9. Present Perfect
Tense)
10. To get an idea of the scale of tax evasion in Indonesia, last
month, the tax department produced a list of the 100 worst tax dodgers which it
said owed a total of $1.9 billion in taxes in 2009, equivalent to one-tenth of
the amount that Indonesia plans to raise in the bond markets this year. (10.
Simple present tenses)
11. Bakrie isn’t the only tycoon feeling the heat from the tax
department. (11. Present Continuous Tense)
12. Last month, Yudhoyono asked police to help the tax department
pursue dodgers and there are signs that other tax cases which had languished
are being pursued more aggressively. (12. Past
Simple Tense)
13. While the Bank Century case is unlikely to have a short-term
impact on economic growth, a slower reform push would have a longer-term
impact.(13.simple present tenses)
14. For years, Indonesia has lagged emerging market giants China
and India in terms of its growth rate.
(14.Present Perfect Tense)
15. These are the main areas that Yudhoyono and his reformers
have started to address. (15.Present Perfect Tense)
16. Yudhoyono also reversed Indonesia’s reputation as a political
basket case prone to repeated bouts of instability. (16. Past Simple Tense)
17. While few analysts or investors expect either Indrawati or
Boediono to lose their jobs over Bank Century, they recognise that attacks on
the reformers are likely to continue. (17.simple present tenses)
18. “Investors are clearly worried that domestic politicians are
more interested in fighting over the spoils of power, than in supporting the
reform process,” said one long-term U.S.-based investor in Indonesia who
declined to be quoted by name. (18. Past Simple
Tense)
19. “With the president’s leadership, Sri Mulyani and Boediono
have been vital to ensuring the benefits of Indonesia’s strong growth are more
fairly shared by all Indonesians.( 19. Present
Perfect Continuous Tense)
20. Dismissing either reformer would lead investors to concerns
that Indonesia was returning to crony capitalism, which was certainly very
painful for investors and most Indonesians (20. Past Continuous Tense)
Sumber : www.kompas.com
