Memotret Wajah Singapore Inc. di Indonesia: Jejak Kapital, Diplomasi, dan Ekonomi Intelijen Singapura di Indonesia Paska-Krisis 1998 [Portraying the Face of Singapore Inc. in Indonesia: Traces of Singapore's Capital, Diplomacy, and Intelligence Economy in Indonesia after the 1998 Crisis]

Abstract

Singapore is not merely a small, wealthy neighbour. It is a corporate power that controls the heart of the Indonesian economy. Since the 1998 monetary crisis, Singaporean companies have entered the most strategic sectors in Indonesia, from banking, telecommunications, and real estate to palm oil and e-commerce. Behind the investment-friendly face lies a network of power involving state funds, secret diplomacy, and even sophisticated business intelligence operations. In this book, Kamaruzzaman Bustamam Ahmad uncovers how "Singapore Inc.", the combined power of corporations and the state, has designed a systematic expansion into Indonesia. Based on primary data, reports by international think tanks, and rarely disclosed documents, this book presents: A list of Singaporean corporations that dominate Indonesia's vital sectors. The strategy of "managing from a distance" through mergers, acquisitions, and local proxies. The role of Singapore's economic intelligence and soft power in influencing Indonesian policy. Control mechanisms that the public is unaware of, yet which lock in the nation's economic sovereignty. Is Indonesia selling its sovereignty through the back door of investment? Who really holds control? This book not only reveals surprising realities, but also invites readers to rethink Indonesia-Singapore relations, and how we should reformulate our national economic strategy going forward. Suitable for: Academics, students, and researchers of geopolitics and political economy. Journalists, observers of international relations, and policymakers. The general public who want to understand who actually holds control over Indonesia's economy today. Daring to read means daring to open your eyes. Don't buy the narrative; understand the facts. "Memotret Wajah Singapore Inc. di Indonesia" is an important work that will shake your perception of a regional relationship that has so far been regarded as unremarkable.