To assume that unrealistic optimism will not again, at some point, overwhelm the more sober instincts of investors, bankers, commentators and others would be a triumph of hope over experience. But it can’t be beyond us to achieve some worthwhile reforms in this area and 2010 is a year in which we can hope to make some progress.
Going forward, I expect and would like to see foreign banks and joint venture banks to participate more in Indonesia’s economic revival through its financing activities as often said by their officials. With the larger presence of foreign banks in the banking industry, it is understandable that the number of expatriate staffs in Indonesia is on the increase.