World's Best Featherweight?

Posted by Internet at Every Where on 8:11 AM

Indonesia isn't known for its boxing traditions, but you wouldn't know it by Chris John's massive success.

The 29-year-old is 42-0 with 22 knockouts, and is defending his WBA title this Saturday against American tomato can Rocky Juarez. With a Marciano-like record like that you'd think John would be more known worldwide, but this will actually be the first time many boxing fans have seen him take to the ring.

He's still on the undercard, as a setup to the larger Lightweight match between Juan Manual Marquez and Juan Diaz. But after this week's bout, one of only a handful he's fought outside of Indonesia, maybe John will be the main draw in boxing matches to come.


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Islamic bonds hit paydirt

Posted by Internet at Every Where on 1:12 PM

Well, the rest of global finance may be going up in flames, but at least there's one bright spot: The Indonesian government's successful issue of Islamic 'sukuk' bonds.

They'd been aiming for a 1.77 trillion issue, but ended up at a cool 5.56 trillion ($467 million). And not in any old economic environment, but the worst crisis since the Great Depression, when pretty much everyone is afraid of virtually everything - other than US Treasuries. Not a bad showing.

The sticky thing is how to issue bonds in the first place when Islam bans the charging or issuing of of interest. Sukuk represent an end-run around that problem by being structured as profit-sharing arrangements, drawing cash from underlying physical assets like rental income.

Now that the first issue has been snapped up, you know the government is going to be holding sukuk sales as often as people want to buy 'em. Like, how about tomorrow? This may not be the most politically correct salutation, but to the Finance Ministry wonks who pulled this off: Mazel tov!


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The Sultan Goes Online

Posted by Internet at Every Where on 6:02 AM

I've always wondered how divine religious figures throughout history - Jesus, Buddha, Muhammad, etc. - would cope with modern society. Would they be on Facebook? Would they Twitter?

I'm being facetious of course, but here's a real-world example. Java's divine Sultan, Hamengkubuwono X (related to Malcolm X?), is aiming for the country's presidency, and has set up a website to help him get there.

Nothing technologically Earth-shattering here - the usual tidbits like a 'Statement of the Day,' a smattering of bad campaign photos, and a boring news feed. But I do like that they have a contact page for someone who's supposedly semi-divine. Does God send e-mail? I hope his missives don't go into my bulk folder ...

As for the his connection to the heavens, given that SBY is leading in the polls by such a healthy margin, the Sultan might need all the help he can get.


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Spotlight: Le Meridien Nirwana Bali

Posted by Internet at Every Where on 6:36 AM

Think of Indonesia, and you don't automatically think of golf. But maybe you should.

Specifically if you stay at Le Meridien Nirwana Bali, whose Greg Norman-designed course has been awarded the best golf course in Asia for the fourth year in a row. For golf-addicted business travellers, of which there are many, having 18 holes alongside your luxury resort is something close to perfection.

Le Meridien isn't the most well-known hotel brand in the world, but the Starwood-owned group does have some standout locations like their New York City outpost on 57th St., whose recent renovation has a sleek modernist feel. In Bali the Meridien is near the Tanah Lot Sea Temple, removed from the usual Kuta craziness, and its unique golf course (one of only four on the island) winds through 30 hectares of terraced rice fields.

The top accommodation option, for those who still have a job and some savings (or, even better, a corporate expense account): The over 200-square-metre Presidential Suite, completely done in authentic Balinese decor. But its the links that are the resort's real draw for the golf-obsessed. As Asia's Leading Golf Resort (so named by the World Travel Awards), what's not to love?


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Hillary postmortem: Indonesia as 'cornerstone'

Posted by Internet at Every Where on 10:14 AM

Off she goes, to put out other diplomatic fires around the globe. Iran's nascent nuclear program, North Korea's usual swaggering, all converging at once, as if the world didn't have enough to deal with.

But before Secretary of State Hillary Clinton departed Jakarta, she helped write a new chapter in U.S.-Indonesia relations. Long-dormant mutual interests are being revived, with Indonesia free of all the old Suharto associations that had chilled relations initially, and the U.S. free of the unilateralist course it charted over the last eight years.

In fact many are citing Indonesia as a "cornerstone" of new-and-improved American foreign policy, both a symbol (of Muslim rapprochement) and a gathering force in population and resources. The question, then: Will Indonesia seize this historic moment, and come to the fore to exhibit leadership and moral principle, bringing disparate nations together? Or will it recede into its own messiness and complexities, content to let other countries take the lead?


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Hillary in Jakarta: The lovefest begins

Posted by Internet at Every Where on 10:25 AM

And so, with Secretary of State Hillary Clinton's visit to Indonesia, starts a new era in American foreign policy. A lot less unilateral arrogance, a lot more inclusiveness and so-called smart power. Hillary famously kicked off her Senate run with a 'listening tour,' and in her new position she seems to be taking a similar tack.

Indonesia's a logical place for the Obama administration to start, as a kind of translator to the larger Muslim world. With its traditions of democracy and tolerance, not so steeped in reactionary Wahhabist thought like much of the Mideast, and with its personal links to America's head of state, it's proving itself as a critical bridge for the State Department.

Unfortunately her Indonesian counterpart Hassan Wirajuda took the occasion to bring up the issue of a $5-billion lifeline, to help get Indonesia through the coming economic storms. In itself, nothing Earth-shattering. But mentioned in conjunction with improving ties, it gives off a certain whiff of pay-to-play politics. New ambassador, Roland Burris?


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