Indonesian Economic Council Chairman Seeks Peaceful Refuge Amid Middle East Conflict
Chairman of Indonesia's National Economic Council discusses desire for assets relocation to Bali due to ongoing Middle East conflict
Quick Look
Indonesia's National Economic Council Chairman, 78, expresses desire to relocate assets to Bali citing the unending Middle East conflict, amidst Indonesia's economic crisis.
AI-generated summary
Why It Matters
The Middle East conflict has led to a desire for relocation among some individuals due to its perceived endless nature.
A friend recently sent him a photograph of kamikaze drones lighting up the skies over Abu Dhabi, accompanied by a plea: help us get out. “They said ‘We’d like to move our assets, we’d love very much to stay away from here and live in Bali, because it’s so peaceful in Bali’,” he recalled. “The Middle East conflict is not going to end next month or next year, I don’t believe that.” Speaking to This Week in Asia on the sidelines of the Nusa Dua Forum in Bali on July 17, the 78-year-old chairman of Indonesia’s National Economic Council was a study in moustachioed calm – a far cry from the crisis of confidence that has roiled Southeast Asia’s largest economy this year.
What to Watch
AI outlook — possibilities, not facts
Increased investment in Bali's real estate sector as a safe haven.
Likely · Within months
Open Questions
- How will the conflict affect global commodity prices?
- What are the long-term implications for Indonesia's economy?
