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Summary

This video discusses Indonesia's Domestic Holding (DH) policy, which mandates exporters to hold their foreign earnings within the country. The speaker compares Indonesia’s DH to policies in other Southeast Asian countries like Malaysia, Thailand, the Philippines, and Vietnam, highlighting their varying requirements. The speaker argues that the DH benefits the economy by stabilizing the currency and supporting national growth, even though it may challenge industries like coal mining. Viewers are encouraged to share their opinions on whether they support the DH policy, with a focus on its potential impact on businesses and the economy.

Takeaways

• 😀 Indonesia's Domestic Holding (DH) policy requires exporters to convert 100% of their foreign earnings into Indonesian Rupiah to support the national currency and stabilize the economy.
• 😀 DH is seen as a positive step for protecting the Rupiah, increasing liquidity, and fostering national economic growth, according to the speaker's perspective.
• 😀 Countries like Malaysia, Thailand, the Philippines, and Vietnam also implement similar DH policies, with slight variations in the percentage and duration of the conversion requirements.
• 😀 Malaysia mandates exporters to convert 25% of their earnings into Ringgit while allowing the remaining 75% to remain in foreign currency.
• 😀 In the Philippines, exporters are required to convert 25% of their foreign earnings into the local Peso to protect the currency.
• 😀 Vietnam follows the same 100% DH policy as Indonesia, and their rapid economic growth is attributed to such policies.
• 😀 The speaker compares the DH policy to other countries' practices, noting that many Southeast Asian nations have adopted similar regulations.
• 😀 The DH policy helps safeguard the national currency and stabilizes the local economy by requiring foreign exchange to stay within the country.
• 😀 The speaker suggests that while the policy benefits the economy, it could create challenges for businesses, especially those in the coal export sector with higher foreign debts.
• 😀 A call to action is made for viewers to share their opinions on the DH policy, with incentives for the best responses, particularly from coal business owners.

Q & A

What is the Direct Holding Export (DHE) policy discussed in the video?

The DHE policy requires companies exporting goods to convert their foreign earnings into the local currency and park them within the country for a specified period, typically 12 months in Indonesia. This aims to stabilize the national currency and improve economic liquidity.

Why does the speaker support the DHE policy in Indonesia?

The speaker supports the DHE policy because they believe it helps protect the Rupiah, maintains economic stability, and fosters national growth, especially by increasing liquidity in the local economy.

How does the DHE policy in Malaysia differ from that in Indonesia?

In Malaysia, the DHE policy requires 25% of the export earnings to be held in foreign currency (USD), while the remaining 75% must be converted into the local currency, Ringgit. This contrasts with Indonesia's policy, where 100% of the export earnings must be converted into foreign currency (USD).

What are the DHE policies in Thailand, the Philippines, and Vietnam?

Thailand requires exporters of natural resources to convert their earnings within the country. In the Philippines, 25% of the export earnings must be converted to the local currency, Peso. In Vietnam, 100% of export earnings must be converted to the local currency, and the funds must be held within the country for a specified period.

What are the consequences for companies, particularly in the coal sector, under the DHE policy?

Companies, especially in the coal sector, may face challenges due to the 100% conversion requirement, which could affect their business operations, particularly if they have foreign debt or rely on exports. This policy may increase the liquidity in the local economy but could be burdensome for export-heavy businesses.

How does the speaker view the criticism of the DHE policy?

The speaker argues that the criticism of the DHE policy is unjustified, pointing out that many other countries, especially in Southeast Asia, have similar policies. The speaker emphasizes that DHE is a strategy for protecting national currency and strengthening the local economy.

Which countries in Southeast Asia implement DHE policies?

In addition to Indonesia, the countries in Southeast Asia that implement DHE policies include Malaysia, Thailand, the Philippines, and Vietnam.

What is the comparison the speaker makes between Vietnam and Indonesia in terms of economic growth?

The speaker mentions that Vietnam's GDP growth is outpacing Indonesia’s and could soon surpass it, noting that Vietnam’s economy is more modern, transparent, and growing faster. The speaker also implies that Vietnam's DHE policy may be contributing to this growth.

How long must the funds be held in the country under the DHE policy in Malaysia, Thailand, and Vietnam?

In Malaysia, funds must be held for 3 months. In Thailand, exporters are required to convert and hold their earnings in the country, though specific duration details are not provided. In Vietnam, 100% of the export earnings must be converted and held in the country for 12 months, similar to Indonesia’s policy.

What is the purpose of the DHE policy according to the speaker?

The purpose of the DHE policy is to stabilize the national currency, protect the Rupiah, increase liquidity in the local economy, and support national economic growth, particularly by ensuring that export earnings contribute to the domestic financial system.