RiaKy ho &Advisor

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@pulpenduculal @rickyho_1989 Many of my followers have already joined our WhatsApp group.! Get free real-time trading alerts, investment strategies, and market forecast analysis. Join the group 👇 ➡️ Send “Join” to this WhatsApp number +13185709252 WhatsApp link👉🔗api.whatsapp.com/send?phone=131…

@pulpenduculal @rickyho_1989 Many of my followers have already joined our WhatsApp group.! Get free real-time trading alerts, investment strategies, and market forecast analysis. Join the group 👇 ➡️ Send “Join” to this WhatsApp number +13185709252 WhatsApp link👉🔗api.whatsapp.com/send?phone=131…

Bloomberg’s latest report captures what may be the most important shift taking place in Indonesia today: the relationship between the state and private capital is changing. For decades, Indonesia’s economic model rested on an implicit understanding. Businesses invested, created jobs, and accumulated capital. In return, the government provided a relatively predictable operating environment. That arrangement survived political transitions, financial crises, and multiple administrations. The concern today is not simply that taxes are rising or that wealthy individuals are being asked to contribute more. Governments everywhere have the right to raise revenue and pursue redistribution. The issue is whether investors perceive the rules of the game as becoming less predictable. According to the report, several developments are contributing to that perception: pressure to subscribe to low-yield “patriot bonds,” discussions around a wealth tax, broader asset forfeiture powers, tax investigations targeting high-net-worth individuals, and increasingly confrontational rhetoric toward Indonesia’s business elite. Whether each individual measure is justified is almost secondary. What ultimately matters is how the investment community interprets the cumulative direction of policy. Capital is remarkably sensitive to confidence. Once investors begin questioning property rights, policy consistency, or the security of accumulated wealth, capital outflows can accelerate long before any formal legislation is enacted. Indonesia’s recent market performance reflects that reality. The rupiah remains under pressure, equities have significantly underperformed regional peers, foreign investors continue to reduce exposure, and sovereign credit outlooks have already been revised to negative by Moody’s and Fitch. Indonesia faces a structural constraint that differentiates it from countries such as China or Saudi Arabia. It operates an open capital account, relies on foreign portfolio inflows to finance fiscal deficits, and has a freely floating currency. That means confidence is not an abstract concept. It directly influences exchange rates, government borrowing costs, domestic liquidity, and ultimately economic growth. Perhaps the greatest risk is not the immediate outflow of capital but the reduction in future investment. Businesses can tolerate higher taxes if the rules are stable. They struggle when future policy becomes difficult to predict. Long-term investment decisions depend on confidence that today’s rules will broadly resemble tomorrow’s. The irony is that attracting private capital and encouraging entrepreneurship are essential if Indonesia wants to achieve its long-term growth ambitions. Sustainable economic development requires both an effective state and a confident private sector. If either side loses trust in the other, growth becomes increasingly difficult to sustain. The ultimate question is therefore not whether Indonesia should ask more from its wealthiest citizens. The question is whether it can do so while preserving the confidence that has historically made private investment possible.

Just baked warm chocolate chip cookies at 7 PM with fairy lights on, the cat curled up on my laptop—small cozy wins make the best evenings ,

Made the coziest oat latte + toasted avocado bread for breakfast Simple, warm, and perfect for a slow morning!

Just finished a chill round of casual puzzle games after work—no intense grinding, just perfect vibes to unwind.

Just spent 3 hours hiking up that misty mountain and stood at the top as golden sun poured over the valley — worth every raindrop on my jacket and sore leg.

Just found this hidden indie track while scrolling late at night—warm vocals + gentle guitar make my whole vibe feel like a cozy hug.

Growth isn't about becoming someone new—it's about uncovering the brave, honest parts of yourself you already had, all along.

Just upcycled an old glass jar into a cute small plant pot—all it took was a little paint and some decorative twine! Quick DIY win for my desk

Just aced my English vocabulary quiz 30 new words down, ready to nail next week’s essay! #LearningJourney

Got my IELTS score today! 7.5 overall, listening 8.5, writing 7—ready for my uni application!

This Thanksgiving, treat your loved ones to our signature maple-glazed roasted turkey paired with homemade pumpkin pie. Limited slots available—book now!

[Today’s little win: my toddler’s first time baking rainbow cookies with me—messy hands, huge smiles, and a cookie full of flour! #FamilyFun #MomLife]，