Last week, on a visit to the modest Jakarta office of the feisty Indonesian newsmagazine Tempo, I was told about one of the magazine’s proudest moments.
Now Tempo has a lot of proud moments. Founded in 1971 in the glory days of the Suharto dictatorship, it has always been an independent and credible voice. In 1994, in what would be later remembered as marking the beginning of the end of the Suharto era, the Indonesian information ministry shut down Tempo and two other publications for reporting on a government purchase of overpriced warships. Banned Tempo journalists helped set up underground newspapers, an independent journalist’s association to counter the government-sponsored one, and because the regime hadn’t yet figured out the internet, a site called Tempo Online.
Reopened in 1999, shortly after Suharto’s fall, Tempo remains the most influential and respected newsmagazine in Indonesia. But the country has changed. Indonesia is now a democracy with competitive elections and a rambunctious and free-wheeling press. It’s also in the midst of a digital revolution. The country is one of the fastest-growing mobile and tablet markets in Asia. Mobile-phone subscriptions are cheap here, with basic monthly data plans starting at $5, giving rise to what Tempo executive Bambang Harymurti calls “Facebook phones” – inexpensive handsets used mainly for getting access to the social networking site. It’s estimated that Indonesia will have 150 million people online by 2014, making it the 11th largest internet user in the world. Most of them will likely be accessing the internet through mobile devices. Read the rest of this entry »
This week, scandals involving high court judges in the Philipppines and Brazil were in the international spotlight. On Tuesday, Renato Corona, the chief justice of the Philippine Supreme Court, was removed from office after having been found guilty by the Senate of failure to disclose millions of dollars in his bank accounts.
On Wednesday, The New York Times reported that high court judges in Brazil were alleged to have taken overseas trips on private planes arranged by opposition senator Demostenes Torres. The senator is said to be a “gopher” for Carlinhos Cachoeira, a powerful businessman and illegal gambling operator who is known as Brazil’s Michael Corleone. Read the rest of this entry »
There is nothing more damaging for public officials than to have their secret and hard-to-explain assets exposed to the public. You’d think that they would have learned by now. And yet…
In the past weeks, I have been following from afar the travails of Renato Corona, the chief justice of the Philippine Supreme Court. Corona is in the midst of an impeachment trial and was found to have deposited millions of dollars in undisclosed bank accounts. As chief justice he should have known: Bank secrecy is not inviolable. As regulators worldwide crack down on money laundering and compel banks to be more accountable for their depositors, full secrecy is no longer guaranteed.
So here’s some unsolicited advice to those in public office: Be careful where you put your money. Be discreet about acquiring assets. Don’t be sloppy when you hide your wealth. Otherwise you’ll prove true what I’ve suspected all along: only the uninitiated and indiscreet get caught. Read the rest of this entry »