Blog

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The Mystery of Farmers' Term of Trade

According to the critics, a decline in terms of trade would indicate that farmers’ economic position is deteriorating and thus that the reform program is ineffective. While such conclusion might be... Read More

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Let Farmers be The Judge

Are farmers in Indonesia a happy lot? In the past few years, Heyokha team has been traveling to many provinces in Indonesia to meet and talk to people from different walk of life. One group that re... Read More

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Into The Wild

Jungle night trekking, from anxiety to serenity Mud-drenched clothes, legs covered by leeches, it didn’t seem to matter anymore after the darkness fell in the jungle. It was pitch black, and only w... Read More

The very adorable local kids cheering the runners

EMH, real life case

We recently attended the Maybank Bali Marathon and couldn’t help but noticing an interesting and recurring phenomenon. To the credit of the event organiser, a good number of portable toilets was ... Read More

Farmers working in the fields

No title no glory

In our fourth quarter 2015 report, we referred to a book titled “How Asia Works” by Joe Studwell. In this insightful book, the author pointed out that with most resources often being concentrated ... Read More

Ramayana AR2016 & 2015

Better late than never

What we learned from Ramayana’s 2016 annual report A passionate fundamental investor would devour annual reports like warm pastries, as it is a great way to get to understand the company, its sec... Read More

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One takeaway from the CIMB Indonesia Conference: An app alone is not a digital strategy

Heyokha team recently attended the CIMB 11th Indonesia Conference. Admittedly, the venue of the event in Bali is a big pull factor, for obvious reasons. Yet, we also found out that despite Bali’s di... Read More

About Our Blog

This blog covers observations made by our team. It can touch on any subject that we deem relevant for investors in Asean markets.