$12B Pertamina Corruption Case, Public Crisis & Government Policy Risks & Energy Market Reform with Gita Sjahrir - E546

episode

BRAVE Southeast Asia Tech: Singapore, Indonesia, Vietnam, Philippines, Thailand & Malaysia Startups, Founders & Venture Capital VC (English) not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from BRAVE Southeast Asia Tech: Singapore, Indonesia, Vietnam, Philippines, Thailand & Malaysia Startups, Founders & Venture Capital VC (English)

What 500 Harvard Case Studies Actually Do To Your Brain - E729 55 min · 09 Sep 2026

The Truth About China's Competitive Advantage - E728 30 min · 06 Sep 2026

Itamar Novick: Where AI Replaces People, and Where It Does Not - E727 46 min · 02 Sep 2026

$70,000 Per Child: What Singapore's New Family Package Actually Changes - E726 43 min · 31 Aug 2026

The Next 3 Years Will Deliver 30 Years of Innovation | John Lin - E725 39 min · 26 Aug 2026

The Innovation Playbook of 3 Southeast Asian Founders - E724 27 min · 23 Aug 2026

All episodes from BRAVE Southeast Asia Tech: Singapore, Indonesia, Vietnam, Philippines, Thailand & Malaysia Startups, Founders & Venture Capital VC (English) →

Report any issue

Source

Recorded09 Mar 2025

Publisherfeed.pod.co ↗

Handlerec:7818564

Show notes

Gita Sjahrir, Senior Advisor at TBS Energi Utama, and Jeremy Au talked about the complexities of corporate governance and accountability within emerging markets. They discussed the eFishery scandal, the Pertamina corruption case, and the broader implications for economic growth and investor trust. 1. Investor Due Diligence: Gita and Jeremy highlighted the need for investors to go beyond financial reports and conduct on-ground audits to detect fraud early. 2. Impact of Fraud: They discussed how fraud not only inflates financials but also demotivates teams by reducing the urgency for operational improvements. 3. Founder Accountability: They emphasize that while investors play a role, founders are ultimately responsible for corporate governance and ethical leadership. 4. Valuation Risks: High early valuations create unrealistic expectations, making it harder for startups to deliver sustainable growth. 5. Government and Public Roles: Citizens are increasingly pushing for consequences in corruption cases, as seen in the Pertamina scandal. 6. Fuel Subsidies vs. EV Adoption: They analyzed how fuel subsidies in countries like Indonesia and Malaysia slow down electric vehicle adoption and market competitiveness. 7. The Cost of Poor Communication: Governments that fail to clearly communicate policy shifts, like subsidy reductions, can trigger public backlash and economic uncertainty. 8. Strategic Energy Transitions: They argued that Southeast Asia needs a phased, well-communicated shift toward sustainable energy to ensure long-term stability. Watch, listen or read the full insight at https://www.bravesea.com/blog/corporate-finance-failure-impact Get transcripts, startup resources & community discussions at www.bravesea.com WhatsApp: https://whatsapp.com/channel/0029VakR55X6BIElUEvkN02e TikTok: https://www.tiktok.com/@jeremyau Instagram: https://www.instagram.com/jeremyauz Twitter: https://twitter.com/jeremyau LinkedIn: https://www.linkedin.com/company/bravesea English: Spotify | YouTube | Apple Podcasts Bahasa Indonesia: Spotify | YouTube | Apple Podcasts Chinese: Spotify | YouTube | Apple Podcasts Vietnamese: Spotify | YouTube | Apple Podcasts

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.