Rent-seeking is one of the more interesting economic concepts to have emerged from the academic literature since the 1960s, but it is still a rather neglected concept in the mainstream media. Perhaps this is because the term can be rather confusing at first glance; it has nothing to do with renting or rentals in the…
The first thing to establish here is that TBI did lose the fight for Jakarta. Self-evident as it has been to us for a long time, you certainly won’t hear the authorities at TBI admitting it. Even as competitors have stolen massive chunks of market share from them, the TBI ostriches have gone on sticking their heads…
Back in 2013 we ran the following article, which now seems more relevant than ever. Since we first published it, our predictions have been borne out in a most striking manner. While there were only 4 Wall Streets in Greater Jakarta a mere 2 years ago, they are now about to open their seventh, at Bintaro;…
TBI Semarang isn’t the only TBI school to have gone bankrupt. There is also the sad case of TBI Cengkareng, which went belly up around 2011. It had been slowly withering for years; someone must have lost a small fortune on their investment in this wretched school. Look at the advertising material below and you will…
Saya adalah salah satu korban penipuan Rumah Bahasa Lotte Mall Bintaro. Berikut kronologis kejadian yang saya alami selama 6 bulan terakhir: Saya mendaftar di Rumah Bahasa Lotte Mall Bintaro pada Desember 2013 untuk masa kursus 1 tahun. Tenaga marketingnya menjanjikan bahwa kelas akan dibuka 15 Desember 2013 dan akan ada pemberitahuan selanjutnya jika kelas akan…
TBI’s pathetic decline towards irrelevance grows more pronounced by the minute. Better and more professional competitors are crowding them out of the market, revealing them for the unprofessional, out-of-date and inept company that they really are. More on their continued descent soon, but in the meantime, we offer you the truly contemptible: Binsar Simorangkir, having…
Yesterday we received the following comment from “Andy”. It gives us some good insight into the chaotic, irresponsible way that Frendy Horas runs his business. Fed up teachers were threatening to do a walk-out unless they were paid yesterday. We have received regular reports that salaries are often paid late and refunds may be delayed…
Really I haven’t posted that much about TBI this year. First of all, I was focusing on Rumah Bahasa, a new rogue operator which was employing teachers on tourists visas and taking up to 3 months to “process” customer refunds. Mind you, this wasn’t just any capricious demand for a refund. Rumah Bahasa had failed…
Word of the Day: lard Noun a soft, white, semisolid fat obtained by rendering the fatty tissue of the pig Idiom of the Day: larding the sales figures Meaning: to make the sales figures seem better than they really are by including low-grade, low-quality or even non-paying customers in the data TBI Bandung, the adopted home…
I regret to say that Rumah Bahasa is the greatest liar. Not just Frendy Horas, but also the manager, namely Faruk of Rumah Bahasa Bintaro. He was the one who promised refund in 2 months. When the due day came and still no refund, he changed his attitude. He even had the nerve to say…
tbilanguageschool 