Indonesia?s Economy Continues to Have Momentum

Fathan Qorib, Robert Sidauruk

While the global economic growth seems stagnant during 2013, Indonesia still has its own momentum in the economic sector. This momentum is indicated by financial gains from the investment influx in Indonesia.

This view was delivered by Aldian Taloputra, Senior Economist at Mandiri Securitas, during his presentation on macro-economics outlook, in Jakarta (14/5).

Aldian explained that Indonesia is expected to reach 7,5% of investment enhancement, which will impact in fairly strong inflow and state finance. 

“This enhancement makes Indonesia attractive for investment,” he added.

He further noted that economic growth in Indonesia throughout 2013 will reach 6% despite the slow progress of global economic growth, which was projected at 3,3 % by the International Monetary Fund.

Likewise, Destry Damayanti, Chief Economist at PT. Bank Mandiri Tbk, said that Indonesia’s economic momentum can be seen from the information released by Indonesia Investment Coordinating Board (BKPM).

“[BKPM] shows that foreign direct investments remain dominant in Indonesia at the level of 70% in 2013’s first quarter,” she explained.

Destry also highlighted the positive influence of the growing Indonesian middle class, which has a big potential in contributing to Indonesia’s economic growth.

The economic momentum for Indonesia is also supported by the good shape of natural resource industries. Destry stated that this situation can be reflected by the domination of Indonesia in natural resources exportation.

“Indonesia currently ranks first in the world for exportation of Crude Palm Oil (CPO) with the total of USD 16,6 million,” she added.

Destry also touched on the Government’s plan to increase fuel prices. She concluded that the decision will make Indonesia’s financial status even stronger.

(hot/jt)

Fathan Qorib, Robert Sidauruk

While the global economic growth seems stagnant during 2013, Indonesia still has its own momentum in the economic sector. This momentum is indicated by financial gains from the investment influx in Indonesia.

This view was delivered by Aldian Taloputra, Senior Economist at Mandiri Securitas, during his presentation on macro-economics outlook, in Jakarta (14/5).

Aldian explained that Indonesia is expected to reach 7,5% of investment enhancement, which will impact in fairly strong inflow and state finance. 

“This enhancement makes Indonesia attractive for investment,” he added.

He further noted that economic growth in Indonesia throughout 2013 will reach 6% despite the slow progress of global economic growth, which was projected at 3,3 % by the International Monetary Fund.

Likewise, Destry Damayanti, Chief Economist at PT. Bank Mandiri Tbk, said that Indonesia’s economic momentum can be seen from the information released by Indonesia Investment Coordinating Board (BKPM).

“[BKPM] shows that foreign direct investments remain dominant in Indonesia at the level of 70% in 2013’s first quarter,” she explained.

Destry also highlighted the positive influence of the growing Indonesian middle class, which has a big potential in contributing to Indonesia’s economic growth.

The economic momentum for Indonesia is also supported by the good shape of natural resource industries. Destry stated that this situation can be reflected by the domination of Indonesia in natural resources exportation.

“Indonesia currently ranks first in the world for exportation of Crude Palm Oil (CPO) with the total of USD 16,6 million,” she added.

Destry also touched on the Government’s plan to increase fuel prices. She concluded that the decision will make Indonesia’s financial status even stronger.

(hot/jt)

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