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NEWS UPDATES Asean Affairs     August 29,  2016  

Bank Indonesia sees creative industry, tourism as catalyst to economic growth

Bank Indonesia Governor Agus Martowardojo said on Friday that the creative economy and tourism could support the country's future economic growth, as small and medium-sized enterprises (SMEs) in these sectors could potentially contribute 70 percent to gross domestic product (GDP).

The central bank said SMEs had contributed 60.3 percent of GDP and absorbed 97 percent of the total working population in which it was showing that it was becoming a catalyst for the economy, similar to what was experienced in the country just after the monetary crisis of 1998.  

"We see potential in tourism and the creative economy to contributing to our economic growth," Agus said in Jakarta.

Indonesia posted robust economic growth in the second quarter, at 5.18 percent year-on-year but growth was still dominated by Sumatra and Java, while Kalimantan and other eastern regions of the country were still experiencing a slowdown, he said.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Indonesia  to launch 13th economic package this month

Coordinating Economic Minister Darmin Nasution said on Wednesday that the government would release its 13th economic policy package in August, adding that the draft had been completed.

Darmin said the 13th package was largely an extension of the previous one, but would expand its focus beyond industry. The 12th package focused on small and medium enterprises.

"We are just waiting to schedule a meeting with the president," Darmin told reporters at his office. He refused to give the exact date the new policy package would come into effect.

 The ministry team must meet with President Joko "Jokowi" Widodo one more time to finalize the details, Darmin said.




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