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NEWS UPDATES Asean Affairs   29 July 2013  

Dwindling investments will upset economic growth target:Ministry

A decline in the value of investments could disrupt Indonesia’s economic growth target, which has been set at above six percent, a senior official has said.

The Finance Ministry’s fiscal agency head Bambang Brodjonegoro said it would cause difficulties if the country’s investments declined.

“If exports decline we will have to compensate for it with more foreign direct investments and other investments in the form of government or state-owned enterprise capital spending,” he said on Saturday as quoted by Antara news agency.

Bambang said that to maintain the competitiveness of the investment sector, the government would propose tax incentives in an effort to attract investor interest.

Currently, the government is trying to maintain economic growth of six percent by maintaining domestic consumption and investment in anticipation of a further weakening of exports due to the ongoing crisis in developed countries.

In the 2013 revised state budget, the economic growth target was set at 6.3 percent while the government has set a growth assumption in the range of 6.4 – 6.9 percent for the 2014 state budget.

The World Bank has cut Indonesia’s growth forecast from 6.2 percent to 5.9 percent this year due to a weakening in domestic consumption and the decline in exports.

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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






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