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NEW UPDATES Asean Affairs   27 May 2014  

Economic growth could reach 6%: Economist

Indonesia economic growth rate could reach up to 6 percent in 2015 if the upcoming presidential election meets market’s expectations, an economist says.

According to Tony Prasetyantono, an economist at Gadjah Mada University’s (UGM) School of Economics and Business, a change in government that fulfilled the expectations of most investors would also potentially strengthen the rupiah.

“Until the end of 2014, I am predicting 5.8 percent growth, not far off last year. We can only observe true economic changes after the election finishes in July,” Tony said in Yogyakarta on Saturday.

“If the election goes well, and fulfills investor expectations, there will be a significant capital inflow from overseas,” he added.

According to Tony, the slow growth of the economy is also being caused by the fallout from ongoing financial crises in the United States and Europe, which is proving detrimental to Indonesia’s long-term economic growth, Antara reported. Furthermore, he asserted that the next president should prioritize economic competitiveness, which he said would push infrastructure development and boost human resource quality.

The need to boost the quality of Indonesia’s human resources, he said, was crucial for the impending ASEAN Economic Community (AEC) in 2015.

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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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