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NEW UPDATES Asean Affairs 1 December 2014  

Economy to grow by 5.6% in 2015: Indef

Indonesia: The Institute for the Development of Economics and Finance (Indef) has predicted that the Indonesian economy will grow by 5.3 to 5.6 percent next year, lower than the government’s target of 5.8 percent.

“The Indef forecast is based on pressuring factors, including exports that cannot be boosted. This is not only because of the global condition but is also due to the fragile structure of our industry,” executive director of Indef Ahmad Erani Yustika said in his address to a meeting on the Indonesian economic projection in 2015.

The government may be optimistic about achieving the economic growth target of 5.8 percent, as fiscal room has been created to develop the economy by building infrastructure and providing social protection to the poor. However, the impact of the government’s programs will not be felt in 2015.

“There is still a time lag in the economic field. For instance, infrastructure that will see its construction begin in January 2015 will be completed only at the end of the year and can be enjoyed only by early 2016. So hindrances to economic growth will remain unsolved next year,” Erani explained.

He emphasized that the government must make the bureaucracy more efficient so it can contribute 0.2 percent of national economic growth.

“What the government can do is improve bureaucracy, so that it can contribute to economic growth, albeit by not more than 0.2 percent,” he stated

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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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