Sign up | Log in



Home  >>   Daily News  >>   Indonesia News  >>   Economy  >>   Indonesia raises growth rate
NEWS UPDATES Asean Affairs         6  July 2011

Indonesia raises growth rate

Related Stories

July 2, 2011
Indonesian inflation down

June 30, 2011
Indonesia could beat economic forecasts

June 11, 2011
Indonesian deficit to exceed GDP

June 10, 2011
Nomura bullish on Indonesia

June 9, 2011
Report looks at Indonesia's poor health

June 8, 2011
Indonesia's competitiveness rises

May 30, 2011
Indonesia needs to reduce red tape

Indonesia raised its growth target to as much as 7 percent next year over optimism that inflation would be kept at bay and that its master plan for development would boost the economy.

The Finance Ministry forecast economic growth at a range of 6.6 percent to 7 percent in 2012, compared with an earlier projection of 6.5 percent to 6.9 percent.

“Indonesia has the potential,” Agus Martowardojo, the ministry’s chief, said during a meeting with the House of Representatives’ Commission XI overseeing finance on Tuesday.

“If Indonesia is able to complete its infrastructure development projects, it will drive up [the country’s] investment grade so the target range is acceptable,” the minister added.

The ministry considered several factors in its latest projection, including the assumption that the inflation rate would be at 4- 5.3 percent next year.

Government data showed that inflation slowed last month, with the consumer price index at a 5.54 percent annualized rate in June, compared to 5.98 percent in May.

The ministry also expected greater development in the regions under the Rp 4,000 trillion ($468 billion) Master Plan for the Acceleration and Expansion of Indonesian Economic Development (MP3E1). Part of the plan involves the creation of economic corridors, spanning industries from agriculture to telecommunication, across the nation.

The ministry kept its forecast on economic growth this year at 6.5 percent, after the economy expanded to 6.1 percent last year.

The ministry also predicted that the rupiah would move between 8,600 and 9,100 against the dollar next year and that the price of crude oil would be between $75 and $95 per barrel.

The rupiah traded at 8,535 against the dollar on Tuesday, while crude oil for August delivery traded at $95.05 a barrel in New York.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    6  July  2011 Subsribe Now !
• Indonesia raises growth rate Subcribe: Asean Affairs Global Magazine
• Terrorist trial would increase Indo risks Asean Affairs Premium
• Global events make Malaysian interest hike problematic
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Philippines criticized for renewable energy incentives delay
• Sea tensions erupt in diplomatic corps
• Singapore gets protester-- in New York
• Pheu Thai will not appoint exiled former PM trade envoy
• Business opposes 300 baht Thai minimum wage p

Asean Analysis    6  July  2011

Advertise Your Brand
• Aquino goes ahead with personal diplomacy Sponsor Our Events

Asean Stock Watch    July  2011 

• Asean Stock Watch-June 6 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


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


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand