Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Indonesia News  >>   Economy  >>   Indonesia’s growth to come from domestic sources
NEWS UPDATES Asean Affairs     28-29 November  2011

Indonesia’s growth to come from domestic sources

 28 November 2011

An Indonesian central bank official said the country`s economic growth in 2012 would no longer come from foreign but domestic sources.

"It is important now to take safety measures at home to anticipate the impact of uncertainty in 2012," Bank Indonesia`s director for economic research and monetary policy Perry Warjiyo said here on Saturday.

He said this year Indonesia could still rely on sources of growth from abroad through foreign capital inflows as the impact of the crisis was not yet significant.

"What needs to be done now is shifting sources of growth which are used to be from abroad to home to avoid the negative impact (of the crisis)," he said at a discussion on global economic crisis.

He said various international institutions had also started revising down their predictions of economic growth in 2011 following current economic crisis.

He referred among others to the World Bank that revised its prediction from 4.5 percent to 4.0 percent and even further to 3.7 percent.

China`s economy which was initially predicted to grow 9.0 percent had now been predicted to go down to around 8.0 percent.

"With the declining growth the world`s demand would also decrease so that exports would drop. This is what is to also be felt in Indonesia," he said.

Perry said if the crisis in Europe continued short-term foreign investors would withdraw their funds in the developing countries.

"In the past two months some of them have already started withdrawing their funds from developing countries. Indonesia must anticipate this tendency well," he said.


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
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

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
 
or
submit your comment in the box below
Name

Name


Email

Email



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    30 November  2011 Subsribe Now !
• Asean New Common Tariff Codes
Subcribe: Asean Affairs Global Magazine
• World Gas Conference Malaysia Asean Affairs Premium

• Malaysia’s new low-cost terminal

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Japan’s request to Thailand accepted     

• Flood hit Don Mueang airpor 

• Indonesia to issue debt ‘Sukuk’

• Singaporean’s income and employment

• EU crisis cuts Indonesia’s growth forecast  

Asean Analysis             30 November   2011

Advertise Your Brand
• Asean Analysis-November 30 Sponsor Our Events

Asean Stock Watch      21-22  November  2011

 
• Asean Stock Watch-November 21-22 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

ASEAN  ANALYSIS

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
asean@aseanaffairs.com