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Home  >>   Daily News  >>Indonesia>>Economy>>Indonesia's manufacturing sector set to be part of global supply chain
NEWS UPDATES Asean Affairs     January 4,  2017  






Indonesia's manufacturing sector set to be part of global supply chain

Indonesia aims to make its manufacturing industry a key part of the global supply chain, the National Development Planning Agency (Bappenas) has said.

De-industrialization has been a widespread concern in Southeast Asia’s biggest economy for more than a decade.

Indonesia wants to integrate its economy more deeply into the world trade system, meeting demand for manufactured goods in the future, National Development Planning head Bambang Brodjonegoro said during a year-end press conference at his office on Saturday.  

To do this, the country needs to produce more quality products, he added.

“By becoming part of the global supply chain, we can reduce our dependence on commodities vulnerable to global price movements," Bambang said as quoted by Antara news agency.

The domestic manufacturing industry, which comprises the oil and gas sector and the non-oil and gas sector, expanded by 4.25 percent last year, according to the Industry Ministry. This figure was lower than economic growth of 4.79 percent.

Its contribution to gross domestic product (GDP) stood at 20.84 percent, of which 18.8 percent was produced by the non-oil and gas industry.

Bambang further said that becoming an industrialized nation, marked by a 30 percent share of the manufacturing sector to GDP, was a prerequisite to becoming an advanced nation. He added that this process would take a long time.

Indonesia could potentially develop natural resource-based, labor-intensive consumer goods and automotive industrial sectors in the future to help it reach this ambition, he said.

Before the 1997-1998 financial crisis, the industry enjoyed robust growth, outpacing economic expansion.



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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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