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NEW UPDATES Asean Affairs 25 September 2015  

RI’s growth to improve: ADB

Indonesia’s economic growth is expected to recover next year, supported by rising public investment and continued economic reforms, says a new Asian Development Bank (ADB) report released on Tuesday.

In its update to its flagship annual economic publication, the “Asian Development Outlook 2015”, the ADB forecasts that Indonesia’s gross domestic product (GDP) will grow by 5.4 percent in 2016, trimmed from the 6.0 percent prediction made in March but still more than the 4.9 percent growth expected this year. In March, the ADB forecast 5.5 percent growth for 2015.

“The delayed economic recovery is primarily due to weaker-than-anticipated external demands and financial market volatility,” ADB country director for Indonesia, Steven Tabor, said on Tuesday.

“The impact of a greater emphasis on deregulation, stronger infrastructure investment and export recovery triggered in part by devaluation are likely to spur economic expansion in the coming year.”

The ADB’s 2015 outlook revealed that a key driver of the expected growth was stronger public spending, which has been delayed largely by slow fund disbursement.

“The government has taken measures to improve budget execution, which include efforts to simplify land acquisition procedures and advancing the tendering process for the procurement of most public projects under the 2016 budget to expedite implementation,” it says.

The report further says that policy reforms — including a new one-stop service for investment licensing and increased efforts to encourage private investment in selected infrastructure projects through public-private partnerships – are expected to stimulate private investment.

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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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