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NEW UPDATES Asean Affairs 4 August 2014  




Slow growth despite greater investment

Indonesia’s investment growth of 16.4 percent year-on-year in the second quarter of 2014 has not been enough to boost the economy, a minister has said.

The Investment Coordinating Board (BKPM) noted that the amount of investment in Indonesia increased by 16.4 percent to Rp 116.2 trillion in the second quarter this year from the same period last year.

Finance Minister Chatib Basri explained that Indonesia’s economic growth during the second quarter had been estimated to grow by 5.3 percent, only slightly higher than the 5.21 percent growth achieved the previous quarter.

“Our interest rate is still relatively high, thus slowing down investments into the country,” Chatib said as quoted by kontan.co.id, adding that investments contributed only 4 percent to economic growth in the second quarter.

According to the Central Statistics Agency (BPS), during the first quarter of this year, investment contributed 5.13 percent to economic growth.

Chatib had previously stated that the recent presidential election would boost the economy during the second quarter, mainly driven by increased household-goods purchases.


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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

 


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