Indonesia
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Indonesia Looks to Grow Its Economy 'Creatively' - CNBC.com

Indonesia Looks to Grow Its Economy 'Creatively' - CNBC.com | Indonesia | Scoop.it
Indonesia Looks to Grow Its Economy 'Creatively'CNBC.comIn Indonesia, she sees clusters of creative economic activity already brewing in places like Bandung, and Bali, and wants to create the same kind of buzz in other Indonesian cities.

Via Ignasi Capdevila
Marina Fahim's insight:

Pangestu, in charge of Indonesia's new Ministry for Tourism and Creative Economy, just knows Indonesia can grow because “Indonesia has a long and deep history of creative activity. Creativity is in our DNA." She says that a "creative economy" involves restaurants, fashion, music, theatre, industrial design, publishing, spa, and arts and crafts. These activity account 7% of the economy and she wants to raise that to 11% of the GDP. If her creative economy succeeds, their country's image will have a huge boost.

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Andy Ho's comment, April 27, 2014 10:08 PM
Mari Pangestu hopes to boost Indonesia's economy. She intends to do so by creating a "creative" economy, in other words increase tourism. According to her it already accounts for over 7% of Indonesia's economy. She wants to boost that share to over half, to more than 11% of GDP. Already in Indonesia though their are clusters of Pangestu so called "creative" economic activity brewing up in other cities life Bangdung. It is highly probable that Pangestu creative economic idea will succeed because of its increasing demand in Indonesia. Not only that, but in the past Indonesia has always benefited from its creative economic side as Pangestu states " It is in their DNA".
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Despite the occasional hiccup, Indonesia's economy has performed well in ... - Jakarta Post

Despite the occasional hiccup, Indonesia's economy has performed well in ... - Jakarta Post | Indonesia | Scoop.it
Despite the occasional hiccup, Indonesia's economy has performed well in ...
Jakarta Post
Foreign investment has been rising, reflecting growing confidence in the economy among the world's biggest corporations.
Marina Fahim's insight:

In the past 10 years Indonesia's economy has grown by 5.8% making it "one of the world's fastest growing large economy." Fiscal Deficits in Indonesia has decreased to 2% of the GDP, which means that the Government has lowered their spending (contractionary fiscal policy). Foreign investment has also been growing, and stimulating Indonesia's economy, this has helped fund their small current account deficit. 

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Indonesia put to test

With the world's third-largest democracy and Asia's fifth-largest economy, Indonesia has emerged as a regional bastion of political stability and economic dynamism, assuming a place of pride among developing nations. But with global economic clouds on the horizon, the country looks increasingly vulnerable to losing some of its newfound luster.


Via Peta Heinrich
Marina Fahim's insight:

Indonesia isn't much a competitive country, and is therefore ranked 75th in the 2010 Logistics Performance Index. While ranking in "easy of doing business" ranking in the World Bank's annual survey, Indonesia is ranked 129th in 2012. There was no improvement from the year before; in 2011 they were ranked 126th. Indonesia is characterized as largely underdeveloped and their institutional framework is "corruption and bribery".

Indonesia also has a big tax-collection problem. 80% of state revenues are derived from a narrow tax bank. The average for GDP is 14-22%, and Indonesia's was 12.7% in 2012.

Indonesia's inefficiency in their economy tends to get in their way from everything, such as the state's budget and major concerns about the quality of their current public spending.

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Indonesia says it wants to host the Asian Games - Yahoo News

Indonesia says it wants to host the Asian Games - Yahoo News | Indonesia | Scoop.it
The West Australian Indonesia says it wants to host the Asian Games Yahoo News JAKARTA, Indonesia (AP) — Indonesia has the will and the funds to stage the 2019 Asian Games, a government minister confirmed Sunday as regional organizers scrambled for...
Marina Fahim's insight:

Indonesia wants to host the Asian Games. This is a great opportunity for Indonesia to get promotions. If Indonesia gets promotions then more businesses will be attracted to there and also that would boost their economy even more. Indonesia is willing to host the games and has enough money to do so. As stated by Roy Suryo, Indonesia's youth and sport minister"We have been waiting for this opportunity for decades and don't want to wait another decade, Indonesia is ready and there will be no problem with funds."

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China slowdown to affect Indonesia: ADB - Jakarta Post

China slowdown to affect Indonesia: ADB - Jakarta Post | Indonesia | Scoop.it
China slowdown to affect Indonesia: ADB Jakarta Post The economic slowdown in China could have a negative impact on Indonesia's economic recovery especially amid the government's efforts to address the current-account deficit, the Asian Development...
Marina Fahim's insight:

China slowing down may affect Indonesia's growing economy due to the amounts of exports the country sells to China. Indonesia is roughly 14% of the exports in China, and with China's lack of growth it affects Indonesia's economy. Indonesia's exports make up 20% of the country's GDP, therefore a slowdown in exports can negatively affect Indonesia's economy. 

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Puma Energy Looks to Capitalize On Indonesia's Economic Growth - Jakarta Globe

Puma Energy Looks to Capitalize On Indonesia's Economic Growth - Jakarta Globe | Indonesia | Scoop.it
Puma Energy Looks to Capitalize On Indonesia's Economic Growth
Jakarta Globe
Puma Energy, a global oil company, said it was looking to boost its business in Indonesia, capitalizing on the country's accelerating economic growth.
Marina Fahim's insight:

Puma Energy has recognized Indonesia's Economic Growth and wanted to start boosting their company there. This is a good thing for the Indonesian economy because Puma Energy's success can promote business in Indonesia. 

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Skilled labour lacking in Indonesia

Skilled labour lacking in Indonesia | Indonesia | Scoop.it

As Indonesia's economy continues to grow at a steady clip, officials and investors have drawn up plans for ambitious projects - from new airports to advanced manufacturing plants.
But there is a snag to these plans: Businesses are finding it hard to get the right people to fill higher-skilled jobs, and fear this situation may get worse.


Via AlterAsia
Marina Fahim's insight:

Although Indonesia is starting to grow nicely - with new airports and now advanced manufacturing plants - Indonesia is lacking of skilled people for the higher-level jobs. Undergraduates didn’t seem to continue to study engineering and advanced science majors and instead, they chose politics. Coordinating Minister for Economic Affairs, Hatta Rahasa, said, “Indonesia will have a crisis of engineers come 2025.” In the University of Indonesia, now out of 1 million students, only 164 are engineers, while “none of them ranks among the top global or even Asian universities” (senior economist Thee Kian Wie).

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ICRA Indonesia's Economic Review; an Update on the Macroeconomy - Indonesia Investments

ICRA Indonesia's Economic Review; an Update on the Macroeconomy - Indonesia Investments | Indonesia | Scoop.it

In ICRA Indonesia's Economic Review; an Update on the Macroeconomy
Indonesia Investments
Indonesian Economic and Financial Update ICRA Indonesia, an independent credit rating agency and subsidiary of ICRA Ltd.

Marina Fahim's insight:

In March Indonesia witnessed some inflation. In February of this year Indonesia ran a surplus in their trade balance due to less imports. The rupiah appreciated on March 28 of this year and now is at a rate of IDR 11,634 per USD. In March of 2013 the Rupiah was approximately $9727 (Online Currency Converter) . 

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Indonesia Reports Slowest Growth in 4 Years

Indonesia Reports Slowest Growth in 4 Years | Indonesia | Scoop.it
Indonesia’s economy grew less than 6 percent annually for the first time since 2009, the government said, amid a weak currency and higher rates.

Via Mr. David Burton
Marina Fahim's insight:

Right now the growth in Indonesia is the slowest the past three years. The economy growth grew last year at an annual rate of less than 6%. That's the first time since 2009. The slow growth is because of their poor currency, higher interest rates, and a current-account deficit. The domestic product growth in 2013 was 5.78% and the economy grew 4.6% since 2009.

Some factors influencing GDP growth is the tensions of the rupiah (Indonesian money) because the central bank forced the interest rate up too much. That lead to private sector to postpone investment. It's also because the decline in the importation of raw mats and machinery.

 

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Will Indonesia Suffer an Economic Meltdown? - Global Indonesian Voices

Will Indonesia Suffer an Economic Meltdown? - Global Indonesian Voices | Indonesia | Scoop.it
Global Indonesian Voices
Will Indonesia Suffer an Economic Meltdown?
Global Indonesian Voices
Southeast Asia has a relatively young population of 600 million and a growing middle class.
Marina Fahim's insight:

Indonesia's growth is mainly from domestic consumer spending. Indonesia exports a lot of raw material to China and if China's economic bubble bursts then it will affect the amount of exports from Indonesia that go to China

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