Category Archives: economy

Indonesia Exposure to Global Risk is Limited: IMF

Jakarta Globe, July 21, 2011

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Indonesiafaces limited exposure to a large exit of foreign capital at a time of globalrisk aversion due to strong fundamentals and relatively low dependence onexternal demand, the IMF said on Thursday.
TheInternational Monetary Fund cited the country’s strong export growth, includingin manufacturing, and said the continued flexibility of the rupiah’s exchangerate would help protect against volatile cash inflows.
Thecomments come as Indonesia’s central bank tries to cap huge inflows of foreigncash from investors seeking higher interest rates than in the West, which itfears could trigger economic instability.
“IndonesianGDP growth is projected to remain robust at around 6.5 percent in 2011–12,”the IMF said in a statement following a consultation with Indonesian officialsand central bankers.
“Increasesin both foreign and domestic investment are supporting growth, whileaccelerating credit growth and expected reductions in energy subsidies shouldpush core inflation modestly higher this year and into 2012,” it said.
The fundalso urged Indonesia to reduce fuel subsidies so that it could boost spendingon infrastructure and social welfare.
IMF,however, said there was a risk of higher inflation if the government cut energysubsidies, and that the central bank would need to “act decisively” if thegovernment took that course.
Agence France-Presse

Foreign Direct Investment in Indonesia Up 21% in Q2

Jakarta Globe, July 21, 2011

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Foreigndirect investment in Indonesia rose 21 percent in the second quarter of 2011from a year ago, as strong commodity prices attracted investors into the miningsector, the government said on Thursday.
FDI fromApril to June was Rp 43.1 trillion ($5 billion), which followed $4.6 billion offoreign investment in the first quarter, the country’s investment board (BKPM)said.
This tookFDI in the first six months to just short of a half of its full year target fora record Rp 156 trillion this year. Last year foreign investment into Indonesiareached a record Rp 148 trillion.
SoutheastAsia’s largest economy has been a hot destination for foreign investors in thepast two years due to its resilient economic growth, abundant resources,emerging middle class and political stability.
Reuters

RI posts record historical exports value in May

The Jakarta Post, Jakarta | Fri, 07/01/2011
Indonesia recorded a “historical” combined export value in May, totaling US$18.33 billion, an increase of 45.29 percent compared with May last year, the Central Statistics Agency (BPS) reported Friday.
“This is a new record for exports, compared with the December 2010 figure, which stood at US$16.83 billion,” BPS head Rusman Heriawan told a press conference at his office in Jakarta.
Cumulatively, Indonesia’s exports values in the January-May period reached $80.28 billion, an increase of 33.37 percent from the same period in 2010.
Rusman said the increase was attributable to the increases in both oil and gas and non-oil and gas exports.
“[In May 2011] non-oil and gas exports reached US$14.22 billion and oil and gas exports US$4.11 billion,” he said, as quoted by tempointeraktif.com.
Rusman added that coal and vegetable oil contributed the most to the increase in the non-oil and gas exports.
He also said that China was the top destination for non-oil and gas exports, followed by Japan and the US.
“The total value of exports to China was US$1.81 billion, to Japan $1.53 billion and the US $1.32 billion,” Rusman said.

RI posts record historical exports value in May

The Jakarta Post, Jakarta | Fri, 07/01/2011
Indonesia recorded a “historical” combined export value in May, totaling US$18.33 billion, an increase of 45.29 percent compared with May last year, the Central Statistics Agency (BPS) reported Friday.
“This is a new record for exports, compared with the December 2010 figure, which stood at US$16.83 billion,” BPS head Rusman Heriawan told a press conference at his office in Jakarta.
Cumulatively, Indonesia’s exports values in the January-May period reached $80.28 billion, an increase of 33.37 percent from the same period in 2010.
Rusman said the increase was attributable to the increases in both oil and gas and non-oil and gas exports.
“[In May 2011] non-oil and gas exports reached US$14.22 billion and oil and gas exports US$4.11 billion,” he said, as quoted by tempointeraktif.com.
Rusman added that coal and vegetable oil contributed the most to the increase in the non-oil and gas exports.
He also said that China was the top destination for non-oil and gas exports, followed by Japan and the US.
“The total value of exports to China was US$1.81 billion, to Japan $1.53 billion and the US $1.32 billion,” Rusman said.

RI posts record historical exports value in May

The Jakarta Post, Jakarta | Fri, 07/01/2011
Indonesia recorded a “historical” combined export value in May, totaling US$18.33 billion, an increase of 45.29 percent compared with May last year, the Central Statistics Agency (BPS) reported Friday.
“This is a new record for exports, compared with the December 2010 figure, which stood at US$16.83 billion,” BPS head Rusman Heriawan told a press conference at his office in Jakarta.
Cumulatively, Indonesia’s exports values in the January-May period reached $80.28 billion, an increase of 33.37 percent from the same period in 2010.
Rusman said the increase was attributable to the increases in both oil and gas and non-oil and gas exports.
“[In May 2011] non-oil and gas exports reached US$14.22 billion and oil and gas exports US$4.11 billion,” he said, as quoted by tempointeraktif.com.
Rusman added that coal and vegetable oil contributed the most to the increase in the non-oil and gas exports.
He also said that China was the top destination for non-oil and gas exports, followed by Japan and the US.
“The total value of exports to China was US$1.81 billion, to Japan $1.53 billion and the US $1.32 billion,” Rusman said.

RI posts record historical exports value in May

The Jakarta Post, Jakarta | Fri, 07/01/2011
Indonesia recorded a “historical” combined export value in May, totaling US$18.33 billion, an increase of 45.29 percent compared with May last year, the Central Statistics Agency (BPS) reported Friday.
“This is a new record for exports, compared with the December 2010 figure, which stood at US$16.83 billion,” BPS head Rusman Heriawan told a press conference at his office in Jakarta.
Cumulatively, Indonesia’s exports values in the January-May period reached $80.28 billion, an increase of 33.37 percent from the same period in 2010.
Rusman said the increase was attributable to the increases in both oil and gas and non-oil and gas exports.
“[In May 2011] non-oil and gas exports reached US$14.22 billion and oil and gas exports US$4.11 billion,” he said, as quoted by tempointeraktif.com.
Rusman added that coal and vegetable oil contributed the most to the increase in the non-oil and gas exports.
He also said that China was the top destination for non-oil and gas exports, followed by Japan and the US.
“The total value of exports to China was US$1.81 billion, to Japan $1.53 billion and the US $1.32 billion,” Rusman said.

RI posts record historical exports value in May

The Jakarta Post, Jakarta | Fri, 07/01/2011
Indonesia recorded a “historical” combined export value in May, totaling US$18.33 billion, an increase of 45.29 percent compared with May last year, the Central Statistics Agency (BPS) reported Friday.
“This is a new record for exports, compared with the December 2010 figure, which stood at US$16.83 billion,” BPS head Rusman Heriawan told a press conference at his office in Jakarta.
Cumulatively, Indonesia’s exports values in the January-May period reached $80.28 billion, an increase of 33.37 percent from the same period in 2010.
Rusman said the increase was attributable to the increases in both oil and gas and non-oil and gas exports.
“[In May 2011] non-oil and gas exports reached US$14.22 billion and oil and gas exports US$4.11 billion,” he said, as quoted by tempointeraktif.com.
Rusman added that coal and vegetable oil contributed the most to the increase in the non-oil and gas exports.
He also said that China was the top destination for non-oil and gas exports, followed by Japan and the US.
“The total value of exports to China was US$1.81 billion, to Japan $1.53 billion and the US $1.32 billion,” Rusman said.

RI posts record historical exports value in May

The Jakarta Post, Jakarta | Fri, 07/01/2011
Indonesia recorded a “historical” combined export value in May, totaling US$18.33 billion, an increase of 45.29 percent compared with May last year, the Central Statistics Agency (BPS) reported Friday.
“This is a new record for exports, compared with the December 2010 figure, which stood at US$16.83 billion,” BPS head Rusman Heriawan told a press conference at his office in Jakarta.
Cumulatively, Indonesia’s exports values in the January-May period reached $80.28 billion, an increase of 33.37 percent from the same period in 2010.
Rusman said the increase was attributable to the increases in both oil and gas and non-oil and gas exports.
“[In May 2011] non-oil and gas exports reached US$14.22 billion and oil and gas exports US$4.11 billion,” he said, as quoted by tempointeraktif.com.
Rusman added that coal and vegetable oil contributed the most to the increase in the non-oil and gas exports.
He also said that China was the top destination for non-oil and gas exports, followed by Japan and the US.
“The total value of exports to China was US$1.81 billion, to Japan $1.53 billion and the US $1.32 billion,” Rusman said.

RI posts record historical exports value in May

The Jakarta Post, Jakarta | Fri, 07/01/2011
Indonesia recorded a “historical” combined export value in May, totaling US$18.33 billion, an increase of 45.29 percent compared with May last year, the Central Statistics Agency (BPS) reported Friday.
“This is a new record for exports, compared with the December 2010 figure, which stood at US$16.83 billion,” BPS head Rusman Heriawan told a press conference at his office in Jakarta.
Cumulatively, Indonesia’s exports values in the January-May period reached $80.28 billion, an increase of 33.37 percent from the same period in 2010.
Rusman said the increase was attributable to the increases in both oil and gas and non-oil and gas exports.
“[In May 2011] non-oil and gas exports reached US$14.22 billion and oil and gas exports US$4.11 billion,” he said, as quoted by tempointeraktif.com.
Rusman added that coal and vegetable oil contributed the most to the increase in the non-oil and gas exports.
He also said that China was the top destination for non-oil and gas exports, followed by Japan and the US.
“The total value of exports to China was US$1.81 billion, to Japan $1.53 billion and the US $1.32 billion,” Rusman said.

RI posts record historical exports value in May

The Jakarta Post, Jakarta | Fri, 07/01/2011
Indonesia recorded a “historical” combined export value in May, totaling US$18.33 billion, an increase of 45.29 percent compared with May last year, the Central Statistics Agency (BPS) reported Friday.
“This is a new record for exports, compared with the December 2010 figure, which stood at US$16.83 billion,” BPS head Rusman Heriawan told a press conference at his office in Jakarta.
Cumulatively, Indonesia’s exports values in the January-May period reached $80.28 billion, an increase of 33.37 percent from the same period in 2010.
Rusman said the increase was attributable to the increases in both oil and gas and non-oil and gas exports.
“[In May 2011] non-oil and gas exports reached US$14.22 billion and oil and gas exports US$4.11 billion,” he said, as quoted by tempointeraktif.com.
Rusman added that coal and vegetable oil contributed the most to the increase in the non-oil and gas exports.
He also said that China was the top destination for non-oil and gas exports, followed by Japan and the US.
“The total value of exports to China was US$1.81 billion, to Japan $1.53 billion and the US $1.32 billion,” Rusman said.