Economist: more stable than Indonesia Philippines

Ameidyo David

Sindonews.com – Chief Economist Danareksa Purbaya Yudhi Sadewa Institute, rate, decreased Indonesia's economic outlook by Standard Poors (S&P) & slightly less fair to compare Indonesia with the Philippines because Filipinos are relatively close to the market.

"A little less fair if Indonesia compared to the Philippines because they are close to the market and is well known by the market," he said in a Kemenko Economy, Jakarta, on May 3, 2013.

However, he continued, when compared in terms of stability especially politics, Indonesia is much better compared to the neighboring countries of ASEAN.

"But judging from political stability, there still exists the armed forces bring-carry weapons, even entry into Malaysia. If there's already much safer than that. In a much different situation with the Philippines, we are far more stable, "pungkasnya.

As is known, the S&P Rating Service rating agency lowered the prospects of Indonesia be stable from positive. Indonesia votes have wasted the momentum to go up the rankings.

(izz)

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The Government is optimistic the debt rating of INDONESIA can be fixed

Izzudin

Sindonews.com -the Government is optimistic the prospects of Indonesia's debt rating drop from rating agency Standard Poor's (S&P) & from positive to stable votes can still be fixed, one of them with healthy fiscal Indonesia.

As coordinating Minister for the economy delivered while Executing tasks (Plt) Finance Minister, Hatta Radjasa has been elected as quoted from the official website of the Ministry of finance, Thursday (4/5/2013).

According to him, it happened because of the Government's policy in S&P highlighted the problems of fuel oil (FUEL) and budget deficits as well as subsidized trade.

Therefore, the Government has a duty to seek the Bank's fiscal. "It (the decline) rather reserved policy of subsidies, because we've got a four-year roadmap to reduce subsidies. We're talking about it, "he said.

For information, S&P revised the Outlook for Indonesia's debt to stable from positive. S&P stated that the position of the rating is supported by strong economic growth in the past decade, prudent fiscal management, and low government debt burden.

However, the S&P rate improvement momentum for too long, while the potential for an increase in rating has been reduced.

(izz)

Finance; Investment; Business; Economics

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Indonesia should be the parameter for kakao pricing

Finance Info -After the cocoa futures contract traded on exchanges of Jakarta Futures Exchange (JFX), as much as 80 percent of the production of cocoa beans has now absorbed the cocoa processing industry in the country.

This as the industrial revolution for Indonesia, where Cocoa is the only commodity that many are exported in the form of semi-finished or has been processed into powder chocolate and butter.

Indonesia's cocoa prices up from 22,500 Rp20 thousand to Rp since traded on JFX. In fact, had a record rise to Rp24 thousands in September 2012. This increase has raised farmers ' income over the last year and make the farmers get the certainty of the selling price at harvest.

Unfortunately, many traders in Indonesia's cocoa using price New York Stock Exchange and the London Stock Exchange (price taker). In fact, America and Europe is not a country of cocoa producers, but the world's largest cocoa pengonsumsi (consumer market).

Director of the JFX, M Bihar Milky Wibowo said, it is time the farmers Indonesia using a reference price of cocoa in the JFX as price maker.

"Although there is no percentage is, many perpetrators of cocoa that use foreign exchange reference rates. In fact, the consumer market has always resulted in low prices. Whereas transactions in Exchange Indonesia is more profitable, "he said on the sidelines of a Gathering of Makassar Cocoa held JFX di Hotel Grand Clarion Makassar, Wednesday (1/5/2013).

According to him, the foreign exchange transaction risk. In addition to the price of a currency, the US dollar, the currency fluctuation is also quite risky.

"But the current interest in trading on exchanges Indonesia have started to grow along a high volume of transactions. Just does not seleruhnya. For example, Malaysia's CPO only 90 percent of the perpetrators of Indonesia. If this be withdrawn, it is incredible, "he said.

Meanwhile, the Chairman of General Zulhefi Sikumbang, Askindo said, the Government's role in encouraging domestic industry is urgently needed. In fact it would cast a letter to the Ministry to require idustri of the Interior shows the active transactions on a monthly basis.

"JFX there is enormous. Moreover, 80 percent of the industry is foreign ownership. Could be just the next 10 years 100 per cent foreign ownership if the Government did not take on the role. We want to determine the price, "explained Zulhefi.

(izz)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Hatta: Indonesia need a oil refinery

Ameidyo David

Finance Info -Economy Coordinating Minister Hatta Rajasa, said, building an oil refinery is panting. Although relatively expensive, but it is to reduce FUEL imports that already too much.

"It is clear that not only build a refinery we see from the economic side because if the economy we can get stuck that imports are cheaper. Wrong to think like that, "he said in Jakarta, Thursday (29/4/2013).

According to Hatta, the country needs to supply security and build a refinery would mean strategically in reducing import tax, although large refineries.

"One time we could have had the money but goods baseball there. Therefore build a refinery had its own strategic sense for us. The tax is likely to be a shock, but we are a little inflated, PNBP "he said.

To achieve this, it will give you an incentive. But on the other hand government spending which is exactly not binding of Rp30 billion will be reduced.

"We see according to keekonomiannya later, the bottom line we give incentives. But on the other hand, this is where the importance of making savings on shopping, but not capital spending, but the shopping-Shopping that really are not binding. For example, Home Office and Office wake up it could be postponed. Including a trip too. Target pemotongannya about Rp30 billion, "Frank Hatta.

(izz)

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The World Bank predicted economic growth of INDONESIA only 6.2%

Giri Prakosa

Sindonews.com -the World Bank through the World Bank estimates Indonesia's economic growth of Indonesia in 2013 will be at a 6.2 percent rate, or slightly lower than last year's estimate of 6.3 percent. But in 2014, the World Bank projected that Indonesia's economic growth will reach 6.5 percent.

Sector Manager of the World Bank Lead Economist & Indonesia, Jim Brumby said Indonesia's economic growth is still strong compared to that trading partner countries. However, increasing pressure for Indonesia.

He mentioned, the source of pressure on Indonesia's economy slowed the pace of investment, among others, the potential implications of slowing sales growth in nominal GDP and real, external balance sheet trends, the burden of FUEL subsidies, and reduced the rate of poverty reduction slowed.

"With a variety of pressure on economy, poverty reduction targets Indonesia could miss up to 1-2 people, equivalent to about 2-3 million," Brumby said in a quarterly report released today, Monday (18/3/2013).

He mentioned, inefficient government spending is still so big problem for Indonesia, especially the amount of allocation for energy subsidies, especially Fuel (BBM).

Despite increasing pressure increases, the Brumby optimistic Indonesia's economy could continue to go up with an appropriate policy response. That needs to be done to increase investment in Indonesia, according to him, is the certainty of policy and regulatory framework improvements.

While investment is also needed to improve their hard work to overcome the challenges in the field of infrastructure investment. In terms of trade, according to the World Bank, the economy of Indonesia needs to focus more on increasing the competitiveness and not import restrictions.

Brumby also mentions, Indonesia should take advantage of its position as the country with the fastest urbanization rates to boost economic growth.

(gpr)

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Indonesia Pavilion in Switzerland many visitors

Michael Augustine -Sindonews

Sindonews.com -MUBA organized the Exhibition 2013 in Basel, Switzerland, officially opened on Friday (22/2). Indonesia as the Guest Country at the exhibition held from 22 February to 3 March 2013 featuring a variety of products, culture and cuisine, as well as presenting an investment opportunity to the people of Switzerland.

On the first day of the exhibition, Indonesia Pavilion was visited by about 5,000 visitors.

"The enthusiasm of visitors showed that Indonesia's products and culture has a strong appeal. This is an opportunity for us to promote the Nation Branding Indonesia to the people of Europe, "said Director General of the national export Development Gusmardi Bustami in his remarks in Jakarta, Sunday (23/2/2013).

Indonesia Pavilion occupies an exhibition area covering an area of 2,000 square meters and was built with special design with carrying the theme of "Remarkable Indonesia". Indonesia Pavilion featuring furniture, home decorating, crafts, fashion and jewelry.

Gusmardi explained that Switzerland is one of the potential market for Indonesia. "Gross domestic Income (GDP) per capita is the largest of Switzerland to form 15 in the world, namely USD43,3 thousands," he added.

Indonesia-agricultural trade balance showed a deficit of Switzerland trade to Indonesia. Hope the presence in Indonesia Gusmardi exhibition MUBA this time can reduce the deficit for Indonesia, and balance of trade of the two countries.

As a side note, Indonesia trade deficit against Switzerland continued to increase in recent years. By 2011, the value of Indonesia's exports to Switzerland only USD123,6 million, whereas imports from Switzerland USD623,9 or USD500,2 million deficit occurred.

Indonesia trade deficit of Switzerland respectively from 2008 until 2010 was USD141,1 million, USD259,1 million and USD293,7 million.

(rna)

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Finance; Investment; Business; Economics