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Archives: Economic Growth

MSME needs Rp. 60,4 trillion to meet 60% growht’s

To increase the Micro, Small and Medium Enterprises (MSME) industry around 60 percent growth’s for this year (2008), the government has plan that our banking industry will support its lending targets around Rp. 60,4 trillion.  This amount also has approved by the banks with some condition for this prospectives sector.  One of the main reasons for banks [...]

Our export figures in the first quartal 2008, reached 31,7%

The Central Statistic Agency (BPS) has reporting that Indonesia’s exports climbed to US$33.6 billion in the first quarter of 2008 from US$25.5 billion in the same period last year (www.bps.go.id).  Oil and gas exports in the first three months of 2008 reached $7.3 billion, or a 61.8% increase compared to the same period last year.  A resources-based [...]

2008, our banking’s growht will be increasing

Althought the global economic has drop, but as per news from Germany, in 2008, banking system in Asia region will be growht and increasing persistantly. The growht of banking system in Asia region also supported by increasing of credit growht and actual interest rate in this year.   The lower interest rate will be impactly the consument [...]

“Progressive tariff” for export duties CPO

Chairman of Palm Oil Association (GAPKI), Derom Bangun, expected and optimistic to increase the export of Crude Palm Oil (CPO) this year by around 27 percent, although the  government begin to implementing the new tariff for export duties of CPO.  In 2007, Indonesia was exported around 11 million tons of CPO, a drop of 9 percent [...]

Centul City will be join with overseas company

PT Sentul City Tbk, has agree to join with Government Corporation in China which focus on trading and property area, China Poly Group. They will be commit to develop some residential projects and also for commercial projects.  China Poly Group who representative by theirs Strategic Business Unit in Hongkong, has agree to joint with Sentul City [...]

Government decreasing the economic growth 2008 become to 6,4%

In line with the global economic slowdown currently, Indonesia would be revise its economic growth expectation down from 6.8 percent become to 6.4 percent in the 2008 budget revision.  According  to President Soesilo Bambang Yudhoyono (SBY), global oil prices, which currently above US$ 90 per barrel, could cause the government’s subsidies for oil-based fuel and electricity [...]

Indonesia, the fourth rangking for investment country in the world

After success to move the economic growth become to 6,3 percent at the last year, Government of Indonesia become to a fourth rangking and very interested country for foreign investor in the world to invest their money in here.   Chew Soon Gek, chief investment officer of Deutsche Bank, said that Indonesia’s position with 54.1 percent [...]

West Java, Indonesia Festival 2008 in Melbourne

Indonesia General Consulat in Melbourne, Australia, Budiarman Bahar said that for this year (2008), West Java will become to central topic for Indonesia Festival. On this moment, Indonesia will have an opportunities to promoting the art, tourism, trading and also investment sector (www.antara.co.id).  This activity has done by Indonesia General Consulat since 2005, and still continue [...]

Inflation for 2007 was increase become to 6,4 percent

Asumption target an economic macros for inflation on this year (2007) which predicted around 6 percent will be not reaching by Goverment of Indonesia. The inflation for this year will be more high than prediction around 0,4 percent. For this year (2007) our inflation has increasing become to 6,4 percent.  The increasing of inflation, caused by [...]

In 2008, Citibank will be growing up to 20%

If until the end of the year 2007, our economic growth can be reaching to the amont 6.5 percent, Citibank believes that their business in Indonesia has targeted will be growing up to 15-20 percent (www.okezone.com).  Refer to Non Performing Loan (NPL) of credit card sector in Citibank, Country Business Manager for Indonesia, Shariq Mukhtar, said [...]

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