ID :
55301
Tue, 04/14/2009 - 10:17
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https://www.oananews.org//node/55301
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FINANCE MINISTER: RI STILL PROMISING FOR INVESTMENT
Jakarta, April 13 (ANTARA) - Finance Minister Mulyani Indrawati said Indonesia was actually quite stable in political, economic and security terms making it a promising place for investment.
With the situation and in view of its economic growth, Indonesia had a more positive image and reputation that other countries of the Association of Southeast Asian Nations (Asean), the minister said here Monday.
She said after a limited cabinet meeting at the presidential office Indonesia's economy was projected to still grow by up to 4.5 percent which was very good compared to that of other countries such as Singapore which grew minus five percent, Thailand minus two percent, Malaysia minus 0.2 percent. The Philippines meanwhile was projected to still grow by 2.5 percent.
"Among the five countries Indonesia still records the highest economic growth," she said.
She said China meanwhile was predicted to grow 6.5 percent while India five percent.
She said the country's economy which could still grow quite high and its political and security stability would certainly affect positively on capital inflow.
She also said the optimism of the country's businessmen to conduct expansion in addition to the declining tendency of interest rates would also give a positive impact.
Although in general the country's conditions are good, the minister said, investment still remains in the decline, growing only between five and 6.5 percent in the first quarter which is far lower than in 2008 which could grow double-digit between 10 and 13 percent. "So it has been corrected almost more than 50 percent," she said.
The drop in investment could also be seen from declining indicators of cement consumption and capital goods imports. "We are predicting there will indeed be a kind of correction on investment in the next 6 to 12 months. Therefore we think that the positive trend that I have mentioned before such as good economic stability and declining interest rate could still be affected by the negative impact of global economic slowdown and slumping exports," she said.
The minister predicted the country's economic growth in the year could reach 4.5 percent, in view of the growth in the first quarter of 2009 that was recorded at 4.3 to 4.8 percent.
With the situation and in view of its economic growth, Indonesia had a more positive image and reputation that other countries of the Association of Southeast Asian Nations (Asean), the minister said here Monday.
She said after a limited cabinet meeting at the presidential office Indonesia's economy was projected to still grow by up to 4.5 percent which was very good compared to that of other countries such as Singapore which grew minus five percent, Thailand minus two percent, Malaysia minus 0.2 percent. The Philippines meanwhile was projected to still grow by 2.5 percent.
"Among the five countries Indonesia still records the highest economic growth," she said.
She said China meanwhile was predicted to grow 6.5 percent while India five percent.
She said the country's economy which could still grow quite high and its political and security stability would certainly affect positively on capital inflow.
She also said the optimism of the country's businessmen to conduct expansion in addition to the declining tendency of interest rates would also give a positive impact.
Although in general the country's conditions are good, the minister said, investment still remains in the decline, growing only between five and 6.5 percent in the first quarter which is far lower than in 2008 which could grow double-digit between 10 and 13 percent. "So it has been corrected almost more than 50 percent," she said.
The drop in investment could also be seen from declining indicators of cement consumption and capital goods imports. "We are predicting there will indeed be a kind of correction on investment in the next 6 to 12 months. Therefore we think that the positive trend that I have mentioned before such as good economic stability and declining interest rate could still be affected by the negative impact of global economic slowdown and slumping exports," she said.
The minister predicted the country's economic growth in the year could reach 4.5 percent, in view of the growth in the first quarter of 2009 that was recorded at 4.3 to 4.8 percent.
