LATE SURGE LIFTS 2009 GDP PAST FORECAST

LATE SURGE LIFTS 2009 GDP PAST FORECAST


Ardian Wibisono & Muhammad Al azhari
Jakarta Globe Thursday,February 11,2010


Indonesia posted full-year economic growth of 4.5 percent in 2009, slightly higher than the goverment’s forecast, thanks to better-than-expected exports and resilient consumer spending, the central statistic agency said on Wednesday.
The news was welcomed by finance minister Sri Mulyani Indrawati and Hatta Rajasa, the coordinating minister for the economy.
“for sure, the 4.5 percent growth is higher than what the goverment had been projecting at the 4.3 percent. This shows that growth in the fourth quarter was remarkably strong,” Sri Mulyani said.
Indonesia posted year-on year growth of 5.4 percent in the fourth quarter, according to the statistic agency also known as the BPS. That was stonger than the 4.4 percent average prediction from a survey of economists by the jakarta globe.
Fourt-quarter GDP growth was the highest since the third quarter of 2008, when the economy expended by 6.25 percent according to revised data from BPS.
“this will be our basis for reviewing the supporting factors that helped our economy” Sri Mulyani said.
Hatta said that goverment would look to futher stimulate investment, address botle-neck problems and stoke the economy with infrastructure projects.
Indonesia coped better than neightboring economies during the global slowdown because it relies less on exports and consumer spending was boosted by the elections and the goverment’s fiscal stimulus package, said slamet sutomo deputy to the head of the BPS.
“Indonesia is not like singapore. Their economy is 100 percent reliant on exports, so when the global crisis occured, singapore immadiately collapsed” slamet said.
Gundy cahyadi an economist from IDEAGlobal in singapore, sid: “Data came in strong, which is positive for sentiment on the economy, but the modest reaction in market seems to indicate that the market is still very much focused on external rather than domestic forces.”
In 2009 indonesia’s non oil and gas exports totaled $ 97.5 billion, a 9.7percent decline from 2008. The figure was still better than most forecast. Early in the year it was widely predicted exports would plunge 10 percent to 15 percent as a result of the global downturn. In 2008 exports grew 4.9 percent in 2009 from a year ago, slowling slightly from the 5.34 percent pace in 2008. Consumption accounted for 58.6 percent of the country’s gross domestic product in 2009 compared with 60.6 percent in 2008. Exports accounted for 24.1 percent of GDP down from 29.8 percent in 2008. Investment made up 31.1 percent up from 27.7 percent and the contribution from state spending inreased to 9.6 percent from 8.4 percent in 2008.

Berkembangnya Restoran-Restoran Cepat Saji

Berkembangnya Restoran-Restoran Cepat Saji

Oleh: Eta Novita


Sekarang ini persaingan bisnis di bidang pangan sangatlah pesat, banyak entrepreneur yang membuka restoran-restoran dari yang berskala kecil hingga berskala besar. Namun usaha yang sangat pesat ialah restoran-restoran yang menyajikan makanan cepat saji. Dapat dilihat pada setiap pusat perbelanjaan sangatlah banyak restoran yang berkonsep makanan cepat saji. Konsepnya pun beragam terdiri dari restoran cepat saji yang menyajikan makanan ala western food seperti fried chicken, hamburger, sandwich. Italian food seperti spaghetti, lasagne, macaroni. Dan juga ala japannese food seperti ebi katsu, tempura, teriyyaki dan lain-lain.
Tetapi justru makanan cepat saji tersebut yang sangat diminati oleh konsumen. Itu semua dapat dilihat dari banyaknya customer yang lebih memilih mendatangi restoran cepat saji dibandingkan restoran lain. Dapat dimaklumi mengapa konsumen lebih menyukai untuk mendatangi retoran cepat saji yaitu adalah karena harga yang ditawarkan oleh restoran cepat saji lebih murah, selain itu pada restoran cepat saji biasanya menawarkan makanan berupa paket-paket yang tentunya sangat menarik sehingga konsumen lebih suka memilih menu paket yang ditawarkan oleh restoran cepat saji tersebut.
Walaupun sebenarnya rasa maupun kualitas dari makanan tersebut sangatlah berbeda dengan makanan yang bukan dari restoran yang berkonsep cepat saji. Tetapi itu semua tidak menjadi alasan untuk tidak membeli makanan dari restoran cepat saji. Permintaan konsumen untuk makanan cepat saji sangatlah besar sehingga bertambah banyaknya restoran-restoran yang berkonsep menyajikan makanan cepat saji. Banyaknya permintaan sehingga timbul pula penawaran yang ikut pula berkembang pesat.
Banyaknya minat konsumen untuk lebih memilih makanan cepat saji pun kembali lagi kepada kondisi ekonomi masyarakat yang berpendapatan cukup, sehingga minat atau keinginan untuk membeli makanan cepat saji lebih tinggi karena dilihat dari segi harga yang jauh lebih murah dan ditawarkan dengan berbagai macam paket-paket yang lebih ekonomis.
Oleh sebab itu lah restoran yang menyajikan makanan cepat saji sangat berkembang pesat karena minat konsumen pun tinggi atas makanan tersebut. Konsumen dapat menikmati makanan dengan ala dari luar negri yaitu western, italian, japanesse food dan lain-lain.

INVESTMENT PRODUCT BANNED FOR NOW

INVESTMENT PRODUCT BANNED FOR NOW


Yohannes Obor
Jakarta Globe Friday,February 19,2010

The capital market and financial Institutions SupervisorAagency on Thursday ruled that fund managers are no longer allowed to raise public money via discretionary funds until a regulation governing the investment product is enacted in march.
Djoko Hendratto, head of investment management at the agency which is known as Bapeppam-LK, said existing discretionary funds would have to adaptance the regulation was issued.
“we are still drafting rules on bilateral and collective funds management contracts. Once the rules are issued, the issuance of traditional bilateral and collective funds management contracts will be prohibited,” Djoko told the jakarta globe on Thursday.
A discretionary fund is a two party investment contract between a fund manager and an individual customer. Bapepam-LK has not regulated this business as the transaction only involves two parties.
However recent cases of alleged fraud caused cusromer to suffer multitrillion-rupiah losses, prompting Bapepam-LK to draft a reglulation on discretionanry funds.
One such scandal involvedPT Antaboga Delta Securitas, an affiliate of the former PT Bank Century, whose customer lost up to Rp 2.5 trillion.
Djiko earlier said that under the planned regulation, investment managers will be requaired to separate discretionary funds between customers’ accounts and the accounts of investment managers and put the customers’ funds in custodian banks.
Investment managers are also requaired to offer bilateral investments contract in a certain nominal value, as discretionary funds impose higher risk than investments in mutual funds, he said.

UBS says Indonesia's economic growth to reach 6 percent in 2010, 2011

JAKARTA, Oct. 28, 2009 (Xinhua News Agency) -- Spurred by strong domestic demands, increasing government spending and presumed-stable security and political condition, Indonesian economic growth would reach 6 percent in 2010 and 2011, UBS (NYSE:UBS) said on Wednesday. 28, 2009 (Xinhua News Agency) - spurred by strong domestic demands, increasing government spending and Presumed-stable security and political condition, Indonesian economic growth would reach 6 percent in 2010 and 2011, UBS (NYSE: UBS) said on Wednesday.

Speaking in a session to convey his outlook on Indonesia's economy in 2010, Edward Teather, the UBS Executive Director and Senior Economist at Singapore-based UBS ASEAN Research office, said that Indonesia's growth forecast is based on improving confidence along with the pro-growth policies on the part of President Susilo Bambang Yudhoyono who was re-elected. Speaking in a session to Convey his outlook on Indonesia's economy in 2010, Edward Teather, the UBS Executive Director and Senior Economist at UBS Singapore-based ASEAN Research Office, said that Indonesia's growth forecast is based on improving confidence along with the pro-growth policies on the part of President Susilo Bambang Yudhoyono who was re-elected.

"We expect Indonesia to record a less exciting, but relatively stable, economic growth profile through 2011," the senior analyst at the Swiss-based financial and investment institution said. "We expect Indonesia to record a less exciting, but Relatively stable, economic growth profile through 2011," the senior analyst at the Swiss-based financial and investment institution said.

He added that Indonesia's improving economic growth in the following years would be greatly affected by the global economy that started to be recovered from the crisis that has been lingering since late last year. He added that Indonesia's improving economic growth in the following years would be greatly affected by the global economy that started to be recovered from the crisis that has been lingering since late last year.

On the part of Indonesia, the economic recovery has been starting in the last few months with indicators seen in the increasing sales of motorcycles, household electricity and cements in domestic market, Edward added. On the part of Indonesia, the economic recovery has been starting in the last few months with indicators seen in the increasing sales of motorcycles, household electricity and cements in domestic market, added Edward.

With less dependence on export, he said that Indonesian economic growth would be one of the highest in Asian economies other than China and India, the two Asia's emerging economy countries. With less dependence on exports, he said that Indonesian economic growth would be one of the highest in Asian economies other than China and India, the two of Asia's emerging economy countries.

Furthermore Edward estimated that Indonesia's Gross Domestic Product (GDP) growth would reach 4 percent this year and continue to be increasing up to 5.3 percent in 2010. Furthermore Edward estimated that Indonesia's Gross Domestic Product (GDP) growth would reach 4 percent this year and continue to be increasing up to 5.3 percent in 2010.

Apart from that, the UBS senior analyst estimated that Indonesia's inflation rate on Consumer Price Index (CPI) basis would reach at a range of 4 to 6 percent in 2010 at the latest, with regular inflation would increase from 2.4 in September this year to 7 percent by the end of 2010. Apart from that, the UBS senior analyst estimated that Indonesia's inflation rate on Consumer Price Index (CPI) would reach base at a range of 4 to 6 percent in 2010 at the latest, with the regular inflation would increase from 2.4 in September this year to 7 percent by the end of 2010.
(Source: iStockAnalyst ) (Source: iStockAnalyst)

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Why Indonesia's Economy and ETF May See Higher Growth

September 19, 2009 at 1:00 am by Tom Lydon
Indonesia is doing something right and its economy, as well as its related exchange traded fund (ETF), may produce higher-than-expected growth in the coming years.

High spending on legislative and presidential elections along with increases in government expenditure disbursements allowed the World Bank to revise projections for Indonesia's growth this year upward to 4.3% from 3.5%, reports Aditya Suharmoko for The Jakarta Post . High spending on legislative and presidential elections along with increases in government expenditure disbursements allowed the World Bank to revise projections for Indonesia's growth this year upward to 4.3% from 3.5%, reports Aditya Suharmoko for The Jakarta Post.

The World Bank estimates Indonesia's economy will reach 5.4% growth in 2010, while the Indonesian government is shooting for a 5.5% growth target for 2010. The World Bank estimates Indonesia's economy will reach 5.4% growth in 2010, while the Indonesian government is shooting for a 5.5% growth target for 2010.

Indonesia's domestic market and its low reliance on exports allowed the economy to dodge the full force of the global financial crisis. Indonesia's domestic market and its low reliance on exports allowed the economy to dodge the full force of the global financial crisis. The country also has a strong banking sector and sound macroeconomic management. The country also has a strong banking sector and sound Macroeconomic management.

The Indonesian government is continuing to disburse its stimulus, which is driving up domestic demand, a key factor in the country's economic growth. The Indonesian government is continuing to disburse its stimulus, which is driving up domestic demand, a key factor in the country's economic growth. The government believes deficit will run at 2.4% of GDP for 2009, while the World Bank forecasts a 2.2% GDP deficit. The government believes will run deficit at 2.4% of GDP for 2009, while the World Bank forecasts a 2.2% GDP deficit.

* Market Vectors Indonesia ETF (NYSEArca: IDX ) : up 34.5% in the last three months Indonesia Market Vectors ETF (NYSEArca: IDX): up 34.5% in the last three months

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Indonesia's improving economic condition. (FOCUS) (Statistical data)

The global economic condition has shown sign of recovery. Indonesia will also gain from the revival of the world economy allowing the country to increase exports. Indonesia will also gain from the revival of the world economy of allowing the country to increase exports. Bank Indonesia is optimistic the country's economy will grow higher than previously expected in 2009 and 2010. Bank Indonesia is optimistic the country's economy will grow higher than previously expected in 2009 and 2010. In 2009, the country's economy is forecast to grow 4%-4.5% or higher than previous estimate of 3.5%-4%. In 2009, the country's economy is forecast to grow 4% -4.5% or higher than previous estimate of 3.5% -4%. In 2010, the economy is forecast to expand 5%-5.5%. In 2010, the economy is forecast to expand 5% -5.5%.

The trend is also indicated by growing domestic consumption and exports in the third quarter of 2009. The trend is also indicated by growing domestic consumption and exports in the third quarter of 2009. Increase was recorded in the exports of coal, crude palm oil and copper. Increase was recorded in the exports of coal, crude palm oil and copper. Domestic demand rose as indicated by increase in retail sales. Domestic demand rose as indicated by increase in retail sales.

Domestic demand Domestic demand

Increase in domestic demand is indicated by 4.8% growth of... Increase in domestic demand is indicated by 4.8% growth of ...

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Euro Zone Economic Needs Stronger Management: Draghi

By Gavin Jones

ROME (Reuters) - The fragility of the euro zone economy and public finances underline the need to extend and strengthen euro-wide economic management, European Central Bank Governing Council Member Mario Draghi said on Saturday. ROME (Reuters) - The fragility of the euro zone economy and public finances underline the need to extend and strengthen the euro-wide economic management, the European Central Bank Governing Council member Mario Draghi said on Saturday.

"The euro is solid," Draghi told a gathering of market operators in Naples," but he called on the EU to extend and reform its economic structures "with the same vigor it devoted over the years to consolidating government budgets." "The euro is solid," Draghi told a gathering of market operators in Naples, "but he called on the EU to extend and reform its economic structures" with the same Vigor it over the years devoted to consolidating government budgets. "

Draghi said investors will buy new securities issued by Greece, whose debt crisis has roiled markets in recent weeks, so long as the government "adjusts its budget with determination, with careful monitoring by the European Commission and the ECB." Draghi said investors will buy new securities issued by Greece, whose debt crisis has roiled markets in recent weeks, so long as the government "adjusts its budget with determination, with careful monitoring by the European Commission and the ECB."

More broadly, he said all governments should spell out how they plan to rein in budget deficits and debt levels which surged during the recession of 2008 and the first half of 2009. More broadly, he said all governments should spell out how they plan to rein in budget deficits and debt levels, which surged during the recession of 2008 and the first half of 2009.

The euro zone economic recovery is fragile and there are no medium-term inflation risks, said Draghi, who is also Bank of Italy governor and president of the Financial Stability Board. The euro zone economic recovery is fragile and there are no medium-term inflation risks, said Draghi, who is also the Bank of Italy governor and president of the Financial Stability Board.

Euro zone inflation will rise only slightly from January's 1 percent rate and "no medium-term risk of inflation has emerged." Euro zone inflation will rise only slightly from January's 1 percent rate and the "no medium-term risk of inflation has emerged."

The benign price outlook, however, is accompanied by a faltering economic recovery in the 16-nation bloc, said Draghi, who is tipped as a possible successor to ECB chief Jean-Claude Trichet when Trichet's term expires in November 2011. The benign price outlook, however, is accompanied by a faltering economic recovery in the 16-nation bloc, said Draghi, who is tipped as a possible successor to ECB chief Jean-Claude Trichet when Trichet's term expires in November 2011.

"The return to growth is fragile, particularly in the euro area," Draghi said. "The return to growth is fragile, in particularly the euro area," Draghi said.

The euro zone economy grew by just 0.1 percent in the last quarter of 2009, data showed on Friday, slowing sharply from the 0.4 percent rate posted in the previous three months. The euro zone economy grew by just 0.1 percent in the last quarter of 2009, data showed on Friday, Slowing sharply from the 0.4 percent rate posted in the previous three months.

SOUND ITALIAN BANKS, WEAK ECONOMY ITALIAN SOUND BANKS, WEAK ECONOMY

Draghi said Italy's banks were sound and, having strengthened their capital bases, were "well placed to cope with the international environment." Draghi said Italy's banks were sound and, having strengthened their capital bases, were "well placed to cope with the international environment."

They will have to make "significant adjustments" to comply with regulatory changes proposed by the Basel Committee, but they nonetheless "start out from a better situation than other banking systems in terms of capital quality." They will have to make "significant adjustments" to Comply with regulatory changes proposed by the Basel Committee, but they Nonetheless "start out from a better situation than other banking systems in terms of capital quality."

However, the banks must still improve the service offered to retail customers, he said, calling for new legislation to ensure a "drastic simplification" of the opaque fee structure applied to credit facilities and overdrafts. However, the banks must still improve the service offered to retail customers, he said, calling for new legislation to Ensure a "drastic simplification" of the opaque fee structure applied to credit facilities and overdrafts.

At the European level, a new round of stress testing of the major EU banks has begun in recent weeks and the results will be released at the end of June, Draghi said. At the European level, a new round of stress testing of the major EU banks has begun in recent weeks and the results will be released at the end of June, Draghi said.

While Italy's financial system appears relatively solid, the broader economy is emerging from the recession exactly as it went into it, Draghi noted, "with a low growth rate, one of the lowest in Europe." While Italy's financial system appears solid Relatively, the broader economy is emerging from the recession exactly as it went into it, Draghi noted, "with a low growth rate, one of the lowest in Europe."

The euro zone's third largest economy contracted by 4.9 percent last year after shrinking 1.0 percent in 2008, and the Bank of Italy forecasts growth of just 0.7 percent this year. The euro zone's third largest economy contracted by 4.9 percent last year after Shrinking 1.0 percent in 2008, and the Bank of Italy forecasts growth of just 0.7 percent this year.

Draghi said falling employment levels would continue to weigh on already weak domestic demand and hurt prospects for recovery. Draghi said falling employment levels would continue to weigh on already weak domestic demand and hurt prospects for recovery.

(Editing by Andy Bruce) (Editing by Andy Bruce)

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Government should butt out! - Economics - small business management - Brief Article - Economics - small business management - Brief Article

The less that government gets involved, the more small business will thrive, maintains Phillip Phan, professor of entrepreneurship, Rensselaer Polytechnic Institute, Troy, NY "If the U.S. is to learn anything from Taiwan, it's that big government should stay out of small business . " In the depths of the Asian economic crisis, Taiwan announced an annual growth of four percent. In the Depths Of The Asian economic crisis, Taiwan announced an annual growth of four percent. That is because nearly 70% of its economy is based on small to medium enterprises. That is because nearly 70% of its economy is based on small to medium enterprises.

As a business counselor for the New York State Small Business Administration and consultant to the World Bank, Phan urges less government interference with small business. As a business counselor for the New York State Small Business Administration and consultant to the World Bank, Phan urges less government interference with small business. In New York City, small-business owners spend 60% of their time and resources during the start-up phase clearing government regulations. In New York City, small-business owners spend 60% of their time and resources during the start-up phase clearing government regulations. If the state and Federal governments remove barriers to creativity and entrepreneurial drive--such as unnecessary licensing, fees, and permits--more people will consider starting businesses, he argues. If the state and Federal governments remove barriers to creativity and entrepreneurial drive - such as unnecessary licensing, fees, and permits - more people will consider starting businesses, he argues. As a result, local economies will thrive. As a result, local economies will thrive.

"The US technological boom is being driven by entrepreneurship," Phan indicates. "The U.S. technological boom is being driven by entrepreneurship," Phan Indicates. "One thing the government did right was to change the Telecommunications Act in 1996. By doing so, the government sent the message that it was serious about freeing the individual to pursue technological innovation without fear." "One thing the government did right was to change the Telecommunications Act in 1996. By doing so, the government sent the message that it was serious about freeing the individual to pursue technological innovation without fear."

However, this is only the beginning and is not enough. However, this is only the beginning and is not enough. "The US has pockets of incredible entrepreneurial activity like the Silicon Valley [in California], but we also have former industrial cities, such as Troy, NY, or Altoona, Pa., that have been decimated. Government won't bring wealth to those areas--entrepreneurship will." "The U.S. has pockets of incredible entrepreneurial activity like the Silicon Valley [in California], but we also have former industrial cities, such as Troy, NY, or Altoona, Pa.., That have been decimated. Government will not bring wealth to those areas - entrepreneurship will. "

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