The G-20 summit has just ended. There’s a clear scene now that G-20 is replacing the limited role of G-7, or G-8, secondly, it’s almost inevitable that Asian powers (plus Brazil) are set to replace the West power in global economic issues. Economist and investors have put the spotlight on two rising power from different [...]
Somehow, President Susilo Bambang Yudhoyono seems to be doing a fine job in prompting Indonesians to get their acts together. The results are showing. From a choking dictatorship that it once was, Susilo has led Indonesia on a robust pursuit for democracy, and many analysts think he is making rapid progress. Naturally, the positive sentiment has [...]
Indonesia’s robust economy continues to grow Indonesia has proved to be less exposed to the global recession than many of its neighbours, and its economy expanded by 4.2% year on year in the first half of 2009. As a result, the Economist Intelligence Unit has revised up its forecast for real GDP growth to 4.1% (from [...]
CHINA The global downturn failed to prevent China overtaking Germany as the world’s third-largest economy. In fact, China’s economy has shown signs of improvement recently, with the annual growth rates of both industrial output and retail sales rising in July. But the downturn has had serious consequences for the country, both internally and externally. Chinese exports have [...]
The Export Financing Agency, more popularly known as Indonesia Eximbank, that the Indonesia’s government launched last week is the country’s first full-fledged credit agency for financing foreign trade, similar to its counterparts in developed economies, such as the Ex-Im Bank in the United States. Indonesia Eximbank is not a conventional bank like. Even though Eximbank is [...]
It is undoubtedly obvious that Bakrie group has become the giant in Southeast Asia, especially its endurance during the wave of global financial crisis. BUMI Resources, Bakrie’s wing for coal mining, has been the backbone of Indonesia’s stock market for quite sometimes. Bakrieland is reportedly eyeing to aquire land for property business outside Indonesia. Bakrie [...]
Indonesian company, Martha Tilaar, has won the ASEAN Business Award as Best of the Best in Innovative Industry in big company category. The announcement was made in Bangkok, Thailand, during ASEAN Business Award ceremony. The Indonesia health-cosmetic company Martha Tilaar specialized in producing health/beauty/aesthetic products using traditional herbs, is winning the award despite the heavy competitor [...]
China’s government has turned around its economy far faster than most thought possible, to 7.9% in the second quarter. Even if the surge moderates in coming quarters, many analysts say China will very nearly meet its target of an 8% expansion for all of 2009. In the first quarter, gross domestic product grew 6.1% [...]
Again, Indonesia’s Coordinating Minister for the Economy Sri Mulyani Indrawati was listed in ’s 100 most powerful women according to Forbes magazine edition August 2009. Last year, Forbes also listed Sri Mulyani in World’s most powerful woman 2008. In 2006 and 2008, Mulyani was elected as the best Economic Minister in Asia. Since Indrawati’s 2005 appointment [...]
By Gatot Abdullah Mansyur (Indonesia’s CG for Saudi Arabia) for GNFI and ArabNews On the auspicious occasion of the commemoration of the 64th Independence Day of the Republic of Indonesia, I wish to extend my heartiest felicitation to the Indonesian community living in Western region of the Kingdom of Saudi Arabia. Aug. 17 reminds us of the struggle [...]