London :
New York :
Chicago :
Nicoasia :
DBS bets on Indonesia
DBS Group sees Indonesia as having the greatest investment potential and Thailand as risky due to the political mess.
DBS Group including Singapore, Indonesia, Malaysia, Thailand, Hong Kong and China recently introduced blue-chip companies to fund managers during a roadshow in Hong Kong.
The roadshow was designed to draw more investment to the stock exchange in each country.
Pattera Dilokrungthi-rapop, CEO of DBS Vickers Securities (Thailand), said last week that fund managers in Hong Kong are highly interested in Indonesia with its political stability and continued economic growth. Malaysia ranked second in investment potential.
The company introduced three Thai listed companies – Charoen Pokphand Foods, Minor Corp and Thai Airways International.
“Those fund managers have expressed concern that the political mess in Bangkok would create higher investment risk, which caused those three companies to lose business opportunities,” he said.
The political turmoil also causes the company to take a more conservative approach to providing credit for stock trading.
“We have to be more careful in considering margin loans for customers due to the fluctuating trading environment,” he said. ( THE NATION )
Indonesia Economy 2010
Economy – overview:
Indonesia, a vast polyglot nation, has weathered the global financial crisis relatively smoothly because of its heavy reliance on domestic consumption as the driver of economic growth. Although the economy slowed significantly from the 6%-plus growth rate recorded in 2007 and 2008, expanding at 4% in the first half of 2009, Indonesia outperformed its regional neighbors and joined China and India as the only G20 members posting growth during the crisis.
The government used fiscal stimulus measures and monetary policy to counter the effects of the crisis and offered cash transfers to poor families; in addition, campaign spending in advance of legislative and presidential elections in April and July helped buoy consumption. The government made economic advances under the first administration of President YUDHOYONO, introducing significant reforms in the financial sector, including tax and customs reforms, the use of Treasury bills, and capital market development and supervision. Indonesia’s debt-to-GDP ratio in recent years has declined steadily because of increasingly robust GDP growth and sound fiscal stewardship. Indonesia still struggles with poverty and unemployment, inadequate infrastructure, corruption, a complex regulatory environment, and unequal resource distribution among regions. YUDHOYONO’s reelection, with respected economist BOEDIONO as his vice president, suggests broad continuity of economic policy, although the start of their term has been marred by corruption scandals. The government in 2010 faces the ongoing challenge of improving Indonesia’s insufficient infrastructure to remove impediments to economic growth, while addressing climate change mitigation and adaptation needs, particularly with regard to conserving Indonesia’s forests and peatlands.
GDP (purchasing power parity):
$968.5 billion (2009 est.)
$927.7 billion (2008 est.)
$874.4 billion (2007 est.)
note: data are in 2009 US dollars
[see also: GDP (purchasing power parity) country ranks ]
GDP (official exchange rate):
$514.9 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
GDP – real growth rate:
4.4% (2009 est.)
6.1% (2008 est.)
6.3% (2007 est.)
[see also: GDP - real growth rate country ranks ]
GDP – per capita:
$4,000 (2009 est.)
$3,900 (2008 est.)
$3,700 (2007 est.)
note: data are in 2009 US dollars
[see also: GDP - per capita country ranks ]
GDP – composition by sector:
agriculture: 14.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 47.1%
[see also: GDP - composition by sector - industry country ranks ]
services: 38.5% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]
Labor force:
113.3 million (2009 est.)
[see also: Labor force country ranks ]
Labor force – by occupation:
agriculture: 42.1%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 18.6%
[see also: Labor force - by occupation - industry country ranks ]
services: 39.3% (2006 est.)
[see also: Labor force - by occupation - services country ranks ]
Unemployment rate:
7.7% (2009 est.)
8.4% (2008 est.)
[see also: Unemployment rate country ranks ]
Population below poverty line:
17.8% (2006)
[see also: Population below poverty line country ranks ]
Household income or consumption by percentage share:
lowest 10%: 3%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 32.3% (2005)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
Distribution of family income – Gini index:
39.4 (2005)
37 (2001)
[see also: Distribution of family income - Gini index country ranks ]
Investment (gross fixed):
27.1% of GDP (2009 est.)
[see also: Investment (gross fixed) country ranks ]
Budget:
revenues: $83.77 billion
[see also: Budget - revenues country ranks ]
expenditures: $97.24 billion (2009 est.)
[see also: Budget - expenditures country ranks ]
Public debt:
29.8% of GDP (2009 est.)
29.3% of GDP (2008 est.)
[see also: Public debt country ranks ]
Inflation rate (consumer prices):
5% (2009 est.)
9.9% (2008 est.)
[see also: Inflation rate (consumer prices) country ranks ]
Central bank discount rate:
10.83% (31 December 2008)
8% (31 December 2007)
[see also: Central bank discount rate country ranks ]
Commercial bank prime lending rate:
13.6% (31 December 2008)
7.21% (31 December 2007)
[see also: Commercial bank prime lending rate country ranks ]
Stock of money:
$41.71 billion (31 December 2008)
$47.78 billion (31 December 2007)
[see also: Stock of money country ranks ]
Stock of quasi money:
$131.5 billion (31 December 2008)
$127 billion (31 December 2007)
[see also: Stock of quasi money country ranks ]
Stock of domestic credit:
$166.2 billion (31 December 2008)
$170.2 billion (31 December 2007)
[see also: Stock of domestic credit country ranks ]
Market value of publicly traded shares:
$98.76 billion (31 December 2008)
$211.7 billion (31 December 2007)
$138.9 billion (31 December 2006)
[see also: Market value of publicly traded shares country ranks ]
Agriculture – products:
rice, cassava (tapioca), peanuts, rubber, cocoa, coffee, palm oil, copra; poultry, beef, pork, eggs
Industries:
petroleum and natural gas, textiles, apparel, footwear, mining, cement, chemical fertilizers, plywood, rubber, food, tourism
Industrial production growth rate:
2% (2009 est.)
[see also: Industrial production growth rate country ranks ]
Electricity – production:
134.4 billion kWh (2007 est.)
[see also: Electricity - production country ranks ]
Electricity – consumption:
119.3 billion kWh (2007 est.)
[see also: Electricity - consumption country ranks ]
Electricity – exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]
Electricity – imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]
Oil – production:
1.051 million bbl/day (2008 est.)
[see also: Oil - production country ranks ]
Oil – consumption:
1.564 million bbl/day (2008 est.)
[see also: Oil - consumption country ranks ]
Oil – exports:
85,000 bbl/day (2008 est.)
[see also: Oil - exports country ranks ]
Oil – imports:
671,000 bbl/day (2007 est.)
[see also: Oil - imports country ranks ]
Oil – proved reserves:
3.99 billion bbl (1 January 2009 est.)
[see also: Oil - proved reserves country ranks ]
Natural gas – production:
70 billion cu m (2008 est.)
[see also: Natural gas - production country ranks ]
Natural gas – consumption:
36.5 billion cu m (2008 est.)
[see also: Natural gas - consumption country ranks ]
Natural gas – exports:
33.5 billion cu m (2008 est.)
[see also: Natural gas - exports country ranks ]
Natural gas – imports:
0 cu m (2008 est.)
[see also: Natural gas - imports country ranks ]
Natural gas – proved reserves:
3.001 trillion cu m (1 January 2009 est.)
[see also: Natural gas - proved reserves country ranks ]
Current account balance:
$10.7 billion (2009 est.)
$604 million (2008 est.)
[see also: Current account balance country ranks ]
Exports:
$115.6 billion (2009 est.)
$139.3 billion (2008 est.)
[see also: Exports country ranks ]
Exports – commodities:
oil and gas, electrical appliances, plywood, textiles, rubber
Exports – partners:
Japan 20.2%, US 9.5%, Singapore 9.4%, China 8.5%, South Korea 6.7%, India 5.2%, Malaysia 4.7% (2008)
Imports:
$86.6 billion (2009 est.)
$116 billion (2008 est.)
[see also: Imports country ranks ]
Imports – commodities:
machinery and equipment, chemicals, fuels, foodstuffs
Imports – partners:
Singapore 16.9%, China 11.8%, Japan 11.7%, Malaysia 6.9%, US 6.1%, South Korea 5.4%, Thailand 4.9% (2008)
Reserves of foreign exchange and gold:
$62.59 billion (31 December 2009 est.)
$51.64 billion (31 December 2008 est.)
[see also: Reserves of foreign exchange and gold country ranks ]
Debt – external:
$150.7 billion (31 December 2009 est.)
$155.1 billion (31 December 2008 est.)
[see also: Debt - external country ranks ]
Stock of direct foreign investment – at home:
$73.02 billion (31 December 2009 est.)
$67.3 billion (31 December 2008 est.)
[see also: Stock of direct foreign investment - at home country ranks ]
Stock of direct foreign investment – abroad:
$10.51 billion (31 December 2009 est.)
$6.656 billion (31 December 2008 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]
Exchange rates:
Indonesian rupiah (IDR) per US dollar – 10,399.2 (2009), 9,698.9 (2008), 9,143 (2007), 9,159.3 (2006), 9,704.7 (2005)
NOTE: The information regarding Indonesia on this page is re-published from the 2010 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Indonesia Economy 2010 information contained here. All suggestions for corrections of any errors about Indonesia Economy 2010 should be addressed to the CIA.
