Economic growth likely to exceed 6.4% in 2011.

By bne IntelliNews April 8, 2011
Indonesia's economy is expected to grow at a faster rate surpassing the initial projection of 6.4% this year. As reported by Xinhua News Agency, Coordinating Minister for Economy, Hatta Rajasa stated that the government decision to economize the budget by at least 10% this year and reallocation of funds to sectors that may directly encourage economic growth are likely to speed up the growth of the economy. Some of the funds are also expected to be used as reserve funds to foresee increasing prices of volatile food and energy.

Related Articles

Hong Kong's composite interest rate registered 0.25% in February

Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more

Thailand's government expected to promote export-oriented SMEs.

Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more

Small companies concerned about various government incentive schemes.

Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss