{"id":9905,"date":"2011-08-08T03:08:52","date_gmt":"2011-08-08T03:08:52","guid":{"rendered":""},"modified":"2011-08-08T04:08:03","modified_gmt":"2011-08-08T04:08:03","slug":"Indonesia-will-likely-outperform-rest-of-Asia","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=9905","title":{"rendered":"Indonesia will likely outperform rest of Asia"},"content":{"rendered":"

Indonesia’s Jakarta Composite Index is one of just four regional stock indices that has moved up this year – by almost four per cent.<\/strong><\/p>\n

Credit Suisse ranks the Indonesian economy as one of the least vulnerable to a US\/euro zone demand shock.<\/strong><\/p>\n

If the auto industry is a proxy for economic growth, then domestic demand in Indonesia has quadrupled in the last decade.<\/p>\n

The country is also overtaking Japan as the top Asian importer of wheat, with its increasingly affluent population of almost 200 million<\/strong>.<\/p>\n

With a growth forecast of 6 per cent this year and 7 per cent by 2013, Indonesia is proving to be a haven for investors.<\/p>\n

Sani Hamid, director of wealth management, Financial Alliance, said: “I think Indonesia itself has a huge potential of being a net exporter of a number of commodities. You will find a lot of liquidity going into Indonesia.<\/p>\n

“Recently in the last couple of months, a lot of liquidity has gone into Indonesia in order to gain access to its local bonds, which have very high yields, coupled with the fact that Indonesia’s (economy) is strengthening.<\/strong><\/p>\n

Indonesia’s real GDP rose 6.5 per cent in the second quarter, more than double its neighbour Thailand’s 3 per cent growth in the first quarter; Malaysia’s 4.6 per cent and Singapore’s contraction in the second quarter.<\/p>\n

Analysts say Indonesia will likely outperform the rest of Asia.<\/strong> But despite positive growth and strong domestic consumption, analysts say that red tape still seems to be holding back foreign investment.<\/p>\n

Analysts say more reform is needed for Indonesia to realize its growth potential.<\/strong><\/p>\n

Source AFP<\/em>
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