Cruising On
If the analysts' crystal ball is to be believed, 2012 will be another solid year for the economy. There has been a number of encouraging developments: the upgrading of Indonesia's sovereign rating to investment grade by the global rating agency Fitch and the enactment of the long-awaited Land Acquisition Bill in the DPR. This will pave the way for much-needed infrastructure projects that have stalled because of land permits and land-use problems. In turn, foreign direct investment is expected to play a more active role in the economy, which hopefully will contribute towards reducing the worrisome, high unemployment rate.
The commentaries presented here provide informative yet interesting reading on what is to come.
December 28, 2011
Prospects for 2012
James Castle
Chairman, CastleAsia
The Indonesian economy has just received two very nice New Year's presents that should significantly improve the prospects for growth in 2012 despite inevitable global turbulence.
Fitch rating service announced its upgrade of Indonesia's sovereign debt to investment grade on 15 December. The next day a new land acquisition law was approved by the Indonesian parliament.
Markets had been anticipating a
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