Archive for Economy articles

Economy Cooperation Indonesia-Vietnam Expected Increase

Monday, March 1st, 2010 14:40 WIB

Metrotvnews.com, Jakarta

President Susilo Bambang Yudhoyono expect the economy corporation between Indonesia-Vietnam keep increased. Today, trading volume between Indonesia-Vietnam is around US$2, 2 million.

“President expects trading between Indonesia-Vietnam keep increased. US$2, 2 million is increase but it is far under its potential. President expects it keep increased,” Dino Patti Djalal, who is President Special Staff Foreign Country Sector, said after the meeting between President and the head of Vietnam Parliament, Nguyen Phu Trongyang, in president office, Jakarta, Monday (1/3).

His coming was to promote relationship between Indonesia-Vietnam parliaments. The head of Vietnam Parliament worked closely 70 Vietnam entrepreneurs which are doing forum business in Jakarta.

In the meeting which was done around one hour, President expected relationship both of those countries also increased as part of strategy business partner. President also said that he support Vietnam which become ASEAN head and host of KTT ASEAN this year.

“There are three sectors which President pressured to be important element trade and investment, food security, energy security, fishery tourism, and maritime corporation,” Dino said. Dino also said that there is no discussion about the plan of Indonesia entrepreneur which come to Vietnam.

“No, President just said that the relationship between Indonesia and Vietnam need to increase but not particularly,” he said.

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Bank Indonesia Rate 6,5 Percent until May

Thursday, March 4th, 2010 17:23 WIB

Metrotvnews.com, Jakarta

BI rate was predicted will keep hold out in its position now, 6, 5 percent until May soon.

“We predict that BI will increase refer to rate in June 2010,” said Chief Economist Mandiri Sekuritas Destry Damayanti on workshop media in Jakarta, Thursday (4/3). This is accordance with inflation expectation coming. Economy activity which was begun restored will accompanied with the increase of domestic demand can increase the inflation pressure.

Inflation was predicted will reach 6, 3 percent in this year or rise from the inflation last year which is 2, 8 percent. “As a result, BI rate will adjust increasing 75 basis point become 7, 25 percent,” she said.

According to the prediction of Statistic Corporation Center which predicts that deflation will occur on this March, Destry said that it was proper linked with the harvest going on. She worried the jump up of inflation this year because the existence of rigidity in supply side.

“We still experience supply constraint problem. Supply was not flexible because there is limitedness, such as, there is someone who wants to invest but there is infrastructure limitedness or rules which is not conducive in region.”

In other hand, Destry continued, strengthening of exchange rupiah value factor has potential to decrease inflation pressure. Domestic rate of exchange was predicted increase because economy in this country rather solid and improve of export and increasing of income.

Per January 2010, export got income around US$11 million and portfolio income which reach US$1, 6 million

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