Indonesian forecasts 5-per-cent economic growth for 2010
Indonesia's economy is to grow by 5 per cent in 2010, while the budget deficit is predicted to be 1.6 per cent of the gross domestic product (GDP), down from this year's 2.5 per cent, according to a draft budget unveiled Monday. President Susilo Bambang Yudhoyono said in an address to the House of Representatives the budget deficit in 2010 is anticipated to be 98 trillion rupiah (9.9 billion dollars), or 1.6 per cent of the GDP, as the government plans to continue fiscal stimulus to help the economy recover.Revenues are to increase by 38.8 trillion rupiah to 911.5 trillion rupiah from the current fiscal year ending December 31, while expenditures are forecast at 1,009.5 trillion rupiah, up 3.8 trillion rupiah."The 1.6-per-cent GDP deficit in the bill of the state budget 2010 is appropriate for our economy which remains in the recovery stage from the impact of the global crisis," Yudhoyono said.Deficit was adjusted to 2.5 per cent of the GDP in the revised 2009 budget.While the global economy in 2010 is predicted to enter a recovery phase, Yudhoyono warned that this did not mean Indonesia's economic development would be free from challenges."Indonesia certainly cannot disengage itself from the impact of the downturn of global economic activities," Yudhoyono said. "Nevertheless, due to rapid and appropriate action, Indonesia was relatively speaking far better off than other countries."The government proposed to spend 61.2 trillion rupiah in 2010 to boost Indonesia's economy, slightly down from the 70-trillion-rupiah stimulus package in the 2009 budget.In his speech, Yudhoyono, who won a second five-year term in last month's presidential election with than 60 per cent of the popular vote, said the economy would grow 5 per cent, "or even more" next year, and "even faster" in subsequent years.Indonesia's economy grew at the fastest pace in South-East Asia in the first quarter, expanding 4.4 per cent from a year earlier.In an attempt to boost investment in the country, Indonesia is to further intensify law enforcement, harmonizeinvestment laws and ameliorate the bureaucracy towards better public services, the president said.Inflation is predicted to be around 5 per cent in 2010, he said.The 2010 proposed budget was drafted based on an average dollar exchange rate of 10,000 rupiah to the dollar and a daily crude oil output 965,000 barrels per day, with oil prices averaging 60 dollars per barrel.In an attempt to protect the lower segment of society, the government plans to raise wages for government workers by an average of 5 per cent and spend a total of 144.4 trillion rupiah on subsidies for energy, food and fertilizers, he said.
0 Comments
KPK grills former PLN president
Corruption Eradication Commission (KPK) has questioned Fahmi Mochtar, former president of the state electricity company PT PLN, in investigating the possibility of graft in one of the company projects involving Eddie Widiono predecessor.
KPK previously named Eddie as a suspect in this case, which revolves around a computerization project of PLN supply customer information system (CIS-Risi) for Jakarta and Tangerang power distribution unit.
Fahmi came to the KPK office on Monday morning. He briefly said: "I was questioned as a witness for Eddie Widiono".
KPK spokesperson Johan Budi said the state losses due to corruption allegations were estimated to reach USD 45 billion (approximately U.S. $ 493,200).
CIS-risk project initiated by the ITB Polytechnic in the 1990s, but then subcontracted to PT Netway Utama.
Suspicions about collusion emerged when it became known that the head of Polytechnic ITB at the time, Gani Abdul Gani, was also president of Netway.
The total project is valued at around Rp 137 billion.
Commission is also investigating the possibility of corruption in the procurement of IT branch of the East Java-based customer management system project. Hariadi Sadono, former director of the branch has been given the name of the defendant amounted to Rp 80 billion, which causes losses to the state.
source : click here
US lowers antidumping duties on RI polyethylene bags
Mustaqim Adamrah , The Jakarta Post , Jakarta | Mon, 03/22/2010 8:53 AM | Business
United States recently decided to reduce the temporary anti-dumping duties on Indonesian polyethylene bags retail from 67.18 percent to 9.18 percent means a new opportunity for Indonesian producers to re-enter the U.S. market a plastic bag.
Indonesian Association of Plastics Manufacturers Lower (Aphindo) Tjokro Gunawan chairman said Sunday he was satisfied with the decision of the United States.
"We are delighted. The opportunity to [Indonesian] manufacturer of plastic bags' for export [the U.S.] is now open again," he told The Jakarta Post.
He said that he had not received reports that members Aphindo had stopped exports to the United States since the 67.18 percent while the anti-dumping duties imposed in May.
"But with a high margin [67.18 percent], there is no way someone could export," said Tjokro.
Anti-dumping duties imposed, usually in addition to import duties against dumping, in which the alleged exporters sell their products in the country at a price below production costs and / or below the price in domestic market
Indonesian Association of Plastics Manufacturers Lower (Aphindo) Tjokro Gunawan chairman said Sunday he was satisfied with the decision of the United States.
"We are delighted. The opportunity to [Indonesian] manufacturer of plastic bags' for export [the U.S.] is now open again," he told The Jakarta Post.
He said that he had not received reports that members Aphindo had stopped exports to the United States since the 67.18 percent while the anti-dumping duties imposed in May.
"But with a high margin [67.18 percent], there is no way someone could export," said Tjokro.
Anti-dumping duties imposed, usually in addition to import duties against dumping, in which the alleged exporters sell their products in the country at a price below production costs and / or below the price in domestic market
Tjokro charged that the U.S. first imposed anti-dumping duties as high last year because the country's "soft protect" the domestic market during the global economic crisis as a plastic bag-intensive industries.
"And now as the country is recovering, it has reduced temporary anti-dumping duties," he said.
Department of Commerce trade security director Ernawati talk about the latest U.S. decision last week.
He said that last December, U.S. authorities have been verified Dumping Indonesian exporters alleged to have dumped their polyethylene bags retail in the U.S. market.
He said the new revised temporary anti-dumping duties imposed on products that Indonesia is the lowest compared to that imposed on similar products from other countries including Vietnam and Taiwan.
"The U.S. International Trade Commission, which [is authorized to] decide losses resulting from dumping, asking for an explanation [of our] last week," said the Indonesian government Ernawati from the first filing.
"We told them that our products are exported are handmade, not mass-produced by the production of [the machine]," he added.
He said the Indonesian government will send a second response in the near future before issuing a final anti-dumping duty of U.S. scheduled on April 14.
U.S. launch date of 13 investigations on plastics producers Indonesia, including the CV Dwi Jaya Indah Plastics, Hi-V Plastic Bag Manufacturing, PT Dharma Kritadam, PT Sido Bangun Plastic Industry Plastic Randugarut and PT Indonesia, on April 20, 2009.
U.S. International Trade Administration announced last year that the dumping margin (price difference) for the products of Indonesia, Vietnam, and Taiwan products in the U.S. market products have been between 35.47 percent and 60.24 percent, 28.49 percent and 76.11 percentand 76.25 percent and 95.81 percent, respectively.
"And now as the country is recovering, it has reduced temporary anti-dumping duties," he said.
Department of Commerce trade security director Ernawati talk about the latest U.S. decision last week.
He said that last December, U.S. authorities have been verified Dumping Indonesian exporters alleged to have dumped their polyethylene bags retail in the U.S. market.
He said the new revised temporary anti-dumping duties imposed on products that Indonesia is the lowest compared to that imposed on similar products from other countries including Vietnam and Taiwan.
"The U.S. International Trade Commission, which [is authorized to] decide losses resulting from dumping, asking for an explanation [of our] last week," said the Indonesian government Ernawati from the first filing.
"We told them that our products are exported are handmade, not mass-produced by the production of [the machine]," he added.
He said the Indonesian government will send a second response in the near future before issuing a final anti-dumping duty of U.S. scheduled on April 14.
U.S. launch date of 13 investigations on plastics producers Indonesia, including the CV Dwi Jaya Indah Plastics, Hi-V Plastic Bag Manufacturing, PT Dharma Kritadam, PT Sido Bangun Plastic Industry Plastic Randugarut and PT Indonesia, on April 20, 2009.
U.S. International Trade Administration announced last year that the dumping margin (price difference) for the products of Indonesia, Vietnam, and Taiwan products in the U.S. market products have been between 35.47 percent and 60.24 percent, 28.49 percent and 76.11 percentand 76.25 percent and 95.81 percent, respectively.
Langganan:
Postingan (Atom)