The Centre for Strategic and International Studies (CSIS) believes Indonesia's export performance can grow up to 3.2 percent year-on-year (y/y) in 2017 based on the most recent global growth projections. Yose Rizal, Head of the Economics Department within CSIS, said this 3.2 percent growth outlook is a modest one and Indonesia's export performance should actually perform better. In fact, for economic development of Indonesia, Rizal says export growth in the range of (at least) 4 - 5 percent (y/y) is required.

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Domestic cement consumption in Indonesia in full-year 2016 stood at 62 million tons, rather stagnant from cement demand in the preceding year and thus the 65 million tons cement sales target of the Indonesian Cement Association (ASI) in 2016 was not achieved. ASI Chairman Widodo Santoso confirmed that Indonesian cement consumption was not in line with his institution's prediction. Moreover, weak cement sales also indicate that government-led infrastructure development has not been running smoothly yet.

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The Industry Ministry of Indonesia targets to see the contribution of the manufacturing industry toward the nation's gross domestic product (GDP) rise further above 20 percent in 2017. This growth is supported by the start of operations of several new smelters. I Gusti Putu Suryawirawan, Director General of Metal, Machinery, Transportation Equipment & Electronic Industries at the Indonesian Industry Ministry, said ten new smelters will start the production phase this year.

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The government of Indonesia revised rules regarding the ban on unprocessed ore exports. Originally, Southeast Asia's largest economy (a key exporter of natural resources) planned to ban exports of mineral ore per 12 January 2014 in a bid to encourage the development of domestic higher value smelting facilities (part of the New Mining Law that was unveiled in 2009). However, a three-year delay was announced (through a presidential regulation) on the evening before the ban would be imposed as local processing capacity was still insufficient. Now, three years later, there have been more revisions.

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