• Indonesia's Largest Trading Partner China Targets 7.5% GDP Growth in 2014

    Indonesia's Largest Trading Partner China Targets 7.5% GDP Growth in 2014

    Based on the annual work report that China's Premier Li Keqiang delivered in the 12th National People’s Congress (NPC) in Bejing, China targets economic growth of 7.5 percent in 2014. This modest but stable growth should ensure sufficient availability of jobs. Keqiang also hinted at government efforts to reduce the level of pollution as well as credit expansion. furthermore, the country's targets for inflation and money supply are also in accordance with predictions. Last year, China's GDP expanded by 7.7 percent.

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  • Who Are the Richest Indonesians? Forbes March 2014 Rich List Released

    Who Are the Richest Indonesians? Forbes March 2014 Rich List Released

    Forbes magazine, an American business magazine, released its latest updated 'Indonesian rich list' on Tuesday (04/03), containing the names of those Indonesians that are assessed as the country's wealthiest people. Combined, the top ten of richest Indonesians hold USD $35.5 billion, which is roughly equal to one-third of Indonesia's total foreign exchange reserves at the end of February 2014, or, four percent of the country's gross domestic product (GDP) in 2013 (USD $878 billion).

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  • Foreign Tourist Arrivals to Indonesia Jump 22.6% in January 2014

    Foreign Tourist Arrivals to Indonesia Jump 22.6% in January 2014

    The number of foreign tourists that visited Indonesia in January 2014 surged 22.6 percent to 753,079 from the same month last year. As usual, most tourists entered Indonesia through the Ngurah Rai International Airport in Bali, the most popular tourist destination of foreigners, followed by Jakarta's Soekarno-Hatta International Airport and Batam. A remarkable growth was detected in foreign visitor arrivals in Lombok, growing by 374 percent (yoy). However, this development was not explained by Statistics Indonesia in its press conference.

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  • Manufacturing Expansion of Indonesia Slips due to Natural Disasters

    Manufacturing Expansion of Indonesia Slips due to Natural Disasters

    Indonesia's February 2014 HSBC manufacturing purchasing managers' index (PMI), which measures the performance of the country's manufacturing industry, slipped to 50.5 from 51.0 in the previous month, thus indicating slowing growth (a reading above 50 indicates expansion in manufacturing activity, while a reading below 50 indicates contraction). Despite continued strong export orders, domestic demand weakened amid massive floods and volcanic eruptions at the start of the year.

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