• Source of Inspiration: Warren Buffett's Top 15 Holdings as of 31 March 2014

    American business tycoon - and perhaps the most famous and successful investor - Warren Buffett has become one of the richest people in the world through his investments skills. Buffett is chairman of Nebraska-based Berkshire Hathaway Inc which has a market cap over USD $200 billion. When studying under Benjamin Graham at Columbia University, Buffett learned that discipline, patience as well as value consistently outperform the market. Below, we provide Warren Buffet's top 15 holdings as of 31 March 2014.

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  • Update Indonesia's Current Account Deficit and Foreign Exchange Reserves

    Indonesian Finance Minister Chatib Basri said that the country's current account deficit, the broadest measure of international transactions, may widen in the second quarter of 2014 as many local companies engage in business expansion. Such expansion usually triggers an increased amount of imports, thus impacting on the trade balance. A widening current account deficit in the second quarter of the year is a normal trend. The balance usually improves in the third and fourth quarters.

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  • Growth in Indonesia's Non-Oil & Gas Industry Outpaces GDP Growth

    The non-oil & gas industry of Indonesia grew 5.56 percent in the first quarter of 2014. Although general economic growth in Southeast Asia's largest economy has slowed to 5.21 percent in the first quarter, several industries such as the Food and Beverage Processing Industry, the Transportation Equipment Industry, Machinery & Equipment Industry, as well as Farming & Plantation-based Industries post strong growth. The Indonesian Industry Ministry targets a 6.5 percentage rate for the country's industrial sector in 2014.

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  • Higher Domestic Consumption and Inflation during Ramadan and Lebaran

    Bayu Krisnamurthi, Indonesian Deputy Trade Minister, expects that domestic consumption will rise by approximately 40 percent during the holy Islamic fasting month of Ramadan, which starts on 28 June 2014, and subsequent Idul Fitri (Lebaran) celebrations. Traditionally, this period of festivities brings along inflationary pressures as consumers spend more money on food, transportation, clothes and souvenirs. Moreover, Krisnamurthi stated that the center of consumption will shift to the regions.

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