Govt Adopts Policies to Anticipate Crisis

13 December, 2011 | Source: ANTARA News

Nusa Dua, Bali (ANTARA News) - The government has taken a number of policies to anticipate the impact of global economic crisis, Coordinating Minister for Economic Affairs Hatta Rajasa said.

 

"The policies were taken particularly to anticipate a decline in our exports as a result of economic crisis engulfing Europe and the United States," he said after opening an investment climate symposium here on Monday.

The anticipatory steps included expanding the market for Indonesia`s exports, preventing massive layoffs and improving the people`s purchasing power, he said.

He said the government was ready to face the impact of the global economic crisis and convinced that the country would be able to withstand the crisis as it did in 2008.

"This is because the amount of our foreign exchange reserves now is higher than in 2008," he said.

Even the minister predicted the domestic economy to grow within the range of 6.6-6.7 percent next year.

After all, the government still had to keep watch for developments in global oil price which could affect state spending on fuel oil subsidies, he said.

"There is not yet plan to raise fuel oil price. It is the basic electricity tariff that will be raised," he said.

Hatta said the basic electricity tariff was likely to be raised by around 10 percent in April next year.(*

 

Indonesian Foreign Minister Retno Marsudi and her Maldivian counterpart Mohamed Asim will hold a bilateral meeting in Jakarta on Wednesday (June 21) to discuss the cooperation in tourism sector.
The United Nations Food and Agriculture Organization (FAO) has praised Indonesia for its role in fighting illegal, unreported, unregulated (IUU) fishing, the Indonesian Embassy in Rome said.
Indonesias real GDP growth is projected to increase from 5.2 percent this year to 5.3 percent in 2018, according to the World Banks June 2017 Indonesia Economic Quarterly.
Jakarta (ANTARA News) - Former president of the United States, Barack Obama, is scheduled to deliver a keynote speech at the opening session of the 4th Congress of Indonesian Diaspora in Jakarta on July 1, 2017.
Jakarta (ANTARA News) - Indonesian Minister of Foreign Affairs Retno Marsudi spoke by phone with her counterparts of the Middle East in a bid to ease the crisis between Qatar and a group of Arab countries.
Tokyo, Japan (ANTARA News) - Indonesian Vice President Jusuf Kalla and Japanese Prime Minister Shinzo Abe discussed accelerating the development of medium-speed railway facilities on the Jakarta-Surabaya route during a bilateral meeting after the 23rd International Forum: Future of Asia.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu