Indonesia probably enjoyed an economic growth rate of 5.15 percent last year, the fastest pace since 2013 and higher than the 5.07-percent rate in 2017, a recent poll forecasts.
Indonesia's economic growth rate in 2018 is probably the best in five years (Photo: thejakartapost.com)
Hanoi (VNA) – Indonesia probably enjoyed an economic growth rate of 5.15percent last year, the fastest pace since 2013 and higher than the 5.07-percentrate in 2017, a recent poll forecasts.
Indonesia’s economic growth rate likely slowedslightly to 5.11 percent in the fourth quarter of 2018, less than the5.17-percent rate in the previous quarter, according to the Reuters poll of 16economists.
Finance Minister Sri Mulyani Indrawati said 2018was “not an easy year”, given market turbulence rooted in interest rate hikesin the US and the US-China trade war.
She called the government’s 5.17-percent growthprediction for 2018 “a testament to Indonesia’s economic resilience”.
Rahul Bajoria, Singapore-based economist atBarclays, said moderation in the fourth quarter growth reflected its largetrade deficit stemming from poor exports and high imports.
The Indonesian government targets a 5.3-percentgrowth rate for this year.-VNA
The central bank of Indonesia (BI) has assessed the country’s foreign debt structure will remain healthy as the foreign debt to national gross domestic product (GDP) ratio remained stable at 34 percent as of late September 2018.
Indonesian President Joko Widodo said on January 8 that traffic congestion in Jakarta and its nearby areas results in annual economic losses of nearly 4.7 billion USD.
Indonesia has been striving to bring its poverty rate down to 9 percent by the end of this year, according to the country’s Development Planning Minister Bambang Brodjonegoro.
Indonesia attracted 392.7 trillion IDR (27.86 billion USD) in foreign direct investment (FDI) in 2018, down from the 430.5 trillion IDR lured in the previous year, according to the country’s investment coordinating board.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
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Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
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PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Indonesia's economic growth rate in 2018 is probably the best in five years (Photo: thejakartapost.com) 
