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#32054 - 09 May 06 20:33 TEMPO/Indonesia's Debt Ranking Rises
biznews Moderator Offline
Pujangga Besar

Registered: 24 Apr 08
Posts: 7508
Loc: Jakarta
Indonesia's Debt Ranking Rises
Tuesday, 09 May, 2006 | 15:35 WIB

Tempo Interactive, Jakarta: Moody's Investors Service believes Indonesia's economic performance this year is becoming better. That is why this international rating organization will raise Indonesia's foreign debt ranking next week.

According to a Moody's analyst, Steven Hess, the Indonesian government's debt ranking rises one level from Caa (almost unable to repay debt) up to B1 (high risk). “The Indonesian government's financial performance is improving,” he said as quoted by Bloomberg yesterday.

The government's debt ratio against Gross Domestic Product (GDP), for example, dropped to 47 percent last year. At the same time, the budget deficit can be pushed down from 0.9 percent to 0.5 percent. “Thanks to the cautious fiscal policies,” he said. Now the Indonesian government's debt is still US$79 billion.

Although Indonesia’s ranking is up, the B1 level is still high. This new ranking is four levels below the criteria of ‘adequate for investment.’ According to Hess, Jakarta's government must encourage direct investment so that its level can rise to more than B1.

The B1 level is the highest ranking Moody's has awarded to Indonesia since the economic crisis in 1997. Before, Standard & Poor's determined Indonesia's debt ranking at the level of B+. This ranking benefits Indonesia because the cost for seeking foreign loans is less.

The Minister of the Economy, Boediono, said the government does not close the possibility to obtain more loans on the condition the loans will be able to stimulate the economy. However, he said, the government is still trying to lessen the debt ratio against the GDP.

Padjar and Yudha Setiawan
_________________________ Indonesian Business and Investment News Aggregator

Ubuntu: Linux for Human Beings
#32055 - 10 May 06 14:15 Re: TEMPO/Indonesia's Debt Ranking Rises
Macan Tutul Offline
Pujangga Muda

Registered: 02 Dec 05
Posts: 1502
Loc: Jungle and cage ;)
The authority of economics will consistently fix up the economic structure and investment situation to make continue as a condition for economic raise., protecting for domestic industry production with bring out import garment’s policy formulation giving export-import tax inspective for capital investment, mining sector, automotive industry, heavy tools industry and create one “safe” condition for production and investment.
" Don't be shy with yourself, you have lots of talent without you notice....that's human, just be who you are."

(Memoirs of 3/3/2007)

#32056 - 10 May 06 19:54 Re: TEMPO/Indonesia's Debt Ranking Rises
chicha_lex Offline

Registered: 07 Feb 06
Posts: 124
Loc: Saudi Arabia
What Indonesian government need is to spent money wisely and spent it well in the area that increase INVESTORS CONFIDENCE. Projects are short term economic generetors, but, spending in the areas of Corporate Governance and Compliances, reducing red tapes, reducing (REALLY2 REDUCING) corruptions will bring back investors into the Indonesian economic scenario. If you ask me, CLEANING UP THE HOUSE IS AS IMPORTANT AND BETTER COMPARED TO BUILDING A NEW HOUSE...

Hopeless, lifeless, clueless...
There's always hope when you're chasing camel...

#32057 - 10 May 06 20:01 Re: TEMPO/Indonesia's Debt Ranking Rises
KuKuKaChu Moderator Offline
Pooh Bah

Registered: 09 Oct 05
Posts: 10790
Loc: Centre of the Universe
in my view, the vast majority of the problems in indonesia are not economic, but political. until now successive governments have shied away from dealing with problems that impact upon economic development head-on, always preferring to defer dealing with them, or only dealing with them when it's far too late.

creating a conducive economic environment for sustained economic development does not require a great deal of money. it does, however, require a lot of guts and determination on the part of the government and community leaders generally.
KuKuKaChu: dangerously too sophisticated

#32058 - 11 May 06 13:20 Re: TEMPO/Indonesia's Debt Ranking Rises
D'ruby Offline

Registered: 13 Feb 06
Posts: 2177
Loc: My
In my view, it's the population, it's easier to manage country with less people.
I wanna be Samantha, but I am so Carrie

#32059 - 11 May 06 13:45 Re: TEMPO/Indonesia's Debt Ranking Rises
Macan Tutul Offline
Pujangga Muda

Registered: 02 Dec 05
Posts: 1502
Loc: Jungle and cage ;)
Reformation in the inside of the goverment itself from corruptions (specially), and yes political statement or situation makes had great influence to INA economics but remember with global development, there was economic "fix up" from progressists country,and reducing price for non-oil and gas comodity even though there still any downside risk which could obstruct for the global economic development, those risk like uncertainty price for the world crude oil.Sorry for my poor English smile
" Don't be shy with yourself, you have lots of talent without you notice....that's human, just be who you are."

(Memoirs of 3/3/2007)

#32060 - 11 May 06 14:04 Re: TEMPO/Indonesia's Debt Ranking Rises
g00f13 Offline

Registered: 12 Nov 05
Posts: 739
Loc: earth
In my view, standard minimum wage has to be increased dramatically both in the private and public sectors. And pay the employees a decent wage. This has to be governed and policed rigorously. That in turn will increase spending and increase consumption. This will drive the economy from the top and the bottom.

One can not expect to have anything left (may even be not enough) on Rp.1.000.000,00 per month living in a city like SBY let alone JKT.


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