A question of confidence; investors seek more transparency to boost the economy
Article Abstract:
Indonesia has been labeled as one of the most corrupt countries in the world by two international consulting groups. This combines with structural problems that hold back the country's ability to compete in world markets including the selective protection of certain industries. The World Bank is expected to release a report at its Consultative Group on Indonesia meeting in Jun 1996 that sharply criticizes the country's economic policies. Indonesia estimated its current-account deficit will double from the fiscal 1994-95 figure to $7.9 billion for the year ending Mar 31, 1996.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Pipe dreams? Planned Indonesian refinery investment grows
Article Abstract:
Not even Indonesian investment officials can explain foreign investors' surge of interest over the past 16 months in building oil refineries. Most experts say the projects are unlikely to succeed despite generous tax exemptions, and state-owned Pertamina adds discouragement by refusing to guarantee a supply of crude oil. Insiders say Middle East money is funding several of the six large oil-refinery projects, even though industry experts claim it would be cheaper to ship Asian fuel from Middle Eastern sites.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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A matter of confidence
Article Abstract:
Indonesia's economy is strong overall despite some disappointing sectors in 1994 and the troublesome transition to a technology basis. Foreign investment in the first quarter of 1995 was nearly half that for all of 1994, thanks in part to deregulation designed to attract Japanese companies. The govt hopes to raise its implementation and realization rates. The balance of trade remains healthy but the textile and garment, timber and wood products, and oil sectors all remain some cause for concern.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Comment about this article or add new information about this topic:
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