World

Indonesia’s growth rate probably hits five-year high: poll

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 growth rate probably hits five-year high: poll ảnh 1Indonesia'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
VNA
#Indonesia's economic growth#Indonesia's economy#Indonesia's growth rate in 2018#Indonesian Finance Minister Sri Mulyani Indrawati#Indonesia's growth target for 2019#Vietnamplus#Vietnam News Agency
Follow VietnamPlus

Related News

Indonesia: foreign debt structure remains healthy

Indonesia: foreign debt structure remains healthy

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.
FDI in Indonesia slows down in 2018

FDI in Indonesia slows down in 2018

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.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.