Wed, 30 Jun 2010
From: The Jakarta Globe
By Faisal Maliki Baskoro
Indonesians are the second-most confident people in the world about their job prospects and near-term financial futures, according to a global survey released on Tuesday by media and consumer research company AC Nielsen.

Indonesia rose a point to 116 in the consumer confidence index, second only to India’s 127 and just above Norway’s 115.

About 70 percent of Indonesians polled described their job prospects as excellent or good, well above the 57 percent average for consumers in the Asia-Pacific region, and 77 percent of Indonesians said they were upbeat about their personal finances over the next 12 months.

In addition, 46 percent said they believed now was a good or excellent time to buy things they want and need, an increase from 41 percent six months ago.

“So optimism is growing and all things being equal, this should translate into spending,” said Catherine Eddy, Nielsen’s executive director of consumer research.

And the money will be spent on things other than washing machines and vacuum cleaners.

The survey found that Indonesians plan to indulge themselves by spending more on vacations and new clothes, while the percentage of those using disposable income to pay down debts has slipped to 28 percent from 30 percent in the third quarter of last year.

“It seems Indonesian consumers are gradually loosening their purse strings as we see increases in their intention to spend on what we might call indulgence categories,” Eddy said.

The Nielsen survey, conducted online in March, measured the views of 27,000 people in 55 countries in Asia, Europe, Latin America, North America and the Middle East. In Indonesia, a total of 505 online users participated in the survey.

Nielsen said the survey has a maximum margin of error of about 0.6 of a percentage point.

Globally, Lithuania, Croatia, and Portugal were the most pessimistic nations. Taiwan recorded the biggest jump in consumer confidence, followed by Singapore and Israel. Crisis-struck Greece recorded the steepest decline.

In Asia, the Philippines ranked third, Australia fourth and China fifth.

About 65 percent of Chinese consumers said they were are optimistic about their job prospects, while 64 percent said their personal finances were good, but only 41 percent said this is a good time to buy the things they want and need.

About 20 percent of Asia-Pacific consumers expressed concerns about the economy, 14 percent about the balance between life and work, and 11 percent about their health.

Consumer confidence in many markets rebounded to pre-recession levels of late 2007 and early 2008. Over the past year, the number of global consumers who believe their nation is in recession dropped to 58 percent, compared with 77 percent a year ago.

While exceedingly confident, Indonesians also rated the economy as their second-biggest concern. That compares to consumers in Asia Pacific who put the economy as their chief worry.

“Indonesians’ top priority is their work-and-life balance with 18 percent. The economy comes in at 17 percent, followed by children’s education at 14 percent, parents’ welfare and happiness at 13 percent,” Eddy said.

More than half - about 55 percent - of Indonesians surveyed do not believe Indonesia is in a recession.

“While, among those who do, 31 percent believe the situation will improve in the next 12 months,” Eddy said.

This is lower than the Asia-Pacific average. As many as 65 percent of consumers in the region say their country is not in recession, increasing from 57 percent in the third quarter of 2009.

However, Japanese and South Korean consumers seemed pessimistic, saying that their countries are in recession (77 percent and 76 percent, respectively).

However, Eddy said the optimism of Indonesian consumers was fragile.

“Spikes in fuel and the nine basic food prices can easily trigger more consumer spending. This usually happens in the second semester when Idul Fitri takes place,” she said.

Purbaya Yudhi Sadewa, chief economist at state-owned brokerage PT Danareksa Sekuritas, said the survey results bode well for the domestic economy, as spending contributes 60 to 65 percent of the nation’s gross domestic product.

“This year, consumer spending may contribute between 2.5 to 3 percentage points of the country’s targeted economic growth of 5.7 percent,” he said.


Wed, 30 Jun 2010
From: JakChat
Comment by Vulgarian
Quoting: biznews

About 70 percent of Indonesians polled described their job prospects as excellent or good...


They can't all be right.



News Search/Filter
Transaction Rates
23 Sep 18
Buy
Sell
AED1
3,920.15
3,920.15
AFN1
189.90
189.90
ALL1
133.87
133.87
AMD1
29.86
29.86
ANG1
7,809.11
7,809.11
AOA1
49.79
49.79
ARS1
387.30
387.30
AUD1
10,505.46
10,505.46
AWG1
7,997.07
7,997.07
AZN1
8,457.43
8,457.43
BAM1
8,664.82
8,664.82
BBD1
7,199.39
7,199.39
BDT1
171.92
171.92
BGN1
8,659.38
8,659.38
BHD1
38,254.15
38,254.15
BIF1
8.13
8.13
BMD1
14,398.78
14,398.78
BND1
9,530.21
9,530.21
BOB1
2,085.12
2,085.12
BRL1
3,554.55
3,554.55
BSD1
14,398.78
14,398.78
BTC1
96,777,717
96,777,717
BTN1
199.93
199.93
BWP1
1,354.30
1,354.30
BYN1
6,920.36
6,920.36
BZD1
7,168.35
7,168.35
CAD1
11,143.21
11,143.21
CDF1
8.77
8.77
CHF1
15,016.72
15,016.72
CLF1
615,859.24
615,859.24
CLP1
21.59
21.59
CNH1
2,102.22
2,102.22
CNY1
2,099.65
2,099.65
COP1
4.79
4.79
CRC1
24.89
24.89
CUC1
14,398.78
14,398.78
CUP1
564.65
564.65
CVE1
152.83
152.83
CZK1
660.85
660.85
DJF1
80.88
80.88
DKK1
2,268.22
2,268.22
DOP1
287.73
287.73
DZD1
122.46
122.46
EGP1
804.94
804.94
ERN1
960.09
960.09
ETB1
519.85
519.85
EUR1
16,929.79
16,929.79
FJD1
6,836.36
6,836.36
FKP1
18,823.54
18,823.54
GBP1
18,823.54
18,823.54
GEL1
5,884.28
5,884.28
GGP1
18,823.54
18,823.54
GHS1
3,035.72
3,035.72
GIP1
18,823.54
18,823.54
GMD1
295.05
295.05
GNF1
1.59
1.59
GTQ1
1,866.92
1,866.92
GYD1
68.94
68.94
HKD1
1,843.78
1,843.78
HNL1
599.54
599.54
HRK1
2,277.74
2,277.74
HTG1
207.25
207.25
HUF1
52.16
52.16
IDR1
1.00
1.00
ILS1
4,032.86
4,032.86
IMP1
18,823.54
18,823.54
INR1
199.32
199.32
IQD1
12.07
12.07
IRR1
0.33
0.33
ISK1
130.74
130.74
JEP1
18,823.54
18,823.54
JMD1
106.13
106.13
JOD1
20,265.51
20,265.51
JPY1
127.91
127.91
KES1
142.64
142.64
KGS1
211.31
211.31
KHR1
3.51
3.51
KMF1
34.39
34.39
KPW1
15.99
15.99
KRW1
12.91
12.91
KWD1
47,613.46
47,613.46
KYD1
17,288.80
17,288.80
KZT1
40.45
40.45
LAK1
1.69
1.69
LBP1
9.52
9.52
LKR1
85.36
85.36
LRD1
92.92
92.92
LSL1
1,001.69
1,001.69
LYD1
10,455.82
10,455.82
MAD1
1,540.60
1,540.60
MDL1
857.88
857.88
MGA1
4.22
4.22
MKD1
274.83
274.83
MMK1
8.85
8.85
MNT1
5.89
5.89
MOP1
1,790.86
1,790.86
MRO1
40.27
40.27
MRU1
402.20
402.20
MUR1
421.63
421.63
MVR1
934.37
934.37
MWK1
19.79
19.79
MXN1
764.71
764.71
MYR1
3,483.56
3,483.56
MZN1
236.82
236.82
NAD1
1,001.69
1,001.69
NGN1
39.72
39.72
NIO1
450.11
450.11
NOK1
1,766.51
1,766.51
NPR1
124.95
124.95
NZD1
9,625.58
9,625.58
OMR1
37,457.34
37,457.34
PAB1
14,398.78
14,398.78
PEN1
4,376.72
4,376.72
PGK1
4,334.17
4,334.17
PHP1
265.45
265.45
PKR1
116.92
116.92
PLN1
3,928.46
3,928.46
PYG1
2.46
2.46
QAR1
3,954.62
3,954.62
RON1
3,634.68
3,634.68
RSD1
143.35
143.35
RUB1
215.37
215.37
RWF1
16.34
16.34
SAR1
3,839.42
3,839.42
SBD1
1,825.14
1,825.14
SCR1
1,059.62
1,059.62
SDG1
797.52
797.52
SEK1
1,638.14
1,638.14
SGD1
10,557.07
10,557.07
SHP1
18,823.54
18,823.54
SLL1
1.71
1.71
SOS1
24.90
24.90
SRD1
1,930.65
1,930.65
SSP1
110.53
110.53
STD1
0.68
0.68
STN1
686.31
686.31
SVC1
1,646.59
1,646.59
SYP1
27.95
27.95
SZL1
1,001.69
1,001.69
THB1
444.81
444.81
TJS1
1,528.80
1,528.80
TMT1
4,113.95
4,113.95
TND1
5,193.21
5,193.21
TOP1
6,231.79
6,231.79
TRY1
2,287.87
2,287.87
TTD1
2,137.72
2,137.72
TWD1
469.91
469.91
TZS1
6.30
6.30
UAH1
513.65
513.65
UGX1
3.76
3.76
USD1
14,398.78
14,398.78
UYU1
437.62
437.62
UZS1
1.79
1.79
VEF1
0.05
0.05
VND1
0.62
0.62
VUV1
132.70
132.70
WST1
5,562.52
5,562.52
XAF1
25.80
25.80
XAG1
205,880.98
205,880.98
XAU1
17,271,154.84
17,271,154.84
XCD1
5,327.85
5,327.85
XDR1
20,217.70
20,217.70
XOF1
25.80
25.80
XPD1
15,142,593.26
15,142,593.26
XPF1
141.87
141.87
XPT1
11,914,891.62
11,914,891.62
YER1
57.51
57.51
ZAR1
1,005.74
1,005.74
ZMW1
1,238.04
1,238.04
ZWL1
44.66
44.66
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services