Mon, 04 Oct 2010

TEMPO Interactive, Jakarta:The result of a survey carried out by Hongkong and Shanghai Banking Corporation (HSBC) Trade Confidence Monitor during the second quarter of 2010 has showed that businessmen in Indonesia are very optimistic, and the index is even the third highest after India and United Arab Emirates.

The trust index in Indonesia is higher than other Southeast Asian countries.

The global survey interviewed 5,124 exporters and importers in 17 countries from July 19 until September 1, 2010.

In Indonesia, 300 respondents were surveyed to measure the sentiment and expectations towards international trade activities for the next six months.

From the 17 countries, India, United Arab Emirates, Indonesia, and Mexico showed a high trust level towards the international trade prospects in the second quarter of 2010.

Earlier, in the first quarter, the most optimistic countries were the United Arab Emirates, India, and Vietnam.

At that time, Indonesia was in fifth position.
Meanwhile, the trust level in China and Vietnam dropped compared to the previous quarter.

In the first quarter, China and Vietnam were ranked 6th and 3rd, while during the second quarter they went down to the 10th and 6th positions.

According to the Head of Trade and Supply Chain HSBC Indonesia, Vincent C. Sugianto, the two fundamental factors triggering the respondents’ positive views were economic and political stability in Indonesia.

The survey also cited the main impediment in the export and import business is the fluctuation of foreign exchange and trade regulations.

Vincent hopes that the government pays attention to the survey result because the trust level of Indonesian businessmen is higher than that of other Asian regions.

Moreover, the Association of Young Indonesian Businessmen (Hipmi) chairman, Erwin Aksa, urged the government to provide various insurance packages for investors. In that way, investors will feel safer to invest.