Indonesian president asks foreign investors support to lessen crisis impact
Indonesian President Susilo Bambang Yudhoyono on Tuesday asked foreign investors to support Indonesia's economy to cushion the fallout of the global recession.
The president said this in front of president directors and senior executives of foreign-invested companies in Indonesia at the State Palace.
"I am pleased to tell you that even though we are still facing great challenges ahead, because the crisis is not over yet, to a certain degree we are able to manage the situation. We will continue to do so, with your support, with your partnership in dealing with our economic situation here in Indonesia," said President Susilo.
The president said that Indonesia had emerged relatively better than most other countries in the wake of crisis as indonesia's export volume was only 29 percent of its GDP.
Therefore, Susilo is optimistic that the country may report a 4.5 percent economic growth this year.
Beside, "fiscal stimulus of 73.3 trillion rupiah (some 6.1 billion U.S. dollars) and varies pro-poor and pro-growth schemes will create new momentum," he said.
Chairman of Indonesian Commerce Muhammad Hidayat said that 14.5 billion U.S. dollars out of 17 billion U.S. dollar of Indonesia's total investment in 2008 was from foreign investors.
Source: Xinhua
The president said this in front of president directors and senior executives of foreign-invested companies in Indonesia at the State Palace.
"I am pleased to tell you that even though we are still facing great challenges ahead, because the crisis is not over yet, to a certain degree we are able to manage the situation. We will continue to do so, with your support, with your partnership in dealing with our economic situation here in Indonesia," said President Susilo.
The president said that Indonesia had emerged relatively better than most other countries in the wake of crisis as indonesia's export volume was only 29 percent of its GDP.
Therefore, Susilo is optimistic that the country may report a 4.5 percent economic growth this year.
Beside, "fiscal stimulus of 73.3 trillion rupiah (some 6.1 billion U.S. dollars) and varies pro-poor and pro-growth schemes will create new momentum," he said.
Chairman of Indonesian Commerce Muhammad Hidayat said that 14.5 billion U.S. dollars out of 17 billion U.S. dollar of Indonesia's total investment in 2008 was from foreign investors.
Source: Xinhua