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Indonesia Economy and Business – Risk Assessment

As the main source of growth in the economy, private consumption (57% of GDP in 2016) is stimulated by an increasing population, an increasing urbanization, and a rise in GDP per capita allowing the emergence of a middle class. The moderation of inflation, contained in the lower portion of the target of 4 ± 1% of the central bank, should support this private demand. The infrastructure development Programme launched by the Government of President Widodo in 2016 (225 priority infrastructure projects), as well as the recent reforms to simplify administrative procedures, should Boost investment (32% of GDP).

Finally, exports (19% of GDP) of raw materials (oil and gas, palm and copra oils, lignite, copper), as well as electrical and computer components, automobiles, paper, clothing and goldsmiths’ products, will be Dynamic but offset by the vigour of imports linked to domestic demand.

Master deficits

Constrained by a constitutional limit of 3% annual deficit, the Indonesian government has undertaken tax reforms to control its spending and increase its revenue. Subsidies (including energy) have been reduced to reorient public spending towards infrastructure investments. On the revenue side, the increase linked to remittances following the tax amnesty set up in 2016 (+ 3.6% of Revenues end 2015 and 2016) should not allow the Government to achieve its objectives. This lack of income is likely to lead to a reduction in spending. In this context of controlled public deficit, the public debt should remain low, with interest rates declining following the new “investment grade” ranking of Business in Indonesia by the three major rating agencies. From the point of view of the current account, the trade balance is surplus (1.6% of GDP in 2016), thanks to the lightening of the oil bill, constituting 14% of imports in 2016. The balance of services is low in deficit (-0.8% of GDP) but the main cause of the current deficit is the revenue shortfall (-3.3% of GDP), linked to the repatriation of dividends and the payment of interest on debt. This current deficit is largely financed by FDI flows (1.7% of GDP) and portfolio investment (2.0% of GDP), allowing the Indonesian central bank to accumulate reserves. The latter leads a policy of monetary easing illustrated by the surprise drop in its reference rates in August 2017 in order to stimulate activity. The rupee remains dependent on short-term capital flows with 39.5% of sovereign bonds denominated in rupee held by foreigners. read more

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Enjoying the Relationship Man and Nature with Bromo Tour Package

Enjoying the Relationship Man and Nature with Bromo Tour Package

Do you like mountain climbing? Or, are you just sun connoisseur who want to spend a lot of time waiting for the sun to rise or set? Well, Bromo Mountains answer all your needs. It is not only about the mountain, but Bromo is also known for its ecosystems that support each other. The local people call it an inseparable relationship between man and nature. This is why the Tengger tribe as a local resident of Bromo Mountain always preserves the surrounding nature. They work so hard that these beautiful locations are not destroyed by human hands. Thus, although there are many options of Bromo tour package with various tourist sites, there is one rule that must be obeyed: do not damage the location around Bromo or make local residents angry. Please chek following link https://bromo-tour.com/surabaya-bromo-ijen-tour/

Around Bromo, there is a series of interesting attractions to visit. All attractions are usually already entered into a series of Bromo tour package provided by some tour and travel providers. One of the interesting locations is Coban Pelangi. This place is a famous waterfall which has a perennial rainbow around it, hence the name. This is caused by the reflection of sunlight that directly illuminates the surface of waterfall. It’s coupled with the intensity of water, resulting in a beautiful rainbow. For those who enjoy the interaction between people, you can visit the traditional village of Tengger. There, you will be welcomed by Tengger tribesmen who will be happy to introduce their cultural customs to wider community

As a tourist attraction, Bromo stores a lot of hidden potentials. This is done to maintain the authenticity and sustainability of the mountain Bromo itself. However, do not let that deter you from enjoying the creation of this magnificent god. There are various ways you can do; one of them is by following a series of tours that are available in Bromo tour package from various tour and travel. Enjoying the Relationship Man and Nature Bromo Tour Package with https://bromo-tour.com/
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