ID :
116137
Sun, 04/11/2010 - 21:40
Auther :
Shortlink :
https://oananews.org//node/116137
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EXPORTS MUST BE INCREASED: MINISTER
Bandung, W Java, Indonesia, April 11 (ANTARA) - Chief Economic Minister Hatta Rajasa said that investment and exports must be boosted in order to support the country's economic growth which was set at 5.5 percent.
"The government has for 2010 set a rather moderate and conservative economic growth at 5.5 percent. There is the potential for the economy to grow higher so that we need to consistently boost investment and exports," the minister told a workshop on the state budget here over the weekend.
Hatta said that investment and export performance were linked to three main things, namely infrastructures, energy policy and interest rates.
He said that infrastructures must be improved soon because otherwise it would hamper the growth of industries and exports.
Well-developed infrastructures could serve as a basis for Indonesia to play an important role within the ASEAN economic community in 2015, he said.
The minister said that the government should also improve its oil policy based on national interest because the energy sector was the backbone of increasing the competitive edge of industries, whose development, if hampered, could slow down the manufacturing sector.
Besides the infrastructures and energy policy, interest rates also played a decisive role in increasing investment and generating exports. Favorable landing rates would attract foreign investment.
But all this, he said, will depend on the performance and policy of Bank Indonesia (BI), the Indonesian central bank.
In this case, the minister said, the government will not interfere into the BI policy but hope that BI would facilitate the lowering of landing rates so that business makers would be able to increase their competitiveness.
"The government has for 2010 set a rather moderate and conservative economic growth at 5.5 percent. There is the potential for the economy to grow higher so that we need to consistently boost investment and exports," the minister told a workshop on the state budget here over the weekend.
Hatta said that investment and export performance were linked to three main things, namely infrastructures, energy policy and interest rates.
He said that infrastructures must be improved soon because otherwise it would hamper the growth of industries and exports.
Well-developed infrastructures could serve as a basis for Indonesia to play an important role within the ASEAN economic community in 2015, he said.
The minister said that the government should also improve its oil policy based on national interest because the energy sector was the backbone of increasing the competitive edge of industries, whose development, if hampered, could slow down the manufacturing sector.
Besides the infrastructures and energy policy, interest rates also played a decisive role in increasing investment and generating exports. Favorable landing rates would attract foreign investment.
But all this, he said, will depend on the performance and policy of Bank Indonesia (BI), the Indonesian central bank.
In this case, the minister said, the government will not interfere into the BI policy but hope that BI would facilitate the lowering of landing rates so that business makers would be able to increase their competitiveness.
