08 Aug '11, 1pm

Indonesia will likely outperform rest of Asia: analysts

Indonesia will likely outperform rest of Asia: analysts

SINGAPORE: Indonesia's Jakarta Composite Index is one of just four regional stock indices that has moved up this year - by almost four per cent. Credit Suisse ranks the Indonesian economy as one of the least vulnerable to a US/euro zone demand shock. If the auto industry is a proxy for economic growth, then domestic demand in Indonesia has quadrupled in the last decade. The country is also overtaking Japan as the top Asian importer of wheat, with its increasingly affluent population of almost 200 million. With a growth forecast of 6 per cent this year and 7 per cent by 2013, Indonesia is proving to be a haven for investors. Sani Hamid, director of wealth management, Financial Alliance, said: "I think Indonesia itself has a huge potential of being a net exporter of a number of commodities. You will find a lot of liquidity going into Indonesia. "Recently in the last couple o...

Full article: http://www.channelnewsasia.com/stories/southeastasia/view...

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