Apindo Projects 2018 Economic Growth of 5.2 Percent

By : Herry Barus And Aldo Bella Putra | Wednesday, December 06 2017 - 19:00 IWST

Ketua Umum Persatuan Hotel dan Restoran Indonesia (PHRI), Hariyadi Sukamdani (Foto:jurnas)
Ketua Umum Persatuan Hotel dan Restoran Indonesia (PHRI), Hariyadi Sukamdani (Foto:jurnas)

INDUSTRY.co.id - Jakarta - The Indonesian Employers Association (Apindo) projects Indonesia's economic growth in 2018 to be around 5.05-5.2 percent, lower than the target set by the government in the 2018 State Budget (APBN) of 5.4 percent.

Chairman of Apindo Hariyadi B Sukamdani said that the projection of economic growth in 2018 is based on the evaluation conducted by business actors during 2017. If there is no significant change, then economic growth will be lower than the government target.

"If there is no significant change in the management of our economy, then the economic growth is around 5.05-5.2 percent," said Hariyadi in Jakarta, Tuesday (05/12/2017

The government is expected to try to improve the productive motors of economic drivers such as conventional industry sectors and new sectors such as tourism and creative industries. In addition, in 2018 is a political year that could have an impact on the Indonesian economy.

According Hariyadi, political dynamics in 2018 will have an impact on the Indonesian economy if not managed properly, especially the impact of politics that cause division in society and affect the perception of economic meltdown.

"The issue of SARA, we really expect not to happen, because the effect that directly affects economic actors," said Hariyadi as quoted by Antara.

In addition, Apindo also highlighted two things that could potentially be a constraint to business performance in 2018, in addition to external and global factors that are beyond the ability of the government to regulate it. The first point is a contradictory ministerial and ministerial policy that contradicts the spirit of regulatory simplification.

The second point is, the development of regulation in areas that have not run unidirectional and in line with the spirit of the central government as part of the process of structural reform.

Apindo also notes some strategic issues that can foster optimism of the business world in 2018. The issue of economic policy package issued by the government until the end of 2017, although still shackled by thousands of regulations, if implemented would be a hope for the business world.

One of them is related to the 16th Economic Policy Package about Accelerating the Implementation of Business. If the business licensing bureaucracy problem can be solved through one online registration, then it is considered able to improve the competitiveness of the business world in Indonesia.

News Comment

Today's Industry

Oleg Mogilevsky - Product Marketing Manager at Check Point Software Technologies (Photo by Linkedin)

Selasa, 10 November 2020 - 11:00 WIB

Five Reasons to Reevaluate Your Endpoint Protection

With the new emerging threats caused by remote working standards, security professionals need to reevaluate their approach to protecting endpoints. In order to do so, it’s vital that organisations…

Darrell Adams, Head of Southeast Asia & Oceania, Universal Robots (Photo by LinkedIn)

Selasa, 10 November 2020 - 10:30 WIB

Collaborative Robots Open New Horizons in Quality Control Processes

Collaborative robots (cobots) offer suitable solutions to manufacturers. Hence, cobot-based quality control and inspection systems that can transition between different end products in very…

Ilustration Hackers (Photo by Microwire.info)

Jumat, 30 Oktober 2020 - 11:20 WIB

Organisations Paid Hackers US$23.5 Million for These 10 Vulnerabilities in One Year

HackerOne report reveals cross-site scripting, improper access control, and information disclosure top list of most common and impactful vulnerabilities.

Clean Earth Technologies (CET)

Jumat, 30 Oktober 2020 - 10:30 WIB

Clean Earth Technologies’ New Class Of Polymers Invented By Associate Professor, Justin Chalker, Receives Australian Pm’s New Innovator Award

Associate Professor Justin Chalker has invented a novel class of polymers synthesised directly from elemental sulphur which is a waste by-product of the petrochemical industry and renewable…

Adi Ikan - Network Research & Protection Group Manager, at Check Point Software Technologies (Photo by Linkedin)

Jumat, 30 Oktober 2020 - 10:05 WIB

Measuring the Global Impact of the NSA’s Top 25 Vulnerabilities Being Exploited In the Wild

NSA’s list of top vulnerabilities were used to launch 3 million attacks in 2020, with 2.5 million of those attacks occurring in the last 6 months.