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

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…