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Jakarta Post

Indonesia: Asia's emerging powerhouse

  • Fauzi Ichsan

Jakarta   /   Fri, September 11 2009   /  02:50 pm

Over the past few months, there has been a sudden surge in interest in Indonesia among the international investor community. A US investment bank said the BRIC economies (Brazil, Russia, India and China), which had been fueling global growth for several years before the global financial crisis hit the global economy in the second half of 2008, should now include Indonesia. Another securities house has ingeniously invented the term "Chindonesia": China, India and Indonesia, as Asia's economic bulwarks. Even the World Bank has said that Indonesia could emerge as the "winner" of the current global economic crisis. Indonesia is suddenly hot, back on the radar of global investors who, during the Asian financial crisis of 1997-1998, abandoned the country en masse. The investors' vote of confidence came, of course, with their money. Since the start of 2009, Indonesia's stock exchange ...