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Jakarta Post

Analysis: RI manufacturing industries: Some opportunities ahead?

  • Andry Asmoro

  /   Thu, April 15 2010   /  10:58 am

Indonesia’s economy entered 2010 with a very bright outlook, seeing it hoping to become one of the best performing countries in the region, together with China and India. This optimism led the government to target to reduce unemployment to 7.6 percent from 7.9 percent in 2009, which meant it would push the 2010 economy to absorb at least an additional 0.3 percent employment this year.It is worth noting that 70 percent of the total employment in Indonesia was contributed by agriculture, manufacturing industry and hotels and restaurants. Among these three sectors, we would see manufacturing industries providing the most opportunities this year, as well as a threat from delayed infrastructure-related projects. In the fourth quarter of 2009, manufacturing industries booked a year-on-year (y-y) growth of 4.2 percent. This was slightly less than the nine-year average of 4.4 percent if we inc...