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Jakarta Post

RI the hottest destination in SE Asia, say analysts

  • The Jakarta Post

Jakarta   /   Wed, September 29 2010   /  10:24 am

With the ongoing economic reform, huge domestic market as well as a growing middle class, Indonesia has emerged as the hottest investment destination in Southeast Asia, analysts said.Deloitte Asia Pacific CEO Chaly Mah said on Tuesday that Indonesia had all the ingredients to
achieve sustainable economic growth of between 6 and 7 percent, thanks to its strong macro-economic fundamentals.Indonesia’s strong economy is highlighted by its rising per capita GDP (nominal), which is expected to exceed US$3,600 by 2012, its richness in natural resources, and its population of almost 240 million,
he said.However, the economic reforms should be continued to ensure that in the future Indonesia would have a more efficient economy, free of red tape and corruption, he added.“The government should focus more on improving efficiency and removing red tape in the public sector to make sure Ind...