Business and Finance Information

Archive for March, 2009

How does the impact of the unemployment crisis in Indonesia? The impact of this crisis could be lessened investors to invest funds into the real sector. In addition, raw material difficulties in the real sector depends on imported raw materials. If this happens, it could result in lower capital and production companies will decrease. Finally, for still goes on production, the company would not want to cut the number of employees. Trimming already begun, of which one of the employees laid off garment factory in Karawang, plans layoffs of hundreds of thousands of daily workers of oil palm plantations in Riau, and there is the possibility of getting more lines that the company will do it. In 2006, the number of open unemployment reached 11,104,693 inhabitants and fell to 10,547,917 inhabitants in 2007. Thus, the estimated unemployment rate in Indonesia will increase.

Similarly, with our exports and imports. From January to September 2008, a new non-oil export value reached US.342, 6 million, still lower when compared with 2007, for US.012, 3 million. A cumulative value of Indonesian exports in January-September 2008 reached US7, 65 billion or 29.69% increase compared to the same period in 2007. Meanwhile, during January-September 2008 reached the value of imports Indonesia US1, 09 billion. With U.S. oil imports, 90 billion and non-oil imports of U.S., 19 billion. How in 2008? During September 2008, the share of non-oil export markets are the second largest after Japan in the United States of U.S., 23 billion, and Singapore followed by US5, 1 Jula. With this crisis, people’s purchasing power decreases and the United States may affect the value of exports to that country. Estimated, the value of Indonesian exports as a whole is still above the previous year. Moreover, if the export in the next year transferred to countries that are not directly affected by the crisis, as countries Middle East and Africa.

What about the Indonesian people’s purchasing power alone? Since raising fuel prices, inflation rose from 6.59% in 2007 to 10.96% for the calendar year from January to October 2008. As a result, the purchasing power of Indonesian society more sag. However, towards the end of this 2008 world oil prices began to fall. Properly, it becomes good news.

Some effect will eventually lead to economic growth this year. The Indonesian government must maintain economic growth of 6%, as proclaimed by President Susilo Bambang Yudhoyono in the second step of the contents of the 10 steps to stem the global crisis. Read the rest of this entry »