Melalui blog

Fitch Ratings raised the long-term foreign and local currency rating to BBB- from BB+ for Indonesia sovereign debt on Thursday Dec-15, 2011. Some considered factors are: better economic performance, strong external liquidity, low public debt ratio and continue lower, and caully planned macro economy policy.

Infrastructure problem is still one of the biggest challenge, Indonesian parliament has approved a bill to empower government to take over lands and properties for infrastructure development with appropriate compensation for owners. 

As the biggest economy in ASEAN and member of G-20, population of Indonesia according to the 2010 national census is 237.6 million, 58% of the population lives on Java and become the worlds most populous island, this is a demographic problem and need to be solved. Infrastructure development will never be enought for Java. Especialy for Jakarta with about 10 million population or about 4% of total Indonesia population. Jakarta has 661 square kilometres area, with population density 15 thousand people per square kilometers.

While European leaders struggled to solve the region’s debt crisis and make average year to date growth for G-20 stock index lower to -15%, only Wall Street and Jakarta year to date stock index are in green as per Friday Dec 16, 2011.