Indonesia stand at Rank #79

Posted by Nando Tampubolon on May-27-2009 Add Comments

Yesterday I did browse to forbes.com, and I found a good article. This article about Best Countries for Business, mentioned in the article that my country Indonesia rank on 79 from 127 Countries on the list. This position from country who only make GDP/Capita $3,900, get better than previous year in 2007 which at #81. Overall Indonesia do progress, for example like Monetary Freedom ranked at 92, Investor Protection at 11 and Personal Freedom at 54, but yet get down point on Tax Burden at 77  and Technology at 83.

Here is a full complete article about Indonesia’s rank at Best Countries for Business (Forbes version) :

” Indonesia, a vast polyglot nation, has made significant economic advances under the administration of President YUDHOYONO, but faces challenges stemming from the global financial crisis and world economic downturn. Indonesia’s debt-to-GDP ratio in recent years has been declined steadily because of increasingly robust GDP growth and sound fiscal stewardship. The government has introduced significant reforms in the financial sector including tax and customs reforms, the use of Treasury bills, and improved capital market supervision. Indonesia’s new investment law, passed in March 2007, seeks to address some of the concerns of foreign and domestic investors. Indonesia still struggles with poverty and unemployment, inadequate infrastructure, corruption, a complex regulatory environment, and unequal resource distribution among regions. The non-bank financial sector, including pension funds and insurance, remains weak, and despite efforts to broaden and deepen capital markets, they remain underdeveloped. Economic difficulties in early 2008 centered on high global food and oil prices and their impact on Indonesia’s poor and on the budget. The onset of the global financial crisis relieved inflation but also brought a host of new problems: a rout in the stock market, a difficult environment for bond issuance, lower prices for Indonesia’s commodities exports, and prospects for lower growth overall. ” (taken from : http://www.forbes.com)

Well, I admit that this rank not bring a big credit to Indonesia, but I am pretty sure with this rank by Forbes could make our country get motivated to do better and more better in the next day start from today. For more information, other country in South East Asia, Singapore stand at #3, and  Malaysia do a big moved from #25  on lst year become #13.

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