Monday, 28 July 2008

Export volume will decrease

Entrepreneurs think export growth for non-oil and gas this year will be only at 10% maximum. The Secretary General for Indonesian Exporters Association, Totok Dirgantara, said that last year Indonesian export volume can survive as the international commodities price improved. “But it is likely stagnant for this year while our export volume decreased,” he told Tempo. He explained it is caused by the weakened global economy and fuel price hike that reduces the demand. “Many countries now limit their imports to secure their food stock,” he said. Totok asked the government to stabilize the local currency. “If the rupiah reaches Rp.10,000 for one dollar, Indonesia will be in the same situation such as ten years ago when it was hit by the monetary crisis.” (,20080530-123987,uk.html)

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