Oleh Wandi, Rabu, 20 Januari 2016 | 12:38 WIB - Redaktur: Filmon Warouw - 754
Jakarta, InfoPublik - President Director of Indonesian Stock Exchange (IDX) Tito Sulistio believes Indonesia's economic growth will accelerate in 2016 despite the Thamrin Bomb Attack in early January.
According to him, there are several reasons that make Indonesian economy better. In the post-crisis in 2015, government boosted infrastructure development and it will continue in 2016. The economic growth by an average of 4.7 percent is still stable compared to the economic growth in 1998 and 2008. Then, Mr. Sulistio said, tax amnesty plan is expected to bring approximately Rp2,000 trillion of funds into Indonesia. "Insya Allah [If God willing], investors will see this in a positive attitude and confidence that whatever happens in Indonesia, the economy remains strong," he said in IDX Jakarta on Sunday (1/17).
Furthermore, he explained that the government's decision to cut fuel price has made people's purchasing power increases. According to him, any Rp100 subsidies reduction, there is Rp4 million purchasing power increase." So, people’s purchasing power will increase Rp15 trillion per year," he said.
In addition, he also appreciated Rp150 price reduction of gasoline because the yearly demand has reached 30 million kiloliter. "If there is price reduction, people’s purchasing power will increase and there will be an increase in incoming funds," he explained.
Meanwhile, visa exemption in tourism sector and Bank Indonesia’s (BI) interest rate cut may raise economic activities. "Hopefully, there will be another cut in interest rate. BI said there is a possibility for another cut again, so we are looking for it," he said. (Translator: Wilda Stiana)
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