MondayFiled under Asia News, Southeast Asia, Business & Politics
Indonesia’s petrol-price hike could put the brakes on the speed at which consumers in Southeast Asia’s biggest auto market buy cars and switch to four-wheels from two.
President Joko Widodo last week cut subsidies and raised gasoline prices more than 30 percent to open the way for budget and other reforms.
In the long-term, the change should strengthen the Indonesian economy, now growing at its slowest pace in five years. In the short-run, it may impact auto sales.
Next year “car sales probably won’t grow,” said Leonardo Henry Gavaza, a senior research manager at Bahana Securities. “Motorbike sales will be more resilient.”
Growth rates have been declining since 2010’s stunning 58 percent rise. January-October saw only a 1.8 percent increase for a year earlier, reflecting how annual economic growth has slipped to 5 percent.
- Posted 11.24.14
In the silences as well as the speeches made during President Obama’s recent visit to Myanmar, attentive observers could glimpse a dramatic illustration of the tension between morality and amoral realism in the execution of US foreign policy. Reading from one script, Obama assured the people of Myanmar that he understood “the process of reform […]
- Posted 11.23.14
The Korean embassy in Dhaka is arranging a film festival to bring its culture closer to Bangladeshi people.
- Posted 10.15.13
When Playboy term gears up We see the hotties on screen and immediately undress them with our eyes. These actresses acknowledged that and decided to show the world the real thing via the best known way to bare it all for Playboy Television, of course. And they definitely don’t disappoint!. When Playboy ladies names get […]
- Posted 07.14.13
It’s not new but recently, online shopping demand in Bangladesh is rapidly growing. Where everyone is now choosing to buy products from online & social networking sites with an expectancy of home delivery. This type of online retails are known as e-commerce business and mostly popular in western countries since 80s. Unlike many other e-commerce […]