Indonesia Economic Quarterly, December 2015 : Reforming Amid Uncertainty
The Indonesia Economic Quarterly (IEQ) has two main aims. First, it reports on the key developments over the past three months in Indonesia’s economy, and places these in a longerterm and global context. Based on these developments, and on policy c...
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| Format: | Report |
| Language: | English en_US |
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Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/05/26377963/reforming-amid-uncertainty http://hdl.handle.net/10986/24437 |
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okr-10986-24437 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
| topic |
TAX INCENTIVES ENTERPRISE CREDIT MONETARY POLICY HOLDING PORTFOLIO INFLOWS EQUIPMENT ACCOUNTING DEPOSITS FINANCIAL MARKET PARTICIPANTS INTEREST EMERGING MARKET BOND EXTERNAL FUNDING GOVERNMENT REGULATION OPTION TOTAL DEBT EXPORTERS REVENUES PORTFOLIO FISCAL POLICY CAPITAL ADEQUACY MARKET EQUITIES LOAN INVESTMENT LOANS TREATIES MARKET ACCESS GOVERNMENT SUPPORT INFORMATION SYSTEMS DEBT BURDEN LONG-TERM COST MARKET PARTICIPANTS CONVERSION SECURITIES ISSUANCE LABOR MARKET CAPITAL ALLOCATION ENFORCEMENT MECHANISMS OIL PRICES INVESTMENT SPENDING DERIVATIVES CURRENCY EXPORT GROWTH LONG-TERM COSTS TRANCHES GOVERNMENT BOND YIELD CAPITAL FORMATION BOND ISSUANCE INTERNATIONAL BOND EMERGING MARKET DEBT MARKETS LOCAL GOVERNMENT INFLATION RATE SETTLEMENT CONSUMPTION EXPENDITURE BUDGET DEFICIT DOMESTIC DEBT SHORT-TERM CAPITAL BORROWING COSTS FOREIGN EXCHANGE TRANSACTIONS EQUITIES INVENTORY LAND VALUE COMMODITY PRICE MARKET ECONOMIES BANKING SECTOR FISCAL DEFICIT INVESTMENT DECISIONS TRANSACTIONS INVESTMENT FLOWS LAND TITLES EMERGING MARKETS MACROECONOMIC ENVIRONMENT INTEREST PAYMENTS EQUITY INDICES GOVERNMENT BUDGET INTERNATIONAL TRADE TRANSPARENCY FUTURE FOREIGN INFLOWS FIXED CAPITAL FOREIGN INVESTMENT DISBURSEMENTS ISSUANCE SHARES REAL EXCHANGE RATE SPOT MARKET LOCAL CURRENCY GLOBAL BONDS SECURITIES INSURANCE CAPITAL GRANTS CURRENCIES GOVERNMENT DEBT HOLDING REQUIREMENT GOVERNMENT BONDS GLOBAL TRADE REGISTRATION SYSTEM DOMESTIC CREDIT INVESTMENT ACTIVITY TREATY FINANCIAL DEVELOPMENTS EMERGING MARKET EQUITIES SECURITIES ISSUANCES PORTFOLIO INVESTMENT FINANCIAL SUPPORT INTEREST RATE SPREADS CONSUMER PRICE INDEX LENDING GOVERNMENT INVESTMENT RISK AVERSION PUBLIC SPENDING PORTFOLIO FLOWS COMMODITY PRICES HUMAN DEVELOPMENT TARIFFS DEFICIT PLEDGES DEPOSIT REGULATORY FRAMEWORK BASIS POINTS LIABILITY OIL PRICE LANDHOLDERS VARIABLE COSTS FINANCIAL MANAGEMENT STOCK FOREIGN INVESTORS ASSET PRICES EMERGING ECONOMIES INTEREST RATE PROPERTY RIGHTS EXCHANGE STOCK MARKET BALANCE OF PAYMENTS LOCAL GOVERNMENTS CONSUMER GOODS ISSUANCES EQUITY MARKET INFRASTRUCTURE DEVELOPMENT POLITICAL ECONOMY RURAL CREDIT BONDS MACROECONOMIC CONDITIONS PREFERENTIAL MARKET ACCESS BOND SPREAD TAX CASH TRANSFER INCOME TAX NON-PERFORMING LOANS GOVERNMENT BOND BOND YIELDS BUDGETING PLEDGE BENEFICIARIES INFLATION INTERNATIONAL BANK FOREIGN INVESTMENTS EMERGING MARKET ECONOMIES BUDGET MATURITY INTERNATIONAL FINANCE TRADE BALANCE BOND INDEX GLOBAL ECONOMY AGRICULTURAL COMMODITIES DISBURSEMENT BOND YIELD CONTRACTS TRADING INTEREST RATES CAPITAL OUTFLOWS PRIVATE INVESTMENT RETURN ECONOMIC POLICIES BASIS POINT DIRECT INVESTMENT LOANS RESERVES INVENTORIES GROSS DOMESTIC PRODUCT RETURN ON ASSETS FINANCE FOREIGN CURRENCY BROKER MARKET REQUIREMENTS TAXES ACCESS TO INFORMATION MARKET INTEREST RATE EXPENDITURE DOUBLE TAXATION GOVERNMENT SECURITIES EQUITY INCOME TAXES INVESTORS FORWARD MARKET INVESTMENT LOAN TRANCHE LAND AS COLLATERAL FIXED INVESTMENT BUDGETS WORKING CAPITAL CONTRACT EXPENDITURES CAPITAL FLOWS PROPERTY CURRENT ACCOUNT DEFICIT BALANCE SHEET MARKET RURAL BANK FOREIGN EXCHANGE LAND TITLE EXPROPRIATION TRADE SECTORS GOODS INVESTOR TRADING SYSTEM SECURITY BOND SALE BANK LOANS FINANCIAL MARKET STOCKS INVESTMENT BOND LEGAL PROTECTION INTERNATIONAL INVESTOR SOVEREIGN BONDS SHARE COLLATERAL POVERTY FINANCIAL MARKETS TARIFF CAPITAL INFLOWS REVENUE EXTERNAL DEBT PROFIT LEVIES INVESTMENTS RISK MANAGEMENT INTELLECTUAL PROPERTY CREDIT GROWTH FINANCIAL RISK EXCHANGE RATE PROFITS GUARANTEE SWAP EXTERNAL BORROWING CLAIMANT |
| spellingShingle |
TAX INCENTIVES ENTERPRISE CREDIT MONETARY POLICY HOLDING PORTFOLIO INFLOWS EQUIPMENT ACCOUNTING DEPOSITS FINANCIAL MARKET PARTICIPANTS INTEREST EMERGING MARKET BOND EXTERNAL FUNDING GOVERNMENT REGULATION OPTION TOTAL DEBT EXPORTERS REVENUES PORTFOLIO FISCAL POLICY CAPITAL ADEQUACY MARKET EQUITIES LOAN INVESTMENT LOANS TREATIES MARKET ACCESS GOVERNMENT SUPPORT INFORMATION SYSTEMS DEBT BURDEN LONG-TERM COST MARKET PARTICIPANTS CONVERSION SECURITIES ISSUANCE LABOR MARKET CAPITAL ALLOCATION ENFORCEMENT MECHANISMS OIL PRICES INVESTMENT SPENDING DERIVATIVES CURRENCY EXPORT GROWTH LONG-TERM COSTS TRANCHES GOVERNMENT BOND YIELD CAPITAL FORMATION BOND ISSUANCE INTERNATIONAL BOND EMERGING MARKET DEBT MARKETS LOCAL GOVERNMENT INFLATION RATE SETTLEMENT CONSUMPTION EXPENDITURE BUDGET DEFICIT DOMESTIC DEBT SHORT-TERM CAPITAL BORROWING COSTS FOREIGN EXCHANGE TRANSACTIONS EQUITIES INVENTORY LAND VALUE COMMODITY PRICE MARKET ECONOMIES BANKING SECTOR FISCAL DEFICIT INVESTMENT DECISIONS TRANSACTIONS INVESTMENT FLOWS LAND TITLES EMERGING MARKETS MACROECONOMIC ENVIRONMENT INTEREST PAYMENTS EQUITY INDICES GOVERNMENT BUDGET INTERNATIONAL TRADE TRANSPARENCY FUTURE FOREIGN INFLOWS FIXED CAPITAL FOREIGN INVESTMENT DISBURSEMENTS ISSUANCE SHARES REAL EXCHANGE RATE SPOT MARKET LOCAL CURRENCY GLOBAL BONDS SECURITIES INSURANCE CAPITAL GRANTS CURRENCIES GOVERNMENT DEBT HOLDING REQUIREMENT GOVERNMENT BONDS GLOBAL TRADE REGISTRATION SYSTEM DOMESTIC CREDIT INVESTMENT ACTIVITY TREATY FINANCIAL DEVELOPMENTS EMERGING MARKET EQUITIES SECURITIES ISSUANCES PORTFOLIO INVESTMENT FINANCIAL SUPPORT INTEREST RATE SPREADS CONSUMER PRICE INDEX LENDING GOVERNMENT INVESTMENT RISK AVERSION PUBLIC SPENDING PORTFOLIO FLOWS COMMODITY PRICES HUMAN DEVELOPMENT TARIFFS DEFICIT PLEDGES DEPOSIT REGULATORY FRAMEWORK BASIS POINTS LIABILITY OIL PRICE LANDHOLDERS VARIABLE COSTS FINANCIAL MANAGEMENT STOCK FOREIGN INVESTORS ASSET PRICES EMERGING ECONOMIES INTEREST RATE PROPERTY RIGHTS EXCHANGE STOCK MARKET BALANCE OF PAYMENTS LOCAL GOVERNMENTS CONSUMER GOODS ISSUANCES EQUITY MARKET INFRASTRUCTURE DEVELOPMENT POLITICAL ECONOMY RURAL CREDIT BONDS MACROECONOMIC CONDITIONS PREFERENTIAL MARKET ACCESS BOND SPREAD TAX CASH TRANSFER INCOME TAX NON-PERFORMING LOANS GOVERNMENT BOND BOND YIELDS BUDGETING PLEDGE BENEFICIARIES INFLATION INTERNATIONAL BANK FOREIGN INVESTMENTS EMERGING MARKET ECONOMIES BUDGET MATURITY INTERNATIONAL FINANCE TRADE BALANCE BOND INDEX GLOBAL ECONOMY AGRICULTURAL COMMODITIES DISBURSEMENT BOND YIELD CONTRACTS TRADING INTEREST RATES CAPITAL OUTFLOWS PRIVATE INVESTMENT RETURN ECONOMIC POLICIES BASIS POINT DIRECT INVESTMENT LOANS RESERVES INVENTORIES GROSS DOMESTIC PRODUCT RETURN ON ASSETS FINANCE FOREIGN CURRENCY BROKER MARKET REQUIREMENTS TAXES ACCESS TO INFORMATION MARKET INTEREST RATE EXPENDITURE DOUBLE TAXATION GOVERNMENT SECURITIES EQUITY INCOME TAXES INVESTORS FORWARD MARKET INVESTMENT LOAN TRANCHE LAND AS COLLATERAL FIXED INVESTMENT BUDGETS WORKING CAPITAL CONTRACT EXPENDITURES CAPITAL FLOWS PROPERTY CURRENT ACCOUNT DEFICIT BALANCE SHEET MARKET RURAL BANK FOREIGN EXCHANGE LAND TITLE EXPROPRIATION TRADE SECTORS GOODS INVESTOR TRADING SYSTEM SECURITY BOND SALE BANK LOANS FINANCIAL MARKET STOCKS INVESTMENT BOND LEGAL PROTECTION INTERNATIONAL INVESTOR SOVEREIGN BONDS SHARE COLLATERAL POVERTY FINANCIAL MARKETS TARIFF CAPITAL INFLOWS REVENUE EXTERNAL DEBT PROFIT LEVIES INVESTMENTS RISK MANAGEMENT INTELLECTUAL PROPERTY CREDIT GROWTH FINANCIAL RISK EXCHANGE RATE PROFITS GUARANTEE SWAP EXTERNAL BORROWING CLAIMANT World Bank Indonesia Economic Quarterly, December 2015 : Reforming Amid Uncertainty |
| geographic_facet |
East Asia and Pacific Indonesia |
| description |
The Indonesia Economic Quarterly (IEQ)
has two main aims. First, it reports on the key developments
over the past three months in Indonesia’s economy, and
places these in a longerterm and global context. Based on
these developments, and on policy changes over the period,
the IEQ regularly updates the outlook for Indonesia’s
economy and social welfare. Second, the IEQ provides a more
in-depth examination of selected economic and policy issues,
and analysis of Indonesia’s medium-term development
challenges. It is intended for a wide audience, including
policymakers, business leaders, financial market
participants, and the community of analysts and
professionals engaged in Indonesia’s evolving economy. This
paper discusses about the economic conditions of Indonesia
for the year 2015. Emerging market assets rebounded in
October 2015 after the sharp losses recorded in August and
September, when the uncertainty about the Chinese economic
slowdown and the U.S. interest rate outlook was particularly
high. Despite a more favorable market sentiment, capital
flows to emerging economies have remained weak and borrowing
costs relatively high. In addition to tight financing
conditions, Indonesia faced subdued external demand for its
exports in the near term and persistently low commodity
prices over the medium run. In 2015, fire in Indonesia cost
nearly twice that of reconstruction following the 2004
tsunami in Aceh. Agriculture and forestry have sustained
losses and damages in trillions. Sustained exposure to haze
could also lead to the volcano effect, i.e., a decrease in
plant productivity in the short term due to limited sun
exposure and a deleterious effect on plant physiology and
photosynthesis. The recurring nature of Indonesia’s fire
crisis is of particular concern. Another potential step in
Indonesia’s new reform process was the country’s signaling
its intention to join the Trans-Pacific Partnership (TPP)
agreement in the near future. Whether membership
materializes or not, the agreement is likely to have a
limited impact on trade, because import tariffs in member
countries are already low and Indonesia has trade agreements
with most of them. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Indonesia Economic Quarterly, December 2015 : Reforming Amid Uncertainty |
| title_short |
Indonesia Economic Quarterly, December 2015 : Reforming Amid Uncertainty |
| title_full |
Indonesia Economic Quarterly, December 2015 : Reforming Amid Uncertainty |
| title_fullStr |
Indonesia Economic Quarterly, December 2015 : Reforming Amid Uncertainty |
| title_full_unstemmed |
Indonesia Economic Quarterly, December 2015 : Reforming Amid Uncertainty |
| title_sort |
indonesia economic quarterly, december 2015 : reforming amid uncertainty |
| publisher |
Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/05/26377963/reforming-amid-uncertainty http://hdl.handle.net/10986/24437 |
| _version_ |
1764456823978459136 |
| spelling |
okr-10986-244372021-04-23T14:04:22Z Indonesia Economic Quarterly, December 2015 : Reforming Amid Uncertainty World Bank TAX INCENTIVES ENTERPRISE CREDIT MONETARY POLICY HOLDING PORTFOLIO INFLOWS EQUIPMENT ACCOUNTING DEPOSITS FINANCIAL MARKET PARTICIPANTS INTEREST EMERGING MARKET BOND EXTERNAL FUNDING GOVERNMENT REGULATION OPTION TOTAL DEBT EXPORTERS REVENUES PORTFOLIO FISCAL POLICY CAPITAL ADEQUACY MARKET EQUITIES LOAN INVESTMENT LOANS TREATIES MARKET ACCESS GOVERNMENT SUPPORT INFORMATION SYSTEMS DEBT BURDEN LONG-TERM COST MARKET PARTICIPANTS CONVERSION SECURITIES ISSUANCE LABOR MARKET CAPITAL ALLOCATION ENFORCEMENT MECHANISMS OIL PRICES INVESTMENT SPENDING DERIVATIVES CURRENCY EXPORT GROWTH LONG-TERM COSTS TRANCHES GOVERNMENT BOND YIELD CAPITAL FORMATION BOND ISSUANCE INTERNATIONAL BOND EMERGING MARKET DEBT MARKETS LOCAL GOVERNMENT INFLATION RATE SETTLEMENT CONSUMPTION EXPENDITURE BUDGET DEFICIT DOMESTIC DEBT SHORT-TERM CAPITAL BORROWING COSTS FOREIGN EXCHANGE TRANSACTIONS EQUITIES INVENTORY LAND VALUE COMMODITY PRICE MARKET ECONOMIES BANKING SECTOR FISCAL DEFICIT INVESTMENT DECISIONS TRANSACTIONS INVESTMENT FLOWS LAND TITLES EMERGING MARKETS MACROECONOMIC ENVIRONMENT INTEREST PAYMENTS EQUITY INDICES GOVERNMENT BUDGET INTERNATIONAL TRADE TRANSPARENCY FUTURE FOREIGN INFLOWS FIXED CAPITAL FOREIGN INVESTMENT DISBURSEMENTS ISSUANCE SHARES REAL EXCHANGE RATE SPOT MARKET LOCAL CURRENCY GLOBAL BONDS SECURITIES INSURANCE CAPITAL GRANTS CURRENCIES GOVERNMENT DEBT HOLDING REQUIREMENT GOVERNMENT BONDS GLOBAL TRADE REGISTRATION SYSTEM DOMESTIC CREDIT INVESTMENT ACTIVITY TREATY FINANCIAL DEVELOPMENTS EMERGING MARKET EQUITIES SECURITIES ISSUANCES PORTFOLIO INVESTMENT FINANCIAL SUPPORT INTEREST RATE SPREADS CONSUMER PRICE INDEX LENDING GOVERNMENT INVESTMENT RISK AVERSION PUBLIC SPENDING PORTFOLIO FLOWS COMMODITY PRICES HUMAN DEVELOPMENT TARIFFS DEFICIT PLEDGES DEPOSIT REGULATORY FRAMEWORK BASIS POINTS LIABILITY OIL PRICE LANDHOLDERS VARIABLE COSTS FINANCIAL MANAGEMENT STOCK FOREIGN INVESTORS ASSET PRICES EMERGING ECONOMIES INTEREST RATE PROPERTY RIGHTS EXCHANGE STOCK MARKET BALANCE OF PAYMENTS LOCAL GOVERNMENTS CONSUMER GOODS ISSUANCES EQUITY MARKET INFRASTRUCTURE DEVELOPMENT POLITICAL ECONOMY RURAL CREDIT BONDS MACROECONOMIC CONDITIONS PREFERENTIAL MARKET ACCESS BOND SPREAD TAX CASH TRANSFER INCOME TAX NON-PERFORMING LOANS GOVERNMENT BOND BOND YIELDS BUDGETING PLEDGE BENEFICIARIES INFLATION INTERNATIONAL BANK FOREIGN INVESTMENTS EMERGING MARKET ECONOMIES BUDGET MATURITY INTERNATIONAL FINANCE TRADE BALANCE BOND INDEX GLOBAL ECONOMY AGRICULTURAL COMMODITIES DISBURSEMENT BOND YIELD CONTRACTS TRADING INTEREST RATES CAPITAL OUTFLOWS PRIVATE INVESTMENT RETURN ECONOMIC POLICIES BASIS POINT DIRECT INVESTMENT LOANS RESERVES INVENTORIES GROSS DOMESTIC PRODUCT RETURN ON ASSETS FINANCE FOREIGN CURRENCY BROKER MARKET REQUIREMENTS TAXES ACCESS TO INFORMATION MARKET INTEREST RATE EXPENDITURE DOUBLE TAXATION GOVERNMENT SECURITIES EQUITY INCOME TAXES INVESTORS FORWARD MARKET INVESTMENT LOAN TRANCHE LAND AS COLLATERAL FIXED INVESTMENT BUDGETS WORKING CAPITAL CONTRACT EXPENDITURES CAPITAL FLOWS PROPERTY CURRENT ACCOUNT DEFICIT BALANCE SHEET MARKET RURAL BANK FOREIGN EXCHANGE LAND TITLE EXPROPRIATION TRADE SECTORS GOODS INVESTOR TRADING SYSTEM SECURITY BOND SALE BANK LOANS FINANCIAL MARKET STOCKS INVESTMENT BOND LEGAL PROTECTION INTERNATIONAL INVESTOR SOVEREIGN BONDS SHARE COLLATERAL POVERTY FINANCIAL MARKETS TARIFF CAPITAL INFLOWS REVENUE EXTERNAL DEBT PROFIT LEVIES INVESTMENTS RISK MANAGEMENT INTELLECTUAL PROPERTY CREDIT GROWTH FINANCIAL RISK EXCHANGE RATE PROFITS GUARANTEE SWAP EXTERNAL BORROWING CLAIMANT The Indonesia Economic Quarterly (IEQ) has two main aims. First, it reports on the key developments over the past three months in Indonesia’s economy, and places these in a longerterm and global context. Based on these developments, and on policy changes over the period, the IEQ regularly updates the outlook for Indonesia’s economy and social welfare. Second, the IEQ provides a more in-depth examination of selected economic and policy issues, and analysis of Indonesia’s medium-term development challenges. It is intended for a wide audience, including policymakers, business leaders, financial market participants, and the community of analysts and professionals engaged in Indonesia’s evolving economy. This paper discusses about the economic conditions of Indonesia for the year 2015. Emerging market assets rebounded in October 2015 after the sharp losses recorded in August and September, when the uncertainty about the Chinese economic slowdown and the U.S. interest rate outlook was particularly high. Despite a more favorable market sentiment, capital flows to emerging economies have remained weak and borrowing costs relatively high. In addition to tight financing conditions, Indonesia faced subdued external demand for its exports in the near term and persistently low commodity prices over the medium run. In 2015, fire in Indonesia cost nearly twice that of reconstruction following the 2004 tsunami in Aceh. Agriculture and forestry have sustained losses and damages in trillions. Sustained exposure to haze could also lead to the volcano effect, i.e., a decrease in plant productivity in the short term due to limited sun exposure and a deleterious effect on plant physiology and photosynthesis. The recurring nature of Indonesia’s fire crisis is of particular concern. Another potential step in Indonesia’s new reform process was the country’s signaling its intention to join the Trans-Pacific Partnership (TPP) agreement in the near future. Whether membership materializes or not, the agreement is likely to have a limited impact on trade, because import tariffs in member countries are already low and Indonesia has trade agreements with most of them. 2016-06-06T22:08:19Z 2016-06-06T22:08:19Z 2015-12 Report http://documents.worldbank.org/curated/en/2016/05/26377963/reforming-amid-uncertainty http://hdl.handle.net/10986/24437 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work East Asia and Pacific Indonesia |