A survey released on Monday included a finding that may come as a surprise to the financial movers and shakers in Jakarta.
Credit Suisse issued its first Emerging Consumer Survey on spending profiles in seven emerging economies, including Indonesia.
Its findings showed people here were not only confident about their future, but that those outside of Java earn and save more than those on the island.
Teddy Oetomo, vice president of equity research at Credit Suisse Indonesia, said people living outside of Java earn Rp 2.84 million on average per month compared with Rp 2.46 million ($310 vs. $270) on the most populous island.
Savings are also higher outside of Java, with an average Rp 520,000 per month compared with Rp 240,000.
“This indicates that people outside Java spend less that those in Java, and it is because consumer goods penetration is still low outside Java,” Teddy said.
by: Mariam Mokhtar, Malaysia Chronicle
The two countries – Malaysia and Sudan, are like chalk and cheese.
Sudan is the largest and one of the most geographically diverse countries in Africa. The south is an area of swamps and rain forests and is separated from the mostly desert north by mountain ranges. The River Nile splits the country from east to west. Sudan's borders were drawn up by colonial powers with little regard to cultural realities on the ground.
On the other hand, equatorial Malaysia consists of two regions, famed for their dense rainforests and separated by 640 miles of the South China Sea.
Sudan has a population of 43.2 million (UN 2010) in an area of 2.5 million sq. km. The life expectancy is 58 years (men), and 61 years (women). The main exports are oil, cotton, sesame, livestock and hides, gum Arabic. The GNI per capita is USD 1,220
The two countries – Malaysia and Sudan, are like chalk and cheese.
Sudan is the largest and one of the most geographically diverse countries in Africa. The south is an area of swamps and rain forests and is separated from the mostly desert north by mountain ranges. The River Nile splits the country from east to west. Sudan's borders were drawn up by colonial powers with little regard to cultural realities on the ground.
On the other hand, equatorial Malaysia consists of two regions, famed for their dense rainforests and separated by 640 miles of the South China Sea.
Sudan has a population of 43.2 million (UN 2010) in an area of 2.5 million sq. km. The life expectancy is 58 years (men), and 61 years (women). The main exports are oil, cotton, sesame, livestock and hides, gum Arabic. The GNI per capita is USD 1,220
by: Mariam Mokhtar, Malaysia Chronicle
Many people will have recently heard that former Israeli President Moshe Katsav was found guilty of rape and other sex crimes. Prime Minister Benjamin Netanyahu called it a sad day for the Jewish state.
We also know about the inglorious origins of our own 1Malaysia logo and the ‘similarities’ between 1Israel and 1Malaysia.
1Israel’s campaign focuses on health and included a 1 Israel health fund. 1Malaysia also focuses on health and there is a 1Malaysia fund as well as a 1Malaysia clinic.
The 1Israel motto is “People first” whilst the 1Malaysia is “People first, performance now.”
But could we also learn from the Jewish state, about their system of justice?
They are not averse to prosecuting those who are in a position of power and responsibility. If the man or woman is guilty of a crime, then it is only right they are brought to justice.
Many people will have recently heard that former Israeli President Moshe Katsav was found guilty of rape and other sex crimes. Prime Minister Benjamin Netanyahu called it a sad day for the Jewish state.
We also know about the inglorious origins of our own 1Malaysia logo and the ‘similarities’ between 1Israel and 1Malaysia.
1Israel’s campaign focuses on health and included a 1 Israel health fund. 1Malaysia also focuses on health and there is a 1Malaysia fund as well as a 1Malaysia clinic.
The 1Israel motto is “People first” whilst the 1Malaysia is “People first, performance now.”
But could we also learn from the Jewish state, about their system of justice?
They are not averse to prosecuting those who are in a position of power and responsibility. If the man or woman is guilty of a crime, then it is only right they are brought to justice.
So perhaps we are looking at IBRIC? Or BRICI?
by: Mark , TraderMark
That said, I never was able to catch the tail on the donkey named Market Vectors Indonesia ETF (IDX) as the only true pullback it had in 1.5 years (last May), I missed my limit order by a few dimes. Clearly it would have been far better to just buy the very extended chart in May 2009 around $40 and take the ride, but we are always so much smarter with the ability of 20/20 hindsight. Probably one of my biggest regret's the past 2 years was not once catching this train.
by: Mark , TraderMark
That said, I never was able to catch the tail on the donkey named Market Vectors Indonesia ETF (IDX) as the only true pullback it had in 1.5 years (last May), I missed my limit order by a few dimes. Clearly it would have been far better to just buy the very extended chart in May 2009 around $40 and take the ride, but we are always so much smarter with the ability of 20/20 hindsight. Probably one of my biggest regret's the past 2 years was not once catching this train.
Last year, Indonesia celebrated high revenue from tourism that was recorded to be around $7.6 billion. However, hopes are even higher this year for Indonesia and Jero Wacik, Tourism Minister for Indonesia states that the country expects its 2011 tourism revenue to go up to $8.4 billion this time.
According to figures given by the Ministry, Indonesia received 6.4 million visitors last year. Next year’s foreign tourists are expected to number between 7.3 million and 7.7 million, with an average spending of $1,100 per visitor.
Mr. Wacik emphasized on the importance of tourism in the country and stated that:
Even if your budget is stretched, 2011 can still be a year of travel. It’s just a matter of choosing the right place.
Mexico
Although drug-related violence has been concentrated near the U.S. border, many travelers have avoided the entire country. That means incredible bargains in Cancun, Cabo San Lucas and other resort areas, Leffel says. “There are so many rooms they are trying to fill, so every week there are unbelievable deals.” Bargains are even more eye-opening in interior cities. “You pay what the Mexicans pay,” says Leffel, who is spending the year living in the colonial city of Guanajuato. 800-446-3942; visitmexico.com
Mexico
Although drug-related violence has been concentrated near the U.S. border, many travelers have avoided the entire country. That means incredible bargains in Cancun, Cabo San Lucas and other resort areas, Leffel says. “There are so many rooms they are trying to fill, so every week there are unbelievable deals.” Bargains are even more eye-opening in interior cities. “You pay what the Mexicans pay,” says Leffel, who is spending the year living in the colonial city of Guanajuato. 800-446-3942; visitmexico.com
Jim O'Neill, chairman of Goldman Sachs Asset Management and creator in 2003 of the term BRIC economies, referring to Brazil, Russia, India and China, now says he sees the rise of the MIKT economies, referring to Mexico, Indonesia, Korea and Turkey.
O'Neill said he was adding these four countries to his list of growth economies that could prosper despite whatever happens in advanced countries.
O'Neill has already included Korea's economic potential in his list of the "Next Eleven," a class of countries that are forecast to emerge as the new axis of the global economy.
Investors have injected a great amount of money into BRICs since 2007, when investment in emerging markets was booming.
O'Neill said he was adding these four countries to his list of growth economies that could prosper despite whatever happens in advanced countries.
O'Neill has already included Korea's economic potential in his list of the "Next Eleven," a class of countries that are forecast to emerge as the new axis of the global economy.
Investors have injected a great amount of money into BRICs since 2007, when investment in emerging markets was booming.
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