Government Adjusts Estimated Industry Growth
VIVAnews - The government revises the estimated growth of industry until late 2008 to 4.8 percent. The global financial crisis has resulted in decreased industrial exports, credit expansion and weak people's purchasing power.
"It is difficult to achieve the projected growth of industrial sector," said Industry Minister Fahmi Idris on Monday, Dec 15.
Earlier, the government had estimated that this year's industrial growth will be at 6.3 percent. For 2009, it is now estimated that industry will only grow by between 3.6 and 4.6 percent. The revision on industrial growth occurs on textile and textile product, distribution means, machineries and equipments, fertilizer, chemical, rubber-made goods, wooden goods and forest product industries.
"Anticipating the issue, the government is preparing several facilities," he said. The facilities include review on increase of terminal handling charge (THC), dry port establishment at Jababeka industrial area, effectivity of counter purchase mechanism and post-shipment financing guaranty.
Earlier, said Fahmi, the government has issued trade credit facilities in the form of rediscount of post shipment export draft: granting guarantee to payment risk over facility provider. The granting of income tax facility for certain businesses and areas are in line with Presidential Regulation No.62/2008 on revocation of anti-dumping import duty over carbon black import and decrease of crude palm oil levy to 0 percent.
Translated by: Bonardo Maulana Wahono
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