"We believe in the prospects of Indonesia`s economic growth and are committed to helping our clients enter the local and international capital markets," RBS Indonesia Country Executive Harry Naysmith said at an economic seminar here on Tuesday.
He said RBS would continue to encourage and facilitate its clients to invest in Indonesia to achieve business growth targets.
RBS believes that Indonesia`s gross domestic product (GDP) would continue to grow by 6.6 percent in 2011 because it was characterized by stronger domestic demand.
Meanwhile, RBS economist Lim Su Sian said Indonesia had a history of showing resilience in the face of rising oil prices.
"In 2008 when the oil prices were exorbitantly rising while rupiah was weakening, it was a proven fact that Indonesia was able to maintain its economic growth," Lim said.
Indonesia`s GDP growth in the 4th quarter of 2010 rose in six years by 6.9 percent at year on year basis, and consecutively reached 2.6 percent at quarter on quarter basis.
Interestingly, Lim said the contribution of net exports was larger than expected and was followed by increased consumption and investment.(*)
O001/HAJM
Editor: Jafar M Sidik
Copyright © ANTARA 2011
