98 Percent Believe in Indonesia's Business Growth: HSBC Survey

TEMPO.CO, Jakarta - The latest HSBC survey found that 98 percent of corporations in Indonesia projecting short-term business growth for the next year or two. This number exceeds the global sentiment which scored a business growth confident rate of 79 percent.

The survey entitled 'Navigator: Made for the Future' sees Indonesian corporations confident of growth in customer basis (32 percent), and the improved quality of workforces (29 percent). These two factors are believed to be the main factor in boosting business growth.

The survey involved 2,500 corporations in 14 global markets in Asia Pacific, Europe, Germany, the Middle East, and North Africa, and North America.

Quoting the survey, PT Bank HSBC Indonesia President Director Sumit Dutta said that nearly half of Indonesian corporations (45 percent) projects 5 percent economic growth.

“That is the highest of all the markets that were surveyed,” said Sumit.

The third most essential element upon boosting a country’s economy is the improvement in logistics and transportations. Regarding future businesses, 74 percent of Indonesian respondents believe that the level of opportunity outweighs the risks.

Indonesia scored relatively similar to neighboring Asia Pacific countries in terms of opportunities in the form of improved productivity with Indonesia scoring 33 percent respondents, while China scored (35 percent) and India (34 percent).

“From the negative point of view, doing business in Indonesia is faced by three threats in a political situation (36 percent), new competitors or competitor’s performance (33 percent), and exchange rate (26 percent),” said Dutta.

Based on the survey, Dutta said that Indonesia will try to attract investment opportunities from researches, innovation, and technology (81 percent), training programs (74 percent), up to online services or product sales (74 percent).

BISNIS.COM

Read also: Rupiah Expected to Strengthen; Trades for 14,050/US$ This Week