The Philippines and Indonesia, with strong economic fundamentals, have bucked a global trend of declining credit ratings, an official of Standard Chartered said.
There are is only one upgrade for every three downgrades of debt ratings and concerns over the Federal Reserve's tightening pace are weighing on the markets, which have barely recovered from recent crises.
"Two governments in ASEAN, are now on positive outlook, meaning there's a chance the rating will go higher -- that's for Indonesia and the Philippines," Standard Chartered Asia head for Public Sector Karby Leggett said.
"In both cases, the rationale for the positive outlook is the general improvement in overall macroeconomic fundamentals, very strong growth, sufficient external buffers and high quality policy-making," he said.
Leggett noted strong demand for the two nations' most recent debt offerings. Infrastructure, however, remains as a pressing challenge, he said.
"The region is firmly in the demographic window, with the entry of plenty skilled labor, which is the basis for strong economic growth in the coming years," he said.
"The question is: how do we enable that population to find jobs, to produce and consume? You will need to make the appropriate level of investment to infrastructure, we need roads, electricity and bridges, transport," he said.
Source : ABN- CBS | This is Money
I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to
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understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia.
I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine.
I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan"
I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy
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