Back In 2007 many financial publications such as money week suggested that investing in Asia was "dangerous". They said this was due to the fact that: "the US economy may collapse under the heaviness of the debt cloud that loomed above. The pending collapse would therefore crush the value of the dollar and ultimately kill the Asian economy."
Well, at least they were half right!
It is no secret that the Asian economy is booming and economists predict only further growth going forward. Please enjoy this week's issue of proSeed and check out our blog.
Investing in Indonesia
A decade ago Indonesia could be dismissed as the sick man of Asia, but hard-won economic and political stability has put the world’s fourth most populous country back on the global investment radar screen.
For the first time since the 1997-98 Asian financial crisis that hit Southeast Asia’s largest economy the hardest, Japan’s rating agency upgraded Indonesian debt to investment grade this month.
There are also expectations that the world’s three leading rating agencies – Standard and Poor’s, Fitch Ratings, and Moody’s Investor Service – will make similar moves soon, analysts said.
“Where else can investors go to after China and India?’’ said Fauzi Ichsan, chief economist for Standard Chartered Bank Indonesia. “There are several things that make Indonesia attractive: It has political stability and it is the biggest market in Southeast Asia with 240 million people, a growing middle class, and abundant natural resources,’’ he said...Read on