This year is the year of infrastructure. Indonesia has shown a remarkable political stability. The previous presidential election as well as regionals elections has successfully bring firm leaderships and ensure the peace succession of government. Economic performance, however, is still below its full potential. The old obstacle is still around, lacking of infrastructure. The need for infrastructure is vast, and there is no doubt that the opportunity is hard to ignore by global business. The question, of course, is how to finance it.
Fiscal condition of the government is significantly improving. Thanks to the collective effort by the government, deficits has been cut to the level that enable Indonesia to evade debt trap. Two major components of deficits are oil subsidy and current account. Government decision to cut subsidy for premium and improve its trade deficit has enable government to amass more than Rp. 90 trillion available for infrastructure. Although the exchange rate remains under value, however, the outlook of the economy is stronger.
The government initiatives to open sea toll are another bold move to speed up economic development.it also requires strong infrastructure. Indonesia requires 24 new seaports within years to achieve the goal. Though is a huge endeavour, nevertheless, the payoff seems worth taking. Following such initiatives, are sets deregulations and reformation over bureaucratics to boost investment in Indonesia sea business.
Its a good year ahead, and development is underway. We are happy to serve businesses meet its obligation or increase their value.
KAP Rama Wendra
Established in 2003, KAP Rama Wendra is a Registered Accountant Firm, operated mainly in Indonesia and ASEAN region.
We are proud to have served company listed in Forbes 500, State Owned Company, Banks and Listed Company in Indonesian Stock Exchange.
We and our affiliates provides Auditing, Accounting, Taxation, and Corporate Services.
Currently we operate with 3 offices with 60 professionals.
KAP Rama Wendra is a registered accounting firm with Indonesian Capital Market, Bank of Indonesia, Bank Mandiri, BNI, BRI and BPK