More Reason Not to Overpay Govt (Case #2)

[makapaaa]

<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>May 4, 2009, 2.32 pm (Singapore time)

</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Update: Indonesia's president sees 4-4.5% growth in '09

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NUSA DUA - Indonesian President Susilo Bambang Yudhoyono said on Monday that the country is expected to post economic growth of between 4-4.5 per cent this year, which he said 'looks good'.

<TABLE class=picBoxL cellSpacing=2 width=100 align=left><TBODY><TR><TD> </TD></TR><TR class=caption><TD>Mr Yudhoyono said that apart from the growth rates, the quality of economic growth was also important for political and social stability in the world's fourth most populous country</TD></TR></TBODY></TABLE>That is more optimistic than the central bank, which has forecast growth of 3-4 per cent in 2009, a sharp slowdown from 6.1 per cent last year as demand for exports slump.
'Here in Indonesia our prospects look good. We are expected to record GDP growth in 2009 of 4-4.5 per cent,' Mr Yudhoyono said in an opening address at the annual meeting of the Asian Development Bank (ADB) on the Indonesian resort island of Bali.
The government has launched a fiscal stimulus package aimed at boosting growth in Southeast Asia's biggest economy including more spending for infrastructure projects and tax incentives.
Mr Yudhoyono said that apart from the growth rates, the quality of economic growth was also important for political and social stability in the world's fourth most populous country.
He did not elaborate.
Mr Yudhoyono, the country's first directly elected president, ends his five-year term this year, which would make it the first administration to have completed a full five-year term since the country's political and economic upheaval in 1998.
'This is significant because it means we have been able to marry democracy with stability, not an easy thing among countries undergoing transition. And we expect this trend of democratic stability to continue,' he said. -- REUTERS

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[makapaaa]

Case #3


<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>May 4, 2009, 1.16 pm (Singapore time)

</TD></TR><TR><TD vAlign=top width=452 colSpan=2>India manufacturing expands 1st time in 5 months: PMI

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MUMBAI - Activity in Indian factories expanded for the first time in five months in April as a swelling orders pipeline pointed to a tentative recovery, a survey showed on Monday.

The ABN Amro Bank purchasing managers' index (PMI) based on a survey of 500 companies, rose to 53.3 in April from March's 49.5, climbing above the threshold of 50 that separates expansion from contraction.
The latest reading is the highest in seven months and it has steadily risen after hitting a trough of 44.4 in December.
The PMI survey, which is compiled by UK-based Markit Group, comes well ahead of official statistics.
Several research notes in the past few days have pointed to improvement in economic activity in the months ahead. But the central bank remained cautious about the outlook at its policy review last week.
Manufacturing makes up about 16 per cent of India's gross domestic product. Government data shows India's factory output fell for the third time in five months in February as the global slowdown hit hard but analyst said they saw some signs of revival after a dismal March quarter.
The boost in manufacturing index came from a surge in new orders. The new orders index rose to 54.9 from 49.5 in March.
The central bank expects the economy to grow at around 6 per cent in 2009/10, a seven-year low, after growing at an average rate of around 9 per cent or more in three fiscal years to March 2008.
In order to stimulate demand in Asia's third-largest economy, the central bank has aggressively cut rates since October, most recently last week and has flooded the banking system with cash to stoke bank lending.
The key short-term lending rate has now been cut by 425 basis points in six moves to stand at 4.75 per cent.
The government has cut factory gate duties and announced stimulus packages including US$4 billion in extra spending to protect growth in the face of the global slowdown. -- REUTERS

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[takcheksian]

Forget it makapaa

The 66.6 are so brainwashed, they will believe any gahmen claims for more pay to scholars, running dogs, ministars, saf paper generals, cronies, etc.