Nevertheless, Fitch believes the government’s reform agenda

April 11, 2013

Uncategorized

Election Friction may Dampen Indonesia Property Growth

(The following statement was released by the rating agency) SINGAPORE/JAKARTA, October moncler chicago 25 (Fitch) The Indonesian industrial estate sector is poised to benefit from the increasing investments both foreign and domestic in the country, although potential political frictions ahead of the 2018 cheap moncler regional elections and 2019 presidential polls may decelerate growth, says Fitch Ratings in a recent report. Fitch believes higher investment appetite, led by improving business sentiment and consumer confidence, may boost demand for moncler jacket online industrial land in the medium term. Fitch forecasts the overall capex intensity of Fitch rated companies to rise in the short to medium term (see Indonesia Corporates Credit Indicator 2Q17). Fitch also expects the government’s structural reforms, which moncler jackets outlet have been progressively rolled out since September 2015, to improve the business environment. Fitch expects the improving https://www.beautylyrics.com business sentiment to benefit residential property growth, as was evident from the consolidated presales of the nine major Indonesian property developers growing by 13% yoy in 2Q17, the fourth consecutive quarter of growth (see here”>Indonesia Property Watch 2Q17). Nevertheless, Fitch believes the government’s reform agenda may lose momentum should political friction becomes a distraction, especially with the upcoming regional elections moncler jackets toronto in 2018 and presidential election in 2019. Fitch believes such frictions could make economic policy making slower and more challenging, which may ultimately affect investment and deter demand for both industrial land and residential property. 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As a result, despite any verification of current facts, ratings and forecasts can be affected by future events or conditions that were cheap moncler jackets outlet not anticipated at the time a rating or forecast was issued or affirmed. The information in this report is provided “as is” without any representation or warranty of any moncler jackets for women kind, and Fitch does not represent or warrant that the report or any moncler outlet store of its contents will meet any of the requirements of a recipient of the report. A Fitch rating womens moncler jackets is an opinion as to the creditworthiness of a security. This opinion and reports made by Fitch are based on established criteria and methodologies that Fitch is continuously evaluating and updating. Therefore, ratings and reports are the collective work product of Fitch and no individual, or group of moncler outlet ny individuals, is solely responsible for a rating or a report. 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