Category Archives: Euro

The ASEAN-BIS Day 2 (17 November 2011) – ASEAN Connectivity

Finally, by lunch time our technical problem was solved. Thank you to the organising committe for sorting the problem out. The luncheon keynote address was presented by M.S. Hidayat, Indonesian Minister of Industry. Excellent lunch and an excellent keynote speaker (and ID card in our hands), we could not ask for more. Minister Hidayat highlighted some of the key issues regarding sustainability, connectivity and inclusive growth that the ASEAN government and business communities through discussion at this summit should focus on.

The parrallel sessions on building an interconnected ASEAN Economic Community presented some of the leading names in the business communities as well as political figures. It was hard to choose which one should be attended. The GoLive Indonesia Representative (GIR) decided to attend the session on Capitalising ASEAN Connectivity. One particular reason was the idea of ASEAN connectivity seems to be quite broad and it is not clear what it refers to despite the fact that the ASEAN has already distributed a 91-page document explaining what this is about.

Sitting as the panelists include Jakob Friis Sorensen (Chairman of EU-ASEAN Business Council), David Lee Carden (US first resident Ambassador to ASEAN), Paulo Cesar de Souza e Silva (President of Civil Aviation of Embraer), Sam Moon Thong, President (Indonesia, Malaysia & Myanmar) of Keppel Land International), and Emirsyah Satar (CEO of Garuda Indonesia / Vice Chairman of APINDO).

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Filed under ASEAN, ASEAN-BIS, Conference, East Asia, Economic development, Economic Integration, Euro, Indonesia, Infrastructure, Investment

The Economic Consequences of the Euro

Greek Euro

The GoLive Indonesia Project collaborating with Persatuan Pelajar Indonesia Australia (PPIA or Australia-Indonesia Student Association) at the University of Adelaide organised their third academic workshop on 13 July 2011. Associate Professor Colin Rogers of the School of Economics at the University of Adelaide explained about the economic consequences of the Euro.

Following the global financial crisis, concerns about rising government deficits and debt levels have alarmed financial markets across the globe which include some Eurozone members namely Greece, Ireland and Portugal. Greece’ GDP growth recorded at 5% in 2006 dropped to -5% in 2010 (see graphics of the Euro crisis here) .

Is there a solution?

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Filed under Economic Integration, Euro, Financial market, IMF, PPIA academic discussion