PT Indocement - July 2016
Indonesia’s central bank has unexpectedly cut its benchmark interest rate to 6.5 per cent. This marks the fourth reduction this year alone as the bank tries to spur economic growth. The move comes as Indonesia is forecast to see the fastest construction market growth of any Asian country up to 2020, according to a report by AECOM. The government has been working hard to boost the country’s infrastructure sector by prioritising 30 infrastructure projects before 2020 but, as reported in last month’s Corporate Watch, there is concern over how many of these will actually come to fruition.