Diversified conglomerate San Miguel Corp., the country's biggest business group, is going full blast in its expansion into the extractive industry
JAKARTA, Indonesia (UPDATED) - Indonesia said on Tuesday, February 5, that Southeast Asia's biggest economy grew 6.23% in 2012, supported by strong private consumption and investment.
The Central Statistics Agency added that in the three months to the end of December growth came in at 6.11% year on year.
However, statistics office chief, Suryamin, who goes by one name, told reporters: "This growth is below expectations due to the ongoing global crisis and because of (Indonesia's) trade deficit."
The full year figure fell short of government forecasts of 6.5% growth and the central bank's estimate of 6.3%.
The economy grew 6.5% in 2011 and 6.1% in 2010. - Rappler.com
Diversified conglomerate San Miguel Corp., the country's biggest business group, is going full blast in its expansion into the extractive industry
Two of the country's biggest business groups have added a new battleground for their -- and their Asian tycoon principals' -- intersecting interests