Asia Economist and CEO, Centennial Asia Advisors

Manu Bhaskaran

Mr. Bhaskaran is a leading Asian economist based in Singapore with more than 30 years of experience in studying economic, political and security issues that shape the business environment in Asia. He co-ordinates the Asian business of Washington DC-based strategic advisory firm, Centennial Group, directing its Asian economic research practice which provides in-depth analysis of macro trends in Asia. He works extensively with investment institutions, government agencies and corporations. Mr. Bhaskaran regularly presents his views on the economic, political and business environment in Asia at business conferences and in-house briefings. He has conducted studies on a wide range of subjects including: consumer finance in Asia; Asian integration; regional and country-specific political and economic outlooks; the Impact of China on Asia; portfolio capital flows in emerging markets, amongst many others. He is as a member of the Regional Advisory Group for Asia and the Pacific of the International Monetary Fund. Mr. Bhaskaran is a regular columnist for The Edge (Singapore) and holds positions in think tanks including being Adjunct Senior Research Fellow at the Institute of Policy Studies (IPS); Vice President of the Economics Society of Singapore, and Council Member of the Singapore Institute of International Affairs (SIIA). Mr. Bhaskaran serves on the boards of CIMB Investment Bank and Japfa Limited.

Asia Economist and CEO

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Indonesian Presidential Election 2019: Three Takeaways from President Jokowi’s Running Mate Pick

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

<ul>
<li>President Jokowi submitted Budget 2019 to the parliament in his annual Independence Day address. The budget assumptions are more realistic, given modest estimates of growth while factoring in a weaker Rupiah and higher oil prices.</li>
<li>The budget prioritises stability above all else, given the narrower budget deficit, alongside curtailed spending growth in infrastructure investment. That said, the government is expanding social spending to shore up the incumbent’s political base ahead of the 2019 Presidential elections.</li>
<li>The fiscal stance remains mild, though further attempts to rein in spending remain possible if there is further depreciation of the Rupiah.</li>
</ul>


President Jokowi submitted Budget 2019 to the parliament in his annual Independence Day address. The budget assumptions are more realistic, given modest estimates of growth while factoring in a weaker Rupiah and higher oil prices.
The budget prioritises stability above all else, given the narrower budget deficit, alongside curtailed spending growth in infrastructure investment. That said, the government is expanding social spending to shore up the incumbent’s political base ahead of the 2019 Presidential elections.
The fiscal stance remains mild, though further attempts to rein in spending remain possible if there is further depreciation of the Rupiah.


Indonesia: Budget 2019 - A Prudent Mix of Conservative and Populist Budgeting