Economist, Centennial Asia Advisors

Nicholas Chia

Centennial Asia Advisors deliver timely and accurate economic and political analysis to investors, focused on anticipating key turning points that affect the client’s interests in the Asia-Pacific region. Clients include public agencies and central banks, as well as fund managers and investment banks. The company draws strength from its flexibility to tailor products to fit client’s specific interests. It provides detailed macro-economic forecasts, scenario analysis and timely assessments of how specific major economic and political developments may affect a client’s areas of interest. 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.

Economist

Investment Upturn A Cause For Cautious Optimism; Fiscal Cap May Only Kick Back In From 2024

Indonesia: 2024 Presidential Race Kicks Off In Earnest

Indonesia: Economy Nears A "New Normal" State of Equilibrium

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 style="list-style-type: square;">
<li>President Joko Widodo’s 2022 budget proposal focused on stability. He promised an early return to the previous budget deficit cap. The planned budget will be slightly contractionary in its impact on demand and its assumptions and planned spending are conservative.  </li>
<li>But the budget plan also showed up deep weaknesses in Indonesia’s fiscal position. Its tax to GDP ratio fell to a record-low of 8.3% in 2020 and is set to remain low.</li>
<li>More positively, hints were dropped of a broadening reform agenda that goes beyond just infrastructure and human capital development to include fiscal reforms.</li>
</ul>


President Joko Widodo’s 2022 budget proposal focused on stability. He promised an early return to the previous budget deficit cap. The planned budget will be slightly contractionary in its impact on demand and its assumptions and planned spending are conservative.  
But the budget plan also showed up deep weaknesses in Indonesia’s fiscal position. Its tax to GDP ratio fell to a record-low of 8.3% in 2020 and is set to remain low.
More positively, hints were dropped of a broadening reform agenda that goes beyond just infrastructure and human capital development to include fiscal reforms.


Indonesia Budget 2022: Ambitious Fiscal Consolidation Plans Hinge On Growth Revival