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

Indonesia: Gatot's Eye on 2019 Elections Puts Pressure on Jokowi

Reviving Laggard Economy Key to Jokowi's Re-Election Bid

Indonesia: Baby Steps on the Long Road of Reforms

Indonesia: Three Implications of Underperformance

Indonesia: Lacklustre Figures an Indication of Structural Weakness

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>Unlike its trade-dependent neighbors such as Singapore and Malaysia, the rebound in external demand has not translated into a sizeable momentum for the Indonesian economy. This is due to the increasingly inward-looking nature of the economy.</li><li>In the near-term, lead indicators suggest that the Indonesian economy is likely to perform above expectations as government expenditures provide a timely boost to growth. However, the proposed 2018 budget is overly ambitious on its revenue-target and that could prompt a further revision of the budget deficit at a later date.</li><li>In terms of political risks, President Jokowi’s activism will shield him from the underperformance of the Indonesian economy which bodes well for political stability in Indonesia.</li></ul>

Unlike its trade-dependent neighbors such as Singapore and Malaysia, the rebound in external demand has not translated into a sizeable momentum for the Indonesian economy. This is due to the increasingly inward-looking nature of the economy.In the near-term, lead indicators suggest that the Indonesian economy is likely to perform above expectations as government expenditures provide a timely boost to growth. However, the proposed 2018 budget is overly ambitious on its revenue-target and that could prompt a further revision of the budget deficit at a later date.In terms of political risks, President Jokowi’s activism will shield him from the underperformance of the Indonesian economy which bodes well for political stability in Indonesia.

Indonesia: Economy Chugging Along