Our economic stronghold will be put under massive attack, mainly by China Asean Free Trade Agreement (CAFTA) and the other potential deadly thrusts by the exchange rate.
CAFTA starting from 1 January 2010 has spread fears among the domestic industry players, they argue that the free trade agreement scheme will cast destructive impact on the competitiveness of domestic industry.
And now, the exchange rate signals other potential threats to our industry, the preternatural pace of the strengthening Rupiah relative to US Dollar, with no sign of slowing down, will complete the two-pronged spear pointed at our economy, in term of domestic competitiveness.
Well, how bad are things going to be?
Tuesday, April 13, 2010
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