2014-02-07 22:49:04 - Indonesia Pharmaceuticals and Healthcare Report Q1 2014 - a new market research report on companiesandmarkets.com
Local newspaper The Jakarta Post recently reported that Indonesia plans to reduce the foreign ownership cap in various sectors, such as pharmaceuticals, ecotourism and telecommunication in order to boost foreign direct investment (FDI) in the country. It is unknown if and when these changes, which have been mooted for a while, will be implemented. In the meantime, foreign interest will continue to be impacted by high inflation, which will remain a key factor in negating any gains in companies´ revenues, as expressed in US dollars.
Headline Expenditure Projections:
- Pharmaceuticals: IDR58,553bn (US$6.24bn) in 2012 to IDR63,806bn (US$6.08bn) in 2013; +9.0% growth in local currency terms and -2.6% in US dollar terms. Local currency forecast broadly unchanged in relation to the previous quarter,
but US dollar forecast significantly lowered on account of updated exchange rate considerations.
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