| 【文章摘要】 Cement sales in Indonesia rose by 1.8 per cent to 61Mt in 2015 thanks to the latest surge of government infrastructure projects in the latter half of the year, the Indonesia Cement Association (ASI) said. In 1H15 the Indonesian government failed to spend a significant portion of the allocated budgets due to budgetary and organisational reforms. After the disappointing start, an increasing number of government-led infrastructure projects took off in the second half of the year. Moreover, amid the economic slowdown, Bank Indonesia's high interest rate environment and weakening purchasing power in the private sector also led to the cancellation or delays to the start of property and infrastructure projects. The good news is that GDP growth is expected to have bottomed in 2015 (at +4.7 per cent YoY) and an acceleration to +5.3 per cent is being forecast for 2016. |