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| Production cooperative group Small and Medium Enterprises or SMEs. (ANTARA / R. Rekotomo) |
JAKARTA (IFN) - Vice Chairman of the Chamber of Commerce and Industry (Kadin) Indonesia Sarman Simanjorang say, the rupiah slumped been strangled Small and Medium Enterprises (SMEs) are relying largely on imported raw materials. Employers assume the problem is quite disturbing.
"For example, employers gloves had to reduce production because 75 to 50 percent
percent of imported raw materials, "he said in Jakarta, Sunday (29/3).
Sarman deplores that only government urged people not to panic. Strengthening of the US dollar when the condition is considered to be quite alarming because it disturbs the economy.
"The difficult conditions faced by SMEs led to the dismissal (dismissal) as a measure of the efficiency of the company. How not panic if you end up with layoffs," he said.
Vice Chairman of Indonesian Retailers Association (APRINDO) Tutum Rahanta admit, weakening rupiah memerlambat retail business. All members of business growth was only about seven percent. Though usually be increased by 15 percent per year. "The government is mistaken. We just asked you to cut rates," he said.
GMU economist Tony Prasetiantono said, weakening rupiah happened until now potentially penetrate the psychological level. According to him, the weakening rupiah will cause lasting business is not running. "If the government is just waiting, Indonesia's economic growth could fall," he said.
From Semarang, Indonesia Employers Association (Apindo) Central rate, the weakening of the rupiah against the US dollar could have an impact on the employee's dismissal. "The strengthening of the US dollar impact on the domestic industry production cost increases. On the other hand the industry also had to pay thousands of workers," said Chairman Apindo Frans Haven in Semarang Central Java, on Sunday (29/3).
According to him, if the weakening rupiah continues to occur, employers will have difficulty paying their workers so they can have an impact on the dismissal of workers. "Do not be construed strengthening of the dollar, thereby encouraging even the industrial sector enjoys a turnover of export market share is bigger," he said.
He considered, weakening rupiah also weakened the industry. These conditions can not be separated from the heavy reliance of local industries on imported raw materials. "Some of the raw materials for the domestic industry that is still imported in between iron, steel, and textile raw materials," he said.
Economist at Bank Central Asia (BCA) David Sumual said the rupiah is expected to slow to mid 2015. One reason, division (repatriation) dividends of foreign companies in Indonesia. "It is likely that the exchange rate will be depressed deeper," he said.
The dividend repatriation trigger pressure on the balance of income in the second quarter even more so the rupiah will be depressed deeper. According to him, the government has prevented the repatriation of dividends by providing incentives.
"However, given the lack of incentives in the form of deletion only income tax (VAT) on dividends for investors who reinvest its profits in Indonesia," he said.
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