ID :
31398
Thu, 11/20/2008 - 19:30
Auther :
Shortlink :
http://m.oananews.org//node/31398
The shortlink copeid
MOTORCYCLE PRODUCTION IN 2009 PROJECTED TO DROP 33.3 PCT
Jakarta, Nov 20 (ANTARA) - The Association of Indonesian Motorcycle Industries (AISI) said motorcycle production in 2009 is projected at four million units or 33.3 percent lower than the figure for 2008 (six million).
"The figure for 2009 is indeed lower than for 2008 but it is a temporary projection. We hope it will increase in the second semester of 2009," AISI Chairman Gunadi Sindhuwinata said here Thursday.
He said the production decrease was caused by a downturn in market demand.
To maintain sales growth despite the financial crisis, industries must keep the financing sector moving, he said, adding that bank interest rates should also not rise too much because high interest rates would affect market demand.
As there had been high sales growth in 2008, layoffs would not "at all" be necessary, he said. Industries could prevent the need for layoffs by reducing work shifts and overtime work.
Until November 2008, producers had not lowered their outputs as they had to meet previously-made delivery commitments. The November production figure would even be 44 percent higher than that for October, he said.
"The year-on-year sales growth figure will definitely rise, namely by six percet from October to November," Sindhuwinata aaid.
He said the current global financial crisis was having a great impact on developed countries because they had been undergoing insignificant economic growth rates while it was different with developing countries such as Indonesia which had enjoyed an economic growth rate of six percent.
"The figure for 2009 is indeed lower than for 2008 but it is a temporary projection. We hope it will increase in the second semester of 2009," AISI Chairman Gunadi Sindhuwinata said here Thursday.
He said the production decrease was caused by a downturn in market demand.
To maintain sales growth despite the financial crisis, industries must keep the financing sector moving, he said, adding that bank interest rates should also not rise too much because high interest rates would affect market demand.
As there had been high sales growth in 2008, layoffs would not "at all" be necessary, he said. Industries could prevent the need for layoffs by reducing work shifts and overtime work.
Until November 2008, producers had not lowered their outputs as they had to meet previously-made delivery commitments. The November production figure would even be 44 percent higher than that for October, he said.
"The year-on-year sales growth figure will definitely rise, namely by six percet from October to November," Sindhuwinata aaid.
He said the current global financial crisis was having a great impact on developed countries because they had been undergoing insignificant economic growth rates while it was different with developing countries such as Indonesia which had enjoyed an economic growth rate of six percent.
