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Indonesia: The newest BRIC?
The-so called BRIC nations may need to add a fifth member: Indonesia. Brazil, Russia, India and China were once considered the hottest emerging markets in the world. But they have been skidding this year. Indonesia, on the other hand, remains one of the fasting growing economies thanks to a rising middle class and strong domestic consumption. In turn, investors and analysts say they expect it to stay a ripe area for investments over the short and long-term. "Consumers are heading up the value chain and using more expensive soaps and dishwashing detergents," said Bharat Joshi, assistant investment manager of Indonesian ... (full story)
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