Anderson Tanoto, the son of RGE founder and chairman, Sukanto Tanoto, expressed confidence in Asia and Indonesia’s economic future. He was attending the 45th annual meeting of the World Economic Forum (WEF) in Davos-Klosters, Switzerland, together with RGE Vice-Chairman Bey Soo Khiang. The meeting from 21 to 24 January 2015 is a platform for leaders in government, industry and academia to engage in discussions and collaborative activities that seek to address evolving global challenges. This year’s meeting held under the theme "The New Global Context", reflects the growing worldwide economic uncertainty confronting leaders, along with other political, security and environmental issues.

World Economic Forum Davos

When asked by the Jakarta Globe about Asia and Indonesia growth prospects during an interview in Davos, Anderson Tanoto pointed out that Indonesia has seen tremendous growth in the last decade and has proven resilient during the global economic crisis. This was driven by export-based industries which has benefitted from the commodity boom fuelled by China.

As the world's second largest economy, China's economic performance is watched closely. Two days before the start of WEF, the country has just announced its slowest growth rate in 24 years, with full-year GDP at 7.4% in 2014. In a keynote speech delivered by Chinese Premier Li Keqiang at the WEF, he assured that China is not heading for a hard landing. The Chinese economy is entering the “new normal” as it focuses on quality of economic development rather than quantity, and shifting from high speed of growth to medium-to-high speed of growth.

Lauding the premier's address, Anderson Tanoto and business leaders around the world are optimistic about growth prospects in Asia. To some extent, the slowdown of the Chinese economy's pace is a good thing, which means the foundation of economic growth will become more solid. China’s ongoing economic reforms and initiatives on regional development will benefit both itself and the rest of the world.

Sukanto Tanoto Website

Sukanto Tanoto is a visionary entrepreneur and philanthropist. He is the Founder and Chairman of Royal Golden Eagle (RGE), which manages a global group of companies in resources manufacturing. Tanoto is also the co-founder of Tanoto Foundation, a philanthropy that aims to improve lives by alleviating poverty.