Jakarta, Sept. 12 -- The Indonesian Chamber of Commerce and Industry (Kadin) encouraged the service sector as a driver of economic growth, as it has the potential to grow at more than twice the overall rate.

"If our economy grows by 5 percent, the service sector can grow by 12 to 13 percent. The required capital is also significantly lower, making this a major opportunity we must seize," Kadin Coordinating Vice Chairman for Foreign Affairs James Riady said here on Friday.

He emphasized that despite earlier concerns about a global slowdown, the current geo-economic landscape offers greater optimism than previously predicted.

According to him, many had anticipated a global economic downturn, but the reality shows stability.

"In fact, gl...