Analysis

Promoting less-visited tourism areas in Indonesia
OBG
plus

Tourism is a key pillar of Indonesia’s economy, with significant potential to drive economic growth in the coming years. Home to an archipelago of more than 17,000 islands, Indonesia is endowed with natural landscapes and a rich cultural heritage. However, much of its potential is untapped, as Bali maintains its position at the forefront of the tourism industry. With the island of Bali being Indonesia’s…

Analysis

Indonesia's tech start-ups attract global investors
OBG
plus

Sustained GDP growth, supportive government policies and regulations, and increased interest from private equity and venture capital (VC) investors have contributed to robust mergers and acquisitions (M&A) activity in Indonesia in recent years. The year 2021 was a landmark one for such deals in Indonesia, with a record total value of $26bn from 147 deals. Amid global high interest rates and economic…

Analysis

Industry 4.0 transforms manufacturing in emerging economies
OBG
plus

Amid the backdrop of dynamic shifts in global trade patterns and technological advancement, Industry 4.0 and artificial intelligence (AI) are substantially reshaping manufacturing landscapes in emerging markets. Although challenges exist for full implementation, including infrastructure and skill gaps, rapid urbanisation and a burgeoning young workforce in these countries drive demand for automation…

Analysis

Indonesia’s new capital and infrastructure investment opportunities
OBG
plus

Located in East Kalimantan on the resource-rich island of Borneo, Nusantara has been designated as the new administrative capital of Indonesia. The plan – first announced in August 2019 – was ratified in January 2022 when the House of Representatives approved the new national capital city (IKN) Law, providing the legal basis for the capital’s relocation. The new city, which will span approximately…

Analysis

Carbon-neutral construction and sustainable architecture
OBG
plus

As the global construction industry redefines its priorities to ensure sustainability, there is increasing recognition of the benefits of regenerative architecture as a means of lowering emissions. According to the “2023 Building Materials and the Climate: Constructing a New Future” report published by the UN Environment Programme (UNEP), the construction sector accounts for 37% of global energy-related…

Overview

Indonesia's growth targets reflect long-term development goals
OBG
plus

While the Republic of Indonesia is nearly eight decades old in its current form, the South-east Asian nation of more than 17,000 islands has a history that dates back much longer. The name Indonesia was first used in 1850 by the British anthropologist James Richardson Logan in reference to the extensive group of islands that was known at the time as the Indian or Malay Archipelago. Archaeological…

Overview

Indonesia's development plans target high-income status
OBG
plus

Indonesia has the world’s fourth-largest population and 16th-largest economy. During his 10 years as head of this G20 country, President Joko Widodo, better known as President Jokowi, has overseen significant socio-economic developments, implementing broad-based infrastructure upgrades and regulatory overhauls, strengthening the workforce, generating higher inflows of private and foreign investment,…

Overview

Indonesia’s SEZs, trade agreements and metals support growth
OBG
plus

Indonesia has registered robust trade surpluses and attracted increased foreign direct investment (FDI) inflows in recent years, with notable expansion taking place since the easing of economic disruptions caused by the Covid-19 pandemic. Significant upgrades to trade, investment, immigration, labour and real estate legislation have been implemented in the years since 2020, with international organisations…

Overview

Indonesia's banking sector reforms boost growth and inclusion
OBG
plus

Indonesia has a large, complex and profitable banking sector. At close to 280m, Indonesia’s population is the fourth largest in the world, and the percentage of the population that are unbanked and underbanked is amongst the highest globally. This has caused significant socio-economic challenges, and a lack of digital infrastructure in the country’s more remote areas exacerbated the issue during…

Overview

Indonesian minerals support local value chain and renewable energy
OBG
plus

Indonesia is one of the world’s largest and fastest-growing energy consumers. While natural gas and oil production have been falling over the past decade, coal production has risen to satisfy both domestic and export demand. Renewable energy has seen steady growth, with an energy transition plan unveiled in 2022 and a green energy investment fund announced in 2023 set to accelerate the uptake of…