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Indonesia's development plans target high-income status
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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,…

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Indonesia’s SEZs, trade agreements and metals support growth
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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…

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Indonesia's banking sector reforms boost growth and inclusion
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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…

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Indonesian minerals support local value chain and renewable energy
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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…

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Indonesia transitions to EVs, builds ports and expands airports
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As an archipelago with more than 17,000 islands and a population of nearly 280m people, Indonesia relies on various forms of passenger transport for connectivity and economic growth. The government has increased spending on transport and infrastructure in recent years, further supported by private funding under public-private partnerships (PPPs). Transport has been dominated by cars for decades, with…

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Government promotes alternative Indonesian tourism destinations
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Indonesia has significant potential as a tourist destination thanks to its diverse natural landscapes, which include beaches, tropical forests, mountains and seas. Although the country has a robust tourism industry, there is still further potential for growth in the sector. Recognising this, the administration of President Joko Widodo, better known as Jokowi – who will complete his second and final…

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Green finance regulations present investment opportunities in Indonesia
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In line with national development and sustainability efforts, changes to Indonesia’s legal framework aim to enable green financing, facilitate land acquisition and management for international companies, and outline the formation of public-private partnerships (PPPs). Carbon and emissions trading, as well as the newly formed Land Bank Agency (LBA) are set to influence the expansion and diversification…

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Where to stay in Jakarta and Bali
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JAKARTA LE MERIDIEN JAKARTA Address: Jl. Jend. Sudirman, Kav. 18 – 20, Jakarta Pusat Phone: +62 (21) 251 3131 Website: lemeridienjakarta.com Email: jktmd.reservation@lemeridien.com Rooms: 318 rooms and suites. Business & Conference Facilities: 14 event rooms, 10 breakout rooms, and a ballroom with capacity for up to 1200 guests. Health & Leisure Facilities: Fitness center, spa, swimming…

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Tips and information for travellers to Indonesia
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Business Attire The traditional batik shirt is commonly worn in the office and considered proper business attire. A suit or white shirt, tie and slacks for men is also normal business attire, as is a suit or dress for women. Offering a business card is common. Visas Citizens from 97 nations can secure a 30-day tourist visa upon arrival. For those who wish to stay longer, a 30-day extension can be…

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Start-ups boost investment in Indonesia’s digital economy
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The ubiquitous presence of digital technologies in global economic activity means that they are expected to remain a key part of Indonesia’s economy, which is growing at a rapid pace (see Economy chapter). A large and competitive telecommunications market, and robust growth in financial technology (fintech) uptake and e-commerce activity, are driving growth in the digital economy. In addition, the…