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Overview

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…

Overview

Indonesia’s SEZs attract investment in industry and manufacturing
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Indonesia is undertaking a programme of industrial transformation in its drive to become a major regional centre for manufacturing and trade. Spearheaded by its Making Indonesia 4.0 strategy, a roadmap designed to adopt and integrate Industry 4.0 technologies into production processes, the government has also been pursuing initiatives in efforts to diversify its economy away from a reliance on raw…

Overview

Urbanisation and strategic projects drive Indonesia's economic growth
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As the largest economy in Southeast Asia and the fourth most populous country in the world, the prospects for Indonesia’s construction and real estate sectors are enhanced by sustained urbanization and a demographic dividend that is expected to continue to stimulate demand for housing and leisure attractions. At the same time, large-scale government-backed infrastructure projects are providing a…
Interview

Yukki Hanafi, Acting Chairman, Indonesian Chamber of Commerce and Industry (KADIN): Interview
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Interview: Yukki Hanafi, Acting Chairman, Indonesian Chamber of Commerce and Industry (KADIN) Which key industry segments should be prioritised to enhance economic growth and international competitiveness in the coming years? YUKKI HANAFI: Indonesia achieved 5.3% economic growth in 2022 and a peak in export value of $291bn. Aligned with the Golden Indonesia 2045 vision – launched in September 2023…
Interview

Shinta Kamdani, Honorary Trustee, Indonesia Business Council for Sustainable Development (IBCSD): Interview
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Interview:Shinta Kamdani, Honorary Trustee, Indonesia Business Council for Sustainable Development (IBCSD) To what extent does sustainable development play a role in Indonesia’s business ecosystem? SHINTA KAMDANI: Sustainable development is increasingly crucial to Indonesia’s business ecosystem, addressing the country’s significant challenges and global demand for sustainable practices.…
Interview

Shirley Tan, Vice Chairman, Rajawali Property Group: Interview
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Interview: Shirley Tan, Vice Chairman, Rajawali Property Group How do you assess the recovery in the tourism industry since the Covid-19 pandemic? SHIRLEY TAN: The recovery of Indonesia’s tourism industry after the pandemic has been robust, particularly in relation to international tourist arrivals. We recorded about 16.1m foreign visitors in 2019, and projections for 2024 suggest that numbers…
Interview

Kusumo Martanto, CEO and co-founder, Blibli: Interview
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Interview: Kusumo Martanto, CEO and co-founder, Blibli What is your assessment of the current status of Indonesia’s digital economy? KUSUMO MARTANTO: The digital economy of Indonesia is flourishing and stands out on a global scale, buoyed by its stable and optimistic economic trajectory, as forecast by the World Bank, with predictions of sustained growth extending through 2026. The country has…
Interview

Tommy Wattimena, CEO, Great Giant Foods: Interview
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Interview: Tommy Wattimena, CEO, Great Giant Foods To what extent are food production companies responsible for promoting healthy eating options and sustainable consumption habits? TOMMY WATTIMENA:In the current landscape of the Indonesian food industry, we are witnessing a diverse range of consumer trends that are influencing corporate strategies. These trends span from an increased…
Chapter

The Report: Indonesia 2024: Construction & Real Estate
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Indonesia, as the largest economy in South-east Asia and the fourth-most-populous nation in the world, is experiencing a robust expansion in its construction and real estate sectors. The country’s ongoing urbanisation and favourable demographic trends are set to drive strong demand for residential and commercial properties, alongside leisure and recreational facilities. Significant government-led…
Chapter

The Report: Indonesia 2024: Transport & Infrastructure
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Indonesia, an archipelago with over 17,000 islands and a population of nearly 280m, relies on diverse passenger transport systems to drive connectivity and economic development. In recent years, the government has significantly boosted spending on transport and infrastructure, further supported by private investment through public-private partnerships. Historically, the transport sector has been car-dominated,…