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Indonesia is the world’s 16th-largest economy and presents an enticing opportunity for investors, with ongoing reform efforts and attractive demographics. Meanwhile, a booming start-up ecosystem signals the country’s rising consumer power and regional influence. While headwinds are expected to follow Covid-19, Indonesia’s strong foundations will help maintain momentum in the medium to long term.
To assist the government’s financial response to the coronavirus pandemic, Indonesia’s central bank is set to purchase $40bn in sovereign bonds as part of a debt monetisation programme – a strategy seldom used by emerging markets that could have wider implications for the region.
At the start of 2020, the Regional Comprehensive Economic Partnership (RCEP) – potentially the world’s largest free trade deal – seemed on track to be signed by the end of the year. However, the coronavirus pandemic has slowed that process, raising some questions about when the agreement will be formalised.
How would you describe the lifestyle in Indonesia for business travellers and expatriates?
ETIQUETTE: Indonesians are friendly, outgoing and peaceful. Indonesians’ approach to both life and business is one that is reserved and restrained in extreme emotions, while being playful and humorous. As a culture that values saving face, it is more efficient to deal with any problem with a smile and patience than by raising your voice...
THE DHARMAWANGSA JAKARTA Jl. Jalan Brawijaya Raya No. 26, Kebayoran Baru T: +62 (21) 7258 181/3006 8821/8118 01232 firstname.lastname@example.org www.the-dharmawangsa.com Rooms: 99 rooms and suites. Business & Conference Facilities: Ballroom and meeting rooms, and in-house events organiser. Health & Leisure Facilities:...
How has the local government responded to the decision to move Indonesia’s capital city from Jakarta to East Kalimantan?
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