Indonesia Economy

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The pandemic and its related economic effects prompted a slowdown in initial public offerings (IPOs) in South-east Asia, as it did globally. However, there are indications that the region is set to see listing activity bounce back in the coming months.

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?

 

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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...

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