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Analysis

Marine segment offers great potential as Indonesia targets better accessibility
OBG
plus

With more than 17,000 islands spanning 54,716 km of coastline and some of the world’s most enchanting diving spots, Indonesia has major potential in the marine tourism segment. And while it is the world’s largest archipelagic country, the marine tourism sector has remained relatively undeveloped. Out of the Wilderness Although there are a number of boutique sailing cruises operating out of Bali…

Analysis

Protecting and developing Indonesia's fisheries
OBG
plus

As the largest archipelago country in the world with more than 17,500 islands, Indonesia has both huge potential and abundant wealth lying within its territorial waters. Looking to tap into this potential, newly-elected President Joko Widodo has so far placed a high degree of emphasis on marine industry and security, stating in his inaugural speech in October 2014 that, “the time for us is to return…

Analysis

Ensuring intellectual property protection and quality assurance in Indonesia's pharmaceuticals sector
OBG
plus

The introduction of universal health care is expected to have a major impact on Indonesia’s already thriving pharmaceuticals sector. Analysts have predicted that 2015 will be a watershed year for pharmaceuticals, with the full implementation of universal health care (known as JKN locally) expected to increase demand for prescription medications. Generics especially will benefit, because the government…

Analysis

Market for machines grows in Indonesia's health care sector
OBG
plus

Because Indonesia manufactures only a small number of the high-tech medical devices and equipment it uses domestically, the opportunities for foreign manufacturers, suppliers and distributors of medical devices are numerous. Devices and equipment used in clinical laboratories, diagnosis, surgery, cancer treatment, dental services and dermatology are all expected to see high demand as the nation’s…

Analysis

Boosting Indonesian educational institutions' competitiveness and R&D in Indonesia
OBG
plus

After President Joko Widodo’s administration took the reins of government in 2014, it implemented changes to the structure and mission of the education system. These changes aim to enhance the competitiveness of the workforce and increase the amount of research and development (R&D) activities conducted by students, researchers and entrepreneurs. A New System The restructuring reinforced the…

Overview

Hope for reform in Indonesia
OBG
plus

With the July 2014 election of a new president, Joko Widodo, a new mood of confidence and optimism is palpable in Indonesia, the world’s third-largest democracy and most populous majority-Muslim nation. Hopes are high that a new dynamism in Jakarta will see many long-standing challenges addressed. At the same time, the country’s economic expansion is continuing apace, with a large, young population…

Overview

Ambitious development plans in the works in Indonesia after the 2014 election
OBG
plus

While the Republic of Indonesia is less than seven decades old in its current form, the South-east Asian nation of more than 17,500 islands has had a much longer history under other names. In fact, the name “Indonesia” was first used in 1850 by British anthropologist James Richardson Logan when he referred to the extensive group of islands widely known at the time as the Indian or Malay Archipelago. History Archaeological…

Overview

FDI keeps climbing as Indonesia's trade balance records a surplus
OBG
plus

With full-year realised foreign direct investment (FDI) hitting a new record in 2014, Indonesia’s trade and investment flows have improved considerably over the last 10 years. The capital account deficit was brought back under 3% that year, and at the end of 2014 and in early 2015 the country reported a trade surplus after years in the red. Due to stronger economic growth and new policy initiatives,…

Overview

Restoring investor confidence in Indonesia
OBG
plus

Indonesia’s GDP growth rate has been slowing for a number of years, falling from 6.5% in 2011 to 5% in 2014 and 4.7% in first-quarter 2015 – the lowest rate since 2009. From third-quarter 2014 to fourth-quarter 2014 the economy contracted 2%, and then in January 2015 the country experienced deflation of 0.2%, according to Bank Indonesia (BI). Foreign direct investment (FDI) on a committed basis…

Overview

Indonesia working towards inclusive and efficient financial services
OBG
plus

The Indonesian banking sector continues to strengthen after a lengthy period of expansion. Business remains sound with sufficient capital to support credit growth, while the regulatory environment is benign and supportive, poising the industry for further expansion. Indonesia is the most populous nation in the ASEAN bloc, and has a great number of people without bank accounts as well as a fast-emerging…