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Overview

Regulations forcing minerals exporters to devise new strategies in Indonesia
OBG
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Endowed with ample mineral and coal resources that have yielded some of the most productive mines in the world, Indonesia’s mining sector continues to exert substantial influence on both the domestic economy and global markets. The world’s largest coal exporter, Indonesia continues to lead the seaborne market despite several leaner years due to weaker demand and softer prices. Local demand is also…

Overview

Niche areas and a rich cultural heritage provide momentum for Indonesia's tourism sector
OBG
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Since the 1930s, the unique culture and picturesque landscape of Indonesia’s island of Bali has lured millions of visitors, from artists who found inspiration from the rice terraces and religious ceremonies in the cultural capital of Ubud, to those lured by the nightlife of Kuta and Seminyak. But even as Bali has boomed, the delights from the rest of Indonesia’s archipelago of more than 17,000…

Overview

New regulations may curb foreign investment in Indonesia's agriculture sector
OBG
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Pervading nearly every level of the country’s social, geographic and economic strata, Indonesia’s agrarian roots run deep. The sector provides a livelihood for the majority Indonesian households ranging from small family subsistence plots to multinational agribusiness giants, all of whom contribute to supplying sustenance to the world’s fourth-largest population as well as growing cash crops…

Overview

OBG talks to Jorge Wagner, President-Director, Boehringer Ingelheim Indonesia; and Bernadette Ruth Irawati Setiady, President-Director, Kalbe Farma
OBG
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Interview: Jorge Wagner, Bernadette Ruth Irawati Setiady Indonesia’s pharmaceutical market is expected to reach $9.9bn by 2020. What growth is expected for high-end drugs vis-à-vis generics? JORGE WAGNER: While generics are experiencing strong growth following expanded access to medicines with the implementation of the universal health care scheme, there is also a place for innovative products…

Overview

Indonesia's universal health care goals
OBG
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The year 2015 marks the second year of the rollout of universal health care (UHC), known as JKN locally, in Indonesia. The plan saw a challenging launch in 2014, but administrators and lawmakers are maintaining the target of full implementation by 2019, when 240m260m Indonesians will be eligible for coverage under the plan. In many ways, the implementation of JKN is driving the rest of the country’s…

Overview

Addressing Indonesia's skills gap
OBG
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Ranking fourth globally in size after China, India and the US – and the third largest in Asia – Indonesia’s education system is both large and varied, a complex interweaving of public and private systems all governed to some extent by centralised and decentralised governmental oversight. Economic Lever By 2030 Indonesia is expected be the world’s seventh-largest economy, according to the…

Overview

Changes to Indonesia's tax system and regulations for potential investors
OBG
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The Indonesian tax system is based on three primary laws: the General Tax Provisions and Procedures ( Ketentuan Umum dan Tata Cara Perpajakan, KUP) Law, the Income Tax Law, and the Value-Added Tax (VAT) and Luxury Sales Tax (LST) Law. These laws are routinely amended in order to accommodate the country’s rapidly changing business environment, as well as to support the government’s objectives of…

Overview

Indonesia introduces one map policy as a solution to overlapping land claims
OBG
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Indonesia successfully held its third direct elections in 2014. Although there was only a slight difference in the number of votes and the presidency had to be decided by the Constitutional Court, this did not stop the country from seeking a change of course with its new leader, President Joko Widodo. The president has promised to boost the economy by targeting economic growth of more than 7% by 2019. One…
Interview

Suryo Sulisto, Chairman, Indonesian Chamber of Commerce and Industry (KADIN): Interview
OBG
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Interview:Suryo Sulisto How can Indonesia become a production base for investors, rather than just a market for expansion? SURYO SULISTO: Indonesia needs to focus on attracting foreign direct investment that is long-term and aimed at boosting the country’s industrial fabric. There are two priorities in preparing Indonesia to reach this goal. The first is infrastructure, as there is an urgent…
Interview

Nenny Soemawinata, Managing Director, Putera Sampoerna Foundation: Interview
OBG
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Interview:Nenny Soemawinata What can be done to boost the number of qualified educators across the country? NENNY SOEMAWINATA: If we are to have intellectual and professional students, we need intellectual and professional teachers. There is a disparity between the west and the east of the country, where teachers might not be qualified to perform as such and might even need to have another…