Indonesia’s place as the largest economy in ASEAN presents a strong value proposition for investors. Already achieving one of the world’s most consistent economic growth rates of above 6% since 2007, with only a minor dip to 4.6% in 2009, Indonesia has continued to impress global investors as more export-oriented economies have wavered. The BKPM has forecast that Indonesia will attract $40bn in…
While the modern state of Indonesia only came into being after the Second World War, the islands’ history dates back much earlier: evidence of humanoid activity from 1.5m-1.6m years ago has been found on Java. Following the arrival of the Portuguese in the 16th century, the islands experienced European colonial rule until the Second World War. The country was occupied by the Japanese during the war,…
Predictions of rosy export figures in 2013 for Indonesia’s palm oil sector offer the country a chance to answer claims that it is not living up to its agricultural potential. However, critics say more innovation and private sector development are needed if self-sufficiency and agribusiness goals are to complement each other.In January, Fadhil Hasan, executive director of the Indonesian Palm Oil Association…
Oxford Business Group is pleased to announce its media partnership with the 4th Annual Global Export and Agency Finance 2013 – Asia Pacific which will be held on 29 – 30 January, in Indonesia. In this respect we send you the following message from the conference organisers: Dear Oxford Business Group Subscribers, 4th Annual Global Export and Agency Finance 2013 – Asia Pacific 29th &…
Oxford Business Group is pleased to announce its media partnership with the 7th Natural Gas Vehicles & Infrastructure Indonesia Forum and Exhibition which will be held on 31 January – 01 February, in Indonesia. In this respect we send you the following message from the conference organisers: Dear Oxford Business Group Subscribers, Relevant, Commercially-Driven and Timely NGV Forum set to propel…
Lower-than-expected economic growth for 2012 in Indonesia has been widely attributed to uncertainty in the global economy, with rising domestic demand and investment levels set to back growth in 2013.Indonesia’s Chief Economic Minister, Hatta Rajasa, told reporters in November that GDP growth for 2012 would reach 6.3%, falling short of its target by 0.2% and down slightly on the 6.5% growth seen…
A flurry of initial public offerings (IPOs) planned for December and early 2013 highlight how firms in Indonesia are trying to harness bullish domestic and global confidence to fund plans for expansion.Currently leading the pack is Indonesia AirAsia, whose planned IPO hopes to raise some Rp1.7trn ($175.78m) in early 2013. The aviation firm is closely followed by state-owned plantation firm Perkebunan…
Interview: Surin Pitsuwan How can ASEAN countries work together to position the region as a leading tourism destination? SURIN PITSUWAN: The ASEAN countries all have tremendous potential for attracting tourists, and recognise that combining their individual efforts will multiply the opportunities and benefits for the whole region as well as for each country. ASEAN has been implementing a number of…
Interview: Alessandro Texeira There are signs of emerging markets decoupling from developed economies. Will economies such as Brazil’s be more immune to external shocks? ALESSANDRO TEXEIRA: I would not call it “decoupling” as such. The crisis has increased the necessity and speed at which these economies are becoming more autonomous, but it is not a consequence of the crisis. We are seeing…
Interview: Jim O’Neill In July 2012 the European Central Bank and the Central Bank of China reduced interest rates. What does this mean for these economies? JIM O’NEILL: We’ve started to see evidence of things slowing in many places. We’ve also recently had disappointing job numbers in the US. Obviously the European crisis will have its own ongoing negative consequences. But I wonder whether…
