Indonesia’s automakers are investing heavily in increasing and diversifying production to keep pace with rising demand in what is now South-east Asia’s largest vehicle market.Last year, Indonesia overtook Thailand to achieve the highest vehicle sales among ASEAN member states. More than 894,000 units were sold, according to Jongkie Sugiarto, the first deputy chairman of the Association of Indonesian…
Oxford Business Group launches 2012 report on country’s economyIndonesia’s massive infrastructure development which the country expects to be the primary driver of economic growth is given wide-ranging coverage in a new report just published by Oxford Business Group (OBG). The Report: Indonesia 2012explores the preparations that the country is making to improve its business climate…
With GDP growth for 2011 expected to have hit more than 6% and home to a growing and savvy population, the future of Indonesia’s retail sector looks promising, though there are concerns that a recent influx of mall building has glutted the market temporarily.Indonesia’s economy, already one of the 20 largest internationally, is growing rapidly, well above the global average. The International Monetary…
Oxford Business Group launches 2012 publication on Kingdom’s economyThe massive investment Saudi Arabia is making in major developments across the sectors of its economy, including housing, transport and oil refinery projects, is given wide-ranging coverage in a new report just published by Oxford Business Group (OBG). The Report: Saudi Arabia 2012provides in-depth analysis of the…
Within its vast territory, Indonesia contains enough renewable energy sources to enable the country to more than quadruple its current power-generating capacity. According to data from the Directorate-General of New and Renewable Energy and Energy Conservation (EBTKE), the combined renewable energy potential of Indonesia’s hydro, geothermal and biomass resources amounts to around 155.28 GW. This…
Rising demand is expected to have seen consumer electronics sales in Indonesia reach IR28trn ($3.1bn) in 2011, according to the country's producers association. While the figure underlines healthy growth in the sector, industry leaders say improved incentives and better infrastructure could lead to faster progress.The estimate from the Electronic Producers Association (Gabel), given late last year,…
According to the sector’s regulator, the Bank of Indonesia, there are 120 commercial banks and 1681 rural lenders in Indonesia. In reality, however, a small number of them are responsible for most of the lending activity in the market, with 15 banks accounting for about 70% of credit. As ranked by assets, the following are the five largest banks in the country, including three state-owned institutions.…
One of the biggest issues facing Indonesia’s infrastructure push is how it will be financed. The government says that it wants to build and pay for about a third of its public-works priorities, and is currently in the process of attracting investors willing to share the risk, cost and the construction responsibility for the remainder through public-private partnerships (PPPs). Indonesia boasts…
THE COMPANY: Agung Podomoro Land develops, manages and rents integrated properties, which include apartments, houses, hotels, offices, stores, shopping centres and entertainment centres, supported by its facilities through the company and its subsidiaries. The company carries a bond issuance worth approximately Rp1.2trn ($144m). This bond is divided at Rp325bn ($39m) and Rp875bn ($105m), respectively.…
Although health insurance is an add-on sold by both life and non-life underwriters, it remains a profitable yet under-recognised product on the Indonesian market. The reform of the public health sector into one based on insurance has seen the role of state enterprises expand, but has also provided opportunities for private insurers. A regulatory grey zone allows both types of underwriters to offer…
