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Interview

Shirley Tan, Vice Chairman, Rajawali Property Group: Interview
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Interview: Shirley Tan, Vice Chairman, Rajawali Property Group How do you assess the recovery in the tourism industry since the Covid-19 pandemic? SHIRLEY TAN: The recovery of Indonesia’s tourism industry after the pandemic has been robust, particularly in relation to international tourist arrivals. We recorded about 16.1m foreign visitors in 2019, and projections for 2024 suggest that numbers…
Interview

Kusumo Martanto, CEO and co-founder, Blibli: Interview
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Interview: Kusumo Martanto, CEO and co-founder, Blibli What is your assessment of the current status of Indonesia’s digital economy? KUSUMO MARTANTO: The digital economy of Indonesia is flourishing and stands out on a global scale, buoyed by its stable and optimistic economic trajectory, as forecast by the World Bank, with predictions of sustained growth extending through 2026. The country has…
Interview

Tommy Wattimena, CEO, Great Giant Foods: Interview
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Interview: Tommy Wattimena, CEO, Great Giant Foods To what extent are food production companies responsible for promoting healthy eating options and sustainable consumption habits? TOMMY WATTIMENA:In the current landscape of the Indonesian food industry, we are witnessing a diverse range of consumer trends that are influencing corporate strategies. These trends span from an increased…
Chapter

The Report: Indonesia 2024: Construction & Real Estate
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Indonesia, as the largest economy in South-east Asia and the fourth-most-populous nation in the world, is experiencing a robust expansion in its construction and real estate sectors. The country’s ongoing urbanisation and favourable demographic trends are set to drive strong demand for residential and commercial properties, alongside leisure and recreational facilities. Significant government-led…
Chapter

The Report: Indonesia 2024: Transport & Infrastructure
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Indonesia, an archipelago with over 17,000 islands and a population of nearly 280m, relies on diverse passenger transport systems to drive connectivity and economic development. In recent years, the government has significantly boosted spending on transport and infrastructure, further supported by private investment through public-private partnerships. Historically, the transport sector has been car-dominated,…
Chapter

The Report: Indonesia 2024: Tourism
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Indonesia presents substantial potential as a tourist destination due to its diverse natural landscapes, including beautiful beaches, lush tropical forests, majestic mountains and expansive seas. Although the country has a well-established tourism industry, there remains considerable room for expansion. The administration of President Joko Widodo, better known as President Jokowi, who will conclude…
Chapter

The Report: Indonesia 2024: Trade & Investment
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Indonesia has experienced strong trade surpluses and a rise in foreign direct investment in recent years, especially following the easing of Covid-19 disruptions. Since 2020 the country has implemented significant reforms in trade, investment, immigration, labour and real estate laws, making it more attractive to international businesses. Designated trade and investment zones have further boosted foreign…
Chapter

The Report: Indonesia 2024: Economy
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Indonesia, with the world’s fourth-largest population and the 16th-largest economy, has seen considerable progress under President Joko Widodo, better known as President Jokowi, who has led the nation for a decade. His administration has driven substantial socio-economic advancement through extensive infrastructure improvements, regulatory reforms and a focus on enhancing the workforce. These efforts…
Chapter

The Report: Indonesia 2024: Digital Economy
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Digital technologies play a crucial role in Indonesia’s burgeoning economy, driven by a competitive telecommunications sector and rapid growth in financial technology and e-commerce. The Covid-19 pandemic significantly accelerated the migration of business operations, education and social interactions online, highlighting the importance of digital infrastructure. Indonesia's young population and…