Oxford Business Group launches 2012 report on country’s economy
Indonesia’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 2012 explores the preparations that the country is making to improve its business climate and reduce red tape in a bid to attract investment for its major projects.
The publication, which marks OBG’s fifth year of operations in the country, also analyses the country’s efforts to strengthen its role on the regional and international stage during its term as Chair of ASEAN in 2011.
The new report was launched at an event held at The Four Seasons in Jakarta on 14th February attended by more than 300 high-profile guests, including Minister of Trade and Chairman of the Indonesia Investment Coordinating Board (BKPM) Gita Wirjawan and the Vice Chairman of the Indonesian Chamber of Commerce and Industry (KADIN) Peter Gontha.
The publication contains a contribution from the President, together with a detailed, sector-by-sector guide for investors. It provides a wide range of interviews with leading political, economic and business representatives including the Coordinating Minister of Economy Hatta Rajasa, the Minister of Finance Agus Martowardojo and the Director-General of the Oil and Gas Directorate and Ministry of Energy and Mineral Resources Evita Legowo.
International personalities, such as the President of Turkey Abdullah Gül, the UK Secretary of State for Foreign and Commonwealth Affairs William Hague and the Secretary-General of ASEAN Surin Pitsuwan also offer their views on Indonesia’s economic development.
The Report: Indonesia 2012 puts the country’s large-scale building campaign in the spotlight, mapping out the significant contribution it is expected to make to economic growth. It looks at the key role that demand for housing is playing in driving cross-sectoral activity, particularly in areas of business related to the construction industry.
OBG’s new report considers the government’s plans to further develop Indonesia’s agriculture sector as part of a bid to address the problem of high food imports. There is detailed coverage of the latest developments in the country’s vital palm oil industry, together with key analysis of plans to boost the fisheries segment.
With Indonesia driving forward its policy of decentralisation, OBG’s new report mulls the greater role handed to regional governors across the country’s 33 provinces. It charts the new wave of development under way in the regions which is being prompted by the ‘Regional Champions’ programme.
The Report: Indonesia 2012 has been produced in partnership with the BKPM and KADIN. Contributions have also been made by Bank Negara Indonesia (BNI) as OBG’s banking partner, PricewaterhouseCoopers who collaborated on the report’s Tax Chapter and Lubis Santosa and Maulana law firm for legal analysis.
Regional Editor Paulius Kuncinas said Indonesia’s ability to tap investment and maintain consumption momentum should pave the way for the country to drive high single digit growth over the next 5-10 years. But he also highlighted the need for Indonesia to address investors’ concerns.
“More energy and effort needs to be expended on creating a transparent and investor friendly business environment,” he said. “Key to further success will be the implementation of ambitious infrastructure projects and further improvement in the business environment.”
OBG’s Country Director María Meroño agreed that an abundance of natural resources and a fast-growing economy had provided solid foundations for Indonesia to build on as it sought out new investors. She also thanked the Group’s partners for the contribution they made during the research process of The Report: Indonesia 2012.
“Our partners have a thorough understanding of Indonesia’s changing economic landscape and their input has undoubtedly strengthened our publication,” she said. “I know our new report will serve as a valuable tool for business leaders, providing them with the data they need on Indonesia’s progress and plans when they come to make their investment decisions.”
The Report: Indonesia 2012 marks the culmination of more than nine months of field research by a team of analysts from OBG, assessing trends and developments across the economy, including macroeconomics, infrastructure, banking and other sectoral developments. The report is available in print or online.