November 2016: A new report just produced by the global publishing, research and consultancy firm Oxford Business Group (OBG) shines a spotlight on the raft of pro-business reforms that Indonesia’s government has begun rolling out.
The Report: Indonesia 2017 analyses in detail the 13 stimulus packages issued to date, which include easing restrictions on foreign investment and removing 35 industries from the country’s negative investment list.
The publication also charts the key trade deals that are currently under consideration and form a major part of Indonesia’s broader bid to boost bilateral relations.
Other highlights include in-depth coverage of the country’s major infrastructure drive, which includes a raft of high-profile projects that are expected to provide myriad investment opportunities for the private sector, as the government moves to bridge shortfalls and meet rising demand for public services.
The Report: Indonesia 2017 was launched on November 21st at Grha Bimasena High-profile representatives from across the public and private sectors attended the launch, which included a lively panel debate on the theme ‘Review of Investment Opportunities: Indonesia 2017’.
Thomas Lembong, Chairman of the Indonesia Investment Coordinating Board (BKPM), made a keynote speech at the event, while OBG’s Managing Editor for Asia, Paulius Kuncinas, moderated the debate. Panellists were: Batara Sianturi, President Director, Citi Indonesia; Heru Dewanto, President Director, Cirebon Power; Irhoan Tanudiredja, Senior Partner of PwC; Wismana Adi Suryabrata, Deputy for Infrastructure; Ministry of National Development (BAPPENAS); Jaspal Sidhu, Founder and CEO, SIS Group of Schools and Adrian Short, President Director of Rolls-Royce Indonesia and Chairman of the British Chamber of Commerce in Indonesia.
The Report: Indonesia 2017 contains a contribution from President Joko Widodo, together with a detailed, sector-by-sector guide for investors.
It also features a wide range of interviews with other high-profile personalities, such as Muhammad Jusuf Kalla, Vice-President, Republic of Indonesia; Sri Mulyani Indrawati, Minister of Finance and former Managing Director, World Bank; and Arief Yahya, Minister of Tourism.
International representatives who give their views on Indonesia’s development include John Key, Prime Minister of New Zealand; Lim Hng Kiang, Singapore Minister for Trade and Industry; and Hugo Swire, UK Member of Parliament.
Andrew Jeffreys, OBG’s CEO and Editor-in-Chief, said growing recognition in Indonesia that economic liberalisation was the best option for the country and an increasingly accommodative monetary policy was already helping to boost investor confidence.
“Our report points to an investment landscape that is being redefined on the back of an ambitious economic strategy,” he said. “With the global business community now able to explore opportunities in high-potential industries, the coming year looks set to be one of significance for Indonesia.”
Paulius Kuncinas, Managing Editor for Asia, added that while falling commodity prices and a decline in demand from China had slowed growth in recent years, government spending had helped Indonesia to maintain economic momentum.
“Indonesia will doubtless face further challenges in its bid to become one of the world’s developed countries by 2025. However, the so-called big bang of reforms should help to keep investment levels heading upwards,” he said. “Boosting exports and consumption will have a key part to play in helping this important market to tap new growth and reach its targets.”