On unlocking a new frontier for investment in South-east Asia How do you assess Timor-Leste’s current economic trajectory, particularly following ASEAN accession? JOSÉ RAMOS-HORTA: Timor-Leste is at an inflection point in its national development, moving from post-conflict recovery towards a new phase of institution-building and economic development. This trajectory has only been possible…
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Trade between the ASEAN and the Gulf Cooperation Council (GCC) has grown considerably in recent years, as economies in both regions seek to capitalise on mutually beneficial opportunities, and diversify their trade and investment partners. Indeed, trade between the GCC and Asian countries classified as emerging and developing by the IMF increased 34.7% from $383bn in 2021 to $516bn in 2022, according…
Indonesia has made steady progress in economic development in recent years, anchored on the Golden Indonesia 2045 vision, which aims to industrialise the country, raise the GDP per capita to $25,000 and create 10m jobs by 2045. Prepared by the National Development Planning Agency (BAPPENAS), Indonesia’s National Medium-Term Development Plan (RPJMD) 2020-24 is designed to ensure long-term sustainability…
Alongside significant political efforts to speed up the energy transition, green finance has been a key tool in financing growth, as governments, international institutions and lenders alike seek to support the shift towards renewables. The issuance of green bonds – financial instruments that fund environmentally sustainable projects – hit a new record of $596.3bn in 2021, according to the Climate…
Impact investment – which is purposely designed to generate tangible social and environmental benefits alongside financial returns – presents promising risk-adjusted prospects. This type of investment not only provides value for investors, but can also greatly advance the UN Sustainable Development Goals. A Maturing Sector Impact investing continues to expand in both depth and sophistication,…
Sustained GDP growth, supportive government policies and regulations, and increased interest from private equity and venture capital (VC) investors have contributed to robust mergers and acquisitions (M&A) activity in Indonesia in recent years. The year 2021 was a landmark one for such deals in Indonesia, with a record total value of $26bn from 147 deals. Amid global high interest rates and economic…
While the Republic of Indonesia is nearly eight decades old in its current form, the South-east Asian nation of more than 17,000 islands has a history that dates back much longer. The name Indonesia was first used in 1850 by the British anthropologist James Richardson Logan in reference to the extensive group of islands that was known at the time as the Indian or Malay Archipelago. Archaeological…
Indonesia has the world’s fourth-largest population and 16th-largest economy. During his 10 years as head of this G20 country, President Joko Widodo, better known as President Jokowi, has overseen significant socio-economic developments, implementing broad-based infrastructure upgrades and regulatory overhauls, strengthening the workforce, generating higher inflows of private and foreign investment,…
Indonesia has registered robust trade surpluses and attracted increased foreign direct investment (FDI) inflows in recent years, with notable expansion taking place since the easing of economic disruptions caused by the Covid-19 pandemic. Significant upgrades to trade, investment, immigration, labour and real estate legislation have been implemented in the years since 2020, with international organisations…
