Digitalisation has the potential to impact large parts of the Construction & Real Estate value chain, and where future value will be generated. OBG, in partnership with PwC, has invited key stakeholders in the construction and real estate industries in Indonesia to participate in a panel discussion where smart infrastructure development was discussed. The event was held in the presence of Ridwan…
Construction – and infrastructure development in particular – is expected to be a key driver of economic growth across ASEAN from 2021. The bloc, home to some of the world’s fastest-growing economies and lowest unemployment rates, faced the novel coronavirus after years of health care infrastructure improvements, with much of the group reporting Covid-19 case-fatality rates below the global…
Although the first quarter of 2020 was dominated by disruptions stemming from the global Covid-19 pandemic, 2019 proved a strong year for Indonesia’s economy, which maintained a steady growth rate on the back of robust domestic consumption and continuing efforts to reform policy and simplify investment procedures. This was despite the general election and uncertainty surrounding trade relations
The completion of mass rapid transit (MRT) systems, intercity rail links and toll roads in recent years throughout Indonesia has heralded the emergence of transit-oriented developments (TODs) in real estate. These are intended to maximise the convenience of major transport centres, thereby reducing the collective dependence on private motor vehicles. TOD Communities A modern TOD typically…
Steel consumption in Indonesia is forecast to rise from 15.1m tonnes in 2018 to 22.7m tonnes in 2024. Most demand is expected to come from the government’s infrastructure drive; however, a limited production capacity and highly competitive prices for imported steel has led authorities to call for greater investment in its steel industry and for the expansion and diversification of value-added…
In the years following the 1997-98 Asian financial crisis Indonesia’s economy experienced robust growth, a result of the commodities boom of 2001-12, spurred in part by the exponential development of both India and China. During this period the country averaged 6% annual GDP growth. However, by 2013 approximately one-third of the government’s budget was being channelled into unprofitable…
As an economy largely dependent upon private consumption and commodity prices, Indonesia’s property market is sensitive to fluctuations in both areas. Since the Asian financial crisis of 1997-98 Bank Indonesia, the central bank, has been understandably cautious whenever market anomalies are identified. As a result, a deceleration in economic growth in 2014-15, coupled with rising property…
Interview:Niko Safavi In what ways are eco-friendly materials and sustainability-focused research and development (R&D) impacting the construction sector? NIKO SAFAVI: Sustainability is not a fad but a priority for our customers that, if ignored, will negatively affect the long-term health of the market. Our R&D team is focused on prioritising raw ingredients and manufacturing processes…
Interview:Wong Heang Fine How can new technologies be leveraged to assist urban developments in the medium term? WONG HEANG FINE: Technology is paving the way for data and analytics to make a major impact on infrastructure development and sustainability. To begin with, everything needs a master plan. We use digital twin technology in our design process, which creates a digital representation…
Indonesia’s economy averaged 6% annual GDP growth in the years following the 1997-98 Asian financial crisis. However, by 2013 approximately one-third of the budget was being channelled into unprofitable fuel subsidies at the expense of infrastructure development. This meant that industry and transportation did not develop in line with economic gains, stunting growth of the construction sector in…