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Report | The Report: Abu Dhabi 2020

Abu Dhabi is home to the world’s sixth-largest proven oil reserves and is working to achieve self-sufficiency in natural gas. It has been successfully pursuing diversification, particularly in terms of manufacturing, banking and ICT. While the global Covid-19 pandemic and decline in international oil prices poses challenges for the emirate, the fundamentals underpinning its economy remain strong.

Report | The Report: Egypt 2020

With one of the biggest consumer markets in the region and robust fundamentals, Egypt is well placed to attract international investment and emerge from this difficult period in a strong position. Although the Covid-19 pandemic has caused considerable disruption, the government’s ongoing reform efforts have helped to mitigate the worst effects of the crisis.

Chapter | Education & Human Capital 3 from The Report: Indonesia 2020

As around half of Indonesia’s population is currently under the age of 30, President Joko Widodo, better known as President Jokowi, has repeatedly stressed the need for the country to overhaul its education system in order to prepare the future workforce to compete in an information-, technology- and creativity-driven global marketplace. While currently on hold due to the Covid-19 pandemic, the construction of a new capital city powered by smart technologies in East Kalimantan will further drive local demand for skilled engineers capable of spearheading the government’s Making Indonesia 4.0 initiative, a vision designed to prepare the country for the increasing automation of industry. This chapter contains interviews with Nadiem Makarim, Minister of Education and Culture; and Tony Fernandes, CEO, AirAsia Group.

Chapter | Legal Framework from The Report: Indonesia 2020

This chapter examines the legal system of Indonesia, focusing on regulations to boost investor appeal and enhance the ease of doing business. These include measures for the regulation of e-commerce activities to support ongoing digitalisation, data protection legislation and the proposed omnibus laws. This chapter contains a viewpoint from Teguh Maramis, Senior Partner, Lubis Santosa & Maramis.

Chapter | Tax & Business from The Report: Indonesia 2020

The Indonesian government set a tax revenue target of Rp1786trn ($125.9bn) for the year and had successfully collected 86.5% of that figure by the end of December 2019. In 2020 the target was raised to Rp1861.7trn ($131.2bn). This chapter offers an overview of Indonesia’s tax system, including the proposed omnibus laws, international taxation, zero-rated services, tax concessions and the luxury good sales tax, as well as outlines the online single submission system for the electronic processing of tax allowance applications and analyses regulatory efforts to boost the digital ecosystem. This chapter contains a viewpoint from Subianto, Partner and Digital Services Co-Leader, PwC Indonesia.

Chapter | Health from The Report: Indonesia 2020

The health care sector in Indonesia is in the midst of change, with the government making a final push to roll out universal health care (UHC) against the backdrop of the global Covid-19 pandemic. The plan had initially aimed to bring the population of over 268m under coverage by end-2019, but it had yet to achieve the targeted levels of funding and coverage as of early 2020. While the health system is currently tackling multiple burdens, it is limited by comparatively low government spending, rising labour costs and insufficient infrastructure. The move towards UHC is driving demand for private health care, opening new opportunities for collaboration. Going forwards, investment in digital health and technology-based platforms – highlighted during the novel Coronavirus outbreak – must continue to ensure that the health care sector’s reach is vast and sufficient. This should also spur greater focus on personal health across the population. This chapter contains interviews with Terawan Agus Putranto, Minister of Health; and Jonathan Sudharta, Founder, Halodoc

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