TAG: Asia
The eyes of the world are turning towards Papua New Guinea as it prepares to host the APEC Economic Leaders’ Week, the biggest ever international event on its soil.
As the first term of President Joko Widodo draws to a close, executives who participated in Oxford Business Group’s latest Business Barometer: Indonesia CEO Survey remain upbeat about business conditions, even if they are divided over the progress of his administration’s efforts to catalyse private investment in infrastructure.
As the first term of President Joko Widodo draws to a close, executives remain upbeat about corporate prospects, with 80% of the 112 participants in the survey describing their outlook for business conditions in the year ahead as positive or very positive. Opinion is, however, divided on the progress of the administration’s efforts to catalyse private investment in infrastructure. The key to long-term development is human resources. If President Jokowi returns for a second term in office, finding a way to address the mismatch between the needs of high-value industries and the capabilities of the labour force will be one of his greatest challenges.