After achieving a foreign trade surplus last year on the back of strong demand for minerals and agricultural products, Indonesia is looking to sustain growth by building ties with new markets, as well as deepening relationships with existing partners.
After long-term struggles to meet tax collection targets, the government rolled out a bold tax amnesty initiative in 2016. The programme – eliminating criminal prosecution and large back tax bills, and offering lower tax rates on hidden assets – has been successful, as trillions of rupiahs of onshore and offshore assets and income have been...
Authorities have considerably reduced the current account deficit, which fell to historic lows in 2016. Improved fiscal management led to global ratings agency Standard & Poor’s upgrading Indonesia’s sovereign credit rating in May 2017, which should encourage greater capital inflows. Meanwhile, a gradual rise in commodities prices will...
What measures and policies can further support Indonesian GDP growth in the coming years?
Commodities exports are an important part of the Indonesian economy, and the country has been negatively affected by a slump in global prices, with export receipts contracting significantly since 2012. Although much of this is due to weakening demand in China, Europe and the US, the recent introduction of several protectionist policies –...
Agriculture (021) 780 6131 Communications & Information (021) 350 0488 Coordinating Ministry of Economic Affairs (021) 385 0119 Defence (021) 382 050 Education (021) 570 3303 Energy & Mineral Resources (021) 380 4242 Environment & Forestry (021) 345 1064 Finance (021) 386 1489 Foreign Affairs (021) 344 1508 Health (021) 520 1590...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×