Indonesia’s trade ties with Japan have shown tremendous growth in recent years, with Japan now its second-largest source of investment and second-largest trade partner, despite a decline in investment in 2014. Bilateral ties are expected to grow on the back of new opportunities in manufacturing, defence and energy, although a persistent trade imbalance between the two has led...
In 2014 Indonesia elected a new president, Joko Widodo – a development of significant interest to both national and regional stakeholders, as well as global investors and economists. A self-made businessman whose background and policies have resonated with Indonesians, Widodo ran on a platform that included cracking down on corruption, improving the quality of life outside the...
A key goal of Indonesia’s new president, Joko Widodo, is to boost GDP growth to 7% during his tenure, after it fell to a five-year low of 5.02% in 2014. He will face several challenges in this endeavour. Oil and gas revenues have declined on the back of a drop in prices, while falling global prices for other commodities have translated into weaker demand for Indonesian exports...
In a momentous development for the country, the newly elected president, Joko Widodo, followed through on campaign promises to do away with fuel subsidies in Indonesia. In addition to a 30% petrol price hike unveiled in November 2014, the new administration announced it would eliminate the majority of support beginning in 2015, ending a 48-year-old programme that cost the...
Following a few challenging years that saw Indonesia’s trade balance fall into the red for the first time in years, the country’s trade deficit is rapidly shrinking in the wake of a decline in global oil prices. Although it reached nearly $2bn in 2014, the deficit still stood at less than half its 2013 level, while modest surpluses in early 2015 indicate the nation is...
Throughout his trip to Europe at the beginning of 2013, President Susilo Bambang Yudhoyono was intent on promoting Indonesia as a “complete tourism destination” with a host of interesting and unique places to offer other than Bali. Komodo National Park is such a destination and one which has escaped the attention of many tourists. While more...
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