In an effort to protect its domestic banking industry from foreign competition, the Indonesian government has imposed restrictions on foreign banks operating in the country, introducing ownership restrictions in 2012, and drafting new regulations that would oblige foreign banks to become locally incorporated entities. The nation’s banking sector has been criticised as too...
Indonesia Economy
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Articles & Analysis | Foreign banking regulations in Indonesia seek to protect local institutions from The Report: Indonesia 2015
Interviews & Viewpoints | SD Darmono, President-Director, Jababeka: Interview from The Report: Indonesia 2015
How can private, local firms help address investment obstacles and boost foreign direct investment (FDI)?
Articles & Analysis | Indonesia's trade ties with Japan have expanded in recent years from The Report: Indonesia 2015
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...
Articles & Analysis | Subsidy cuts create fiscal space to boost infrastructure spending in Indonesia from The Report: Indonesia 2015
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...
Articles & Analysis | Indonesia's government focuses on FDI and reducing the current account and trade deficits from The Report: Indonesia 2015
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...
Articles & Analysis | Indonesia's prudent policies get a helping hand from global markets from The Report: Indonesia 2015
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...