With its low debt-to-GDP ratio and abundant resources, growing consumer demand, healthy political discourse and rising investment, Indonesia is set to lead the region and could become the world’s sixth-largest economy by 2030. The country has 11 commercial ports, more than 200 airports, an estimated 17,508 islands and around 245m people. The government is working to address the current lack of...
Indonesia Industry
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Chapter | Infrastructure from The Report: Indonesia 2013
The economy is surging ahead and, as it expands, authorities are seeking to make the transition from low-cost production and supplying raw materials to more advanced nations to a high-value-added manufacturing industry. Low tariffs have led to more non-tariff barriers in the form of export bans and other incentives to encourage domestic industry. The government is pursuing initiatives to move up...
Long a stalwart of Indonesia’s economic development, particularly in terms of exports, the country’s mining and quarrying industry maintains a steady presence despite fluctuations in global commodity prices and domestic mining policies. Claiming some of the world’s most expansive reserves of valuable minerals and largest operational mines, the sector has seen some of the highest levels of...
Strong domestic demand, combined with a recovery in export orders, is boosting growth in Indonesia’s manufacturing sector, although the prospect of rising labour costs has also highlighted the importance of ensuring efforts to increase productivity are maintained.
Several of Indonesia’s developmental priorities – promoting local industry, stimulating domestic consumption and improving infrastructure – have come into sharp focus in recent months, as the government attempts to temper demand and keep pace with growth. In an effort to suppress a bubble in consumer spending, the central bank has set a minimum down payment of 30% on new automobiles and 25% on motorcycles.
Economic update | Indonesia: Mining reforms
23 Aug 2012
A flurry of new regulations in the mining sector over the past several months has made foreign investors cautious and threatened Indonesia’s status as a darling of emerging-market analysts. Although financial data suggests that macroeconomic risks stemming from the new protectionist stance will be limited, the government has made clear its desire to shift towards more local control of the economy.