Indonesia

As with the banking sector, insurance in Indonesia is on the cusp of wide-reaching change. Given the country’s large population of nearly 250m – expanding by more than 1% per annum – its growing middle class and a GDP rising at about 6% a year, the insurance sector stands to benefit from these fundamentals in the years ahead. Indeed, at just $77, insurance density in Indonesia...

Although Indonesia has the world’s largest Muslim population, it trails many other markets in terms of uptake, awareness and product innovation in Islamic capital markets. As of the end of May 2015, only 3.3% of corporate bonds and 11.8% of government bonds by value were sharia-compliant. By contrast, in Malaysia half of all debt issued meets Islamic standards.

THE COMPANY: Established in 1984, Bumi Serpond Damai (BSDE) is a property developer well known for its success in developing BSD City in Serpong, Banten, from a mere plot of land into a highly populated satellite city with over 160,000 people. The city is accessible through two toll roads, namely, the Jakarta-Serpong and Bintaro-...

THE COMPANY: Mitra Adiperkasa (MAPI) claims itself as the number-one lifestyle retailer in Indonesia. As of 2014, MAPI had 1931 retail outlets located in 64 Indonesian cities, with a portfolio of over 150 international brands and 111 retail concepts. The company divides its business into four major segments: retail (clothes, sports...

THE COMPANY: Kalbe Farma (KLBF) was established in 1966 in a humble garage house in North Jakarta by six siblings: Khouw Lip Tjoen, Khouw Lip Hiang, Khouw Lip Swan, Boenjamin Setiawan, Maria Karmila and F Bing Aryanto. For over 40 years, the company has been aggressively expanding its business, both organically and through strategic...