Rising domestic and international demand is driving new investment in Indonesia’s automotive industry, with increases in both manufacturing and materials capacity to boost the sector’s growth prospects.
Rising domestic and international demand is driving new investment in Indonesia’s automotive industry, with increases in both manufacturing and materials capacity to boost the sector’s growth prospects.
What is your overall assessment of Indonesia’s economic progress and performance in 2018?
Indonesia’s tourism sector posted strong growth in the first half of the year, supported by rising visitor numbers from key source markets.
Indonesia’s power sector is expanding gas-fired generation capacity to meet rising electricity consumption, a move that is expected to increase net energy imports as part of plans to meet long-term demand.
Indonesia’s central bank has moved to stabilise the value of the rupiah and contain capital outflows following the implementation of two interest rate rises in a month, part of a new proactive policy stance.
Indonesia is looking to utilise advancements in modern technology to spur growth and improve competitiveness in the industrial sector, with the government unveiling a new plan aimed at increasing manufacturing output.
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