As banks seek to increase efficiency while expanding their reach, Bank Indonesia’s (BI) push towards mobile payments systems holds potential in a country whose under-banked population is spread over some 6000 inhabited islands and is largely rural. Mobile payments hold the promise of cutting costs, expanding access and driving banks’ fee revenue...
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...
In terms of corruption, Indonesia performs poorly. In 2012 Transparency International ranked Indonesia 118th out of 176 countries, with a Corruption Perception Index score of 32 on a scale of 0-100. Endemic and systematic corruption is a major factor hindering development and is a bane to foreign investment.
The Indonesian tax system continues to evolve but for several years has been mainly based on three primary tax laws: the General Tax Provisions and Procedures Law, the Income Tax Law, and the Value-Added Tax (VAT) and Luxury Sales Tax (LST) Law. These tax laws are routinely amended to accommodate the country’s rapidly changing business...
Indonesia has the potential to be Asia’s economic star of the next decade. That its long-term future is sound and promising despite the challenges is confirmed by the views of some 500 prominent business leaders, polled in PwC’s APEC CEO survey 2013. Indonesia is emerging as one of their top investment destinations. Even so, Indonesia needs balance, coordination and...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×