Efforts to stimulate growth in the Indonesian economy took a key step forward in February, with the introduction of new measures aimed at increasing foreign direct investment (FDI) and supporting the country’s small and medium-sized enterprises (SMEs).
With an eye on boosting international trade relations and broadening exports, Indonesia is ramping up efforts to seal a raft of global trade agreements.
As smartphones become more commonplace in Indonesia, apps are enjoying a surge in popularity, suggesting that e-commerce – for both goods and services – is filling market voids and strengthening its economic foothold.
Efforts to spur growth in 2015 through higher spending and major infrastructure projects produced mixed results for Indonesia, in a year dominated by weaker commodity prices.
Planned overhauls to Indonesia’s infrastructure are moving ahead, as a raft of new power and transport projects lead the national drive to achieve middle-income status.
Plans by a Chinese-led private investment group to pour $5bn into a new West Java industrial park signal that the Indonesian government’s efforts to attract additional foreign direct investment (FDI) may be yielding the desired results.
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