Indonesia's government is gearing up to cater to the country's increasing love affair with the automobile, unveiling plans to develop the first home-grown saloon car aimed specifically at lower-income families.
Indonesia
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Economic update | Indonesia: In the driving seat
31 Aug 2010
The Bank of Indonesia, the country's central bank, called leading bankers to a meeting last week to discuss new regulations aimed at increasing bank lending. While Indonesia's banking sector has remained relatively robust over the last 18 months, there are concerns that banks are not doing enough to offer credit to certain sectors of the economy, a situation that is stifling potential growth.
Economic update | Indonesia: Capital plans
22 Jul 2010
Indonesia’s capital markets are enjoying a bumper year as investors move in to make the most of its burgeoning economy and relatively strong outlook. Companies and the government are taking advantage of the upswing to launch initial public offerings and bond issues.
Economic update | Indonesia: Higher education
22 Jul 2010
Indonesia’s education system is in for a major overhaul, with the government unveiling plans to increase compulsory education to 12 years. However, some experts warn that the country’s schools have yet to fully assimilate the last round of reforms, which saw mandatory attendance for students raised to nine years.
Economic update | Opportunities Abound
22 Jul 2010
Indonesia’s huge infrastructure investment programme and rapid economic growth are powering up the construction sector, with opportunities aplenty for both foreign and domestic contractors.
The Indonesian government has said that it is seeking upwards of $110bn from investors to finance infrastructure projects up to 2014. Overall, it expects some $150bn to be invested in infrastructure over the next four years, as the country aims to support 7% annual growth.
Economic update | Confident Economy
22 Jul 2010
While many European countries are struggling to avoid slipping back into recession, because of the deepening debt crisis engulfing the eurozone, one of the main problems facing the Indonesian economy appears to be how to avoid economic overheating.