Plans to double oil refining capacity by 2025 are advancing as Indonesia works to enhance security of supply, while reducing its fuel import bill. In May 2016 state oil company Pertamina signed an agreement with Russia’s Rosneft for the first of two 300,000-barrel-per-day (bpd) refineries and took a major step forward in the revamping of its...
What is your assessment of the 35-GW plan?
Development of Indonesia’s energy sector to meet rapidly rising demand and sustain economic growth is arguably the most daunting challenge facing the administration of President Joko Widodo. A combination of economic growth, increased urbanisation and cheap energy supplies, resulting from fuel and electricity subsidies, have all led to sharp...
With strong premiums growth in recent years, a liberal investment environment and a low penetration rate, Indonesia’s insurance sector is poised for a period of rapid expansion. A slight market slowdown in 2013-14 – due in large part to regional economic volatility – appears to have reversed course in the first half of 2016, with positive...
Despite some downward pressure in 2014-15 – in part, due to volatility in the mining and energy sectors – Indonesia’s insurance sector has experienced strong growth in recent years and premiums are expected to increase by a double-digit margin in 2016, according to a forecast by the Association of General Insurance Companies in March 2016. The...
Life insurance which has been the largest component of Indonesia’s insurance industry in recent years, recorded a significant decline in revenues in 2015. According to the Indonesia Life Insurance Association (AAJI), in the first nine months of 2015 the life insurance segment saw revenues decline by 26.3% in total, on the back of a 152.7% drop...
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×