The Indonesian economy had a strong year in 2018, with growth of 5.2% marking the fastest pace in half a decade. This came on the back of robust domestic consumption, increased foreign investment and continuing efforts to reform policy and simplify investment procedures, and despite challenges including a falling rupiah, a trade imbalance and global political issues.
A new state-owned banking and telecoms alliance is set to shake up Indonesia’s fast-growing digital payments market, with the launch of a new platform expected to provide customers with greater choice and help improve financial inclusion.
Indonesians will go to the polls on April 17 to elect their head of state for the next five years, with the two candidates on the ballot paper offering differing views of how the country’s $1trn economy should be managed.
In what ways are fintech players providing easier access to finance for small and medium-sized enterprises (SMEs)?
For the first time since its inception, the Indonesian government’s One Million Houses (OMH) programme has hit its goal of constructing at least 1m units per year, with 1.13m built in 2018 as part of efforts to reduce the country’s housing backlog.
Indonesia posted another solid year of expansion in 2018, supported by strong growth in domestic demand, with further policy initiatives set to continue momentum moving forward.
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