What fiscal measures are needed to add higher value in the manufacturing sector?
Investment and development in maritime infrastructure and greater support for the shipbuilding industry look set to raise Indonesia’s freight-handling capacity, moving the country closer towards its goal of becoming a top global maritime player.
An infrastructure boom is under way in Indonesia, after the administration of President Joko Widodo committed to developing Rp5500trn ($414.6bn) worth of new public works projects between 2015 and 2019, including large-scale transport, utilities and ICT projects, as well as new schools, hospitals, and water supply and treatment plants.
As the largest economy in South-east Asia and the 10th-largest worldwide in terms of purchasing power parity, Indonesia’s vastly expanding middle-income base has enticed an influx of international manufacturers over the years. These factors have allowed the sector to perform sturdily over the last decade, despite the global economic slowdown...
How do you see AIIB supporting infrastructure development in ASEAN in the coming years?
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