Indonesia

Driven by ambitious government targets, the Indonesian automotive industry is shifting into a higher gear, with plans for the industry to overtake Thailand as the largest car production centre in the ASEAN region. As a key pillar of the Indonesian economy, the car manufacturing segment continues to attract much-needed foreign capital, while...

Mobile ride-hailing applications are revolutionising urban transport in Indonesia. Recording triple-digit growth in recent years, apps like Grab, Go-Jek and Uber have made significant inroads, offering targeted GPS services that enable rapid pick-up, easier navigation, speedier journeys and lower price points. Recent investment announcements...

As it moves to implement a major infrastructure development programme, the government has faced significant challenges in accessing the necessary financing for new projects. However, recent moves to partner with the World Bank for the formulation of a government debt and risk management programme (GDRMP) should support borrowing activities at...

Once a key pillar of the Indonesian economy, the energy sector has declined in influence as oil and gas production continues to fall from peak levels. The hydrocarbons sector, which is valued at an estimated $20bn, contributed 3% to state revenues in 2016, down from 14% in 2014 and 25% in 2006. Yet the value of Indonesia’s energy sector cannot...

Indonesia’s insurance sector underwent substantial changes in 2016 and the first half of 2017, with the implementation of the latest insurance law – passed in 2014 – and the reorganisation of regulatory bodies. In 2013 the Financial Services Authority (OJK) replaced the Capital Markets and Financial Institutions Supervisory Board (Bapepam-LK)...