Sustained by a diverse landscape, Indonesia’s agriculture sector has long been an important source of income for local households and has contributed much-needed export revenue. The sector has historically served as a pillar of the Indonesian economy, but has yet to achieve its full potential, though significant progress has been made in recent years under the business-orientated...
Considered a powerhouse in the realm of mineral production, Indonesia’s mining sector has long served as a key pillar of economic expansion, acting as a significant contributor to GDP by attracting much-needed export dollars, while also creating employment opportunities across the nation’s diverse landscape. However, soft commodity prices, declining demand from China and regulatory changes...
Despite a range of economic and political challenges both at the national level and across the region, Indonesia’s tourism industry posted strong growth in most segments in 2016. According to data from the Ministry of Tourism (MoT), the country welcomed 12.02m foreign visitors, an increase of more than 15% on 2015. This figure matches almost exactly the government’s target of 12m tourist...
Following several years of robust expansion supported by the launch and implementation of a major public infrastructure programme emphasising significant new transportation, utilities and social infrastructure builds, Indonesia’s construction industry is set to remain on a rapid growth path. State-owned enterprises continue to dominate the construction landscape, although the government has...
Driven by rising demand for new, affordable technology products and services among the nation’s large youth population, as well as increased investments by both the state and the private sector, Indonesia’s ICT sector expanded rapidly in 2016 and the first half of 2017. By January 2017 Indonesia’s mobile connectivity penetration rate – a measure of the number of mobile subscriptions as a...
In the wake of pro-business reforms and infrastructure development commitments, some of the world’s largest retailers have been expanding their presence in Indonesia. At the same time, the continued liberalisation of the sector has brought decreased levels of risk and increased market penetration. Today, Indonesia is home to a mix of modern and traditional retail outlets, with an uptick in e-...
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