Given Indonesia’s plentiful coal reserves and the need to build vast amounts of power generation quickly, a heavy reliance on fossil fuels is predicted initially. After the completion of the country’s first 10,000-MW fast-track plan, expected in 2014 and primarily relying on coal-fired generation, the table is set for renewable energy to shine. The...
To say that there has been a retail boom in Indonesia is an understatement. The people of the country have over the course of a few years become consummate shoppers, staying up to date with the latest trends and eagerly spending. Indonesia’s economy has always been driven by the consumer, but now it is being taken to the next level as the people of...
Cementing its position as the world’s largest exporter of thermal coal, Indonesia increased its output of coal in 2011. Even as domestic production and export of minerals has entered a downturn, coal output increased 28.43% over the 2010 mark of 275.16m tonnes to reach 353.38m tonnes, according to data from the Indonesian Ministry of Energy and...
In line with the recent trend toward nationalism and protectionism, the Indonesian government issued new regulations for franchises in 2012. Like other efforts to defend the country’s economic interests, it is fairly balanced and pragmatic. The policy works to encourage more local participation and limit dominance by any single foreign country or...
Strong growth in Indonesia’s new vehicle sales in recent years has generated sustained growth in the motor segment. “Car sales have been increasing and in turn motor vehicle insurance has been growing rapidly,” Christian Wanandi, the president director of Jakarta-based general insurance company Asuransi Wahana Tata, told OBG. Yet motor’s share of...
The economy is surging ahead, and as it expands authorities are seeking to make the transition from low-cost production and supplying raw materials to more advanced nations to a high-value-added manufacturing industry. It will not be easy, for as wages rise and investments are made, some companies, or entire industries, will be left behind. National...
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