During the years of former President Suharto’s rule, Indonesia’s political and economic power was concentrated in Jakarta. But with democratisation has come decentralisation, a trend that has gathered momentum since direct local elections were introduced in 2005, in turn creating a new breed of grassroots politician. After all, it was President Joko Widodo’s success as a mayor, first in Solo and then in Jakarta, that set him on the path towards the presidency. In Indonesia today, local politicians are seen as emblematic of a more localised politics, implementing changes based on the needs of the cities they represent. This chapter contains a dialogue with Ridwan Kamil, Mayor of Bandung, and Tri Rismaharini, Mayor of Surabaya.
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Chapter | Emerging Cities from The Report: Indonesia 2017
Chapter | Trade & Investment from The Report: Indonesia 2017
As South-east Asia’s largest economy and the world’s fourth-most-populated country, Indonesia is an important trade partner within ASEAN, as well as for Japan, China and the US. The country has averaged more than 5% annual GDP growth over the past decade through sound macroeconomic policies, rising domestic demand driven by a burgeoning middle class and high commodity prices. However, a gradual slowdown brought on by a collapse in commodity prices in 2011 and 2012 has weighed on the economy, highlighting the country’s commodity export dependency and pushing trade and investment to the top of the growth agenda. This chapter contains interviews with Thomas Lembong, Chairman, Indonesia Investment Coordinating Board; Lim Hng Kiang, Singapore Minister of Industry and Trade; and Hugo Swire, UK Member of Parliament.
Report | The Report: Indonesia 2017
The Indonesian government is in the midst of pursuing an ambitious new growth strategy, emphasizing investment over domestic consumption as a primary growth driver in the wake of depressed commodity prices, lagging household consumption and lower-than-anticipated government revenues.
Report | The Report: Papua New Guinea 2016
A country of extraordinary diversity, spread across some of the world’s most spectacular, and often inhospitable, terrain, Papua New Guinea today is a country once again at a crossroads. A major economic boom driven by a massive liquefied natural gas project has been swiftly followed by a sharp slowdown as global oil prices fell, and as a result the government has come under some pressure.
Chapter | Legal Framework from The Report: Papua New Guinea 2016
This chapter examines Papua New Guinea’s legal framework, focusing on regulations affecting foreign investors, restrictions and laws for companies, taxation and Customs duties, and other important areas.
It also contains a legal viewpoint from John Leahy, Partner, Leahy Lewin Lowing Sullivan, on proposed reforms to PNG’s land use regulations.
Chapter | Tax from The Report: Papua New Guinea 2016
This chapter explores Papua New Guinea’s tax regime, focusing on issues slated for Treasury consideration, current corporate taxation guidelines, withholding rates and other key areas for investors.
It also contains an interview with Jonathan Seeto, Territory Partner, PwC.