Bounded by Russia to the north and China to the south, Mongolia is a vast country and sparsely populated – larger than Western Europe, but with a population of barely 3m people. The country of wind-swept steppes, plains and deserts is famous for its nomadic tradition, still influential despite rapid development. However, stable and...
Operators of the Oyu Tolgoi copper and gold mine forecast that its copper production alone could account for a third of Mongolia’s GDP by 2020. This highlights mining’s importance to the economy, as well as the need for greater diversification. The global economic crisis of 2008-09 amply demonstrated the imperative of spreading out, as Mongolia was...
Since 1999 and the beginnings of the current democratic era in Indonesia, the country’s regions have had a much greater say in their own governance and economic development. A process of decentralisation begun in 1999 has continued to impact business and investment until today, with the results often controversial. At the same time, certain...
The year 2011 could turn out highly important for the Indonesian province of South Sumatra, as it prepares to host the South East Asian (SEA) Games, an event that will focus regional attention on an up-and-coming investment destination. Indeed, the province also hopes to benefit widely from the attention it has received as one of the country’s...
Early October 2011 saw the Indonesian government announce the winners of its second round of “Regional Champion” contests, with seven new provinces gaining the coveted title. The Regional Champions are provinces selected by the Indonesia Investment Coordinating Board (BKPM) for their success in promoting investment, business and economic growth...
Sources of long-term capital, particularly needed for large-scale projects in infrastructure, remain more elusive in Indonesia than in neighbouring economies. The contribution of pension funds and insurance companies has remained limited, yet the size of the mutual fund industry has grown significantly. Interest will likely grow further when...
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