A city of more than 3m people that serves as a gateway between oceans, continents and cultures, Surabaya is not only Indonesia’s second-largest conurbation, but also increasingly popular among investors. Home to the port of Tanjung Perak and a thriving commercial, industrial and business centre for eastern Indonesia, the city has seen a wave...
In an effort to push Indonesia’s annual GDP growth to a targeted 7%, President Joko Widodo has announced plans to improve the country’s position in the “Doing Business” report published by the World Bank, with the goal of reaching 40th position globally. Following a bold reform programme aimed at liberalising the economy and reducing...
Consistent, robust economic growth, a 260m-strong population and a favourable position as South-east Asia’s largest economy have driven Indonesia to become an increasingly important actor in global trade. The country’s trade with the US and China has recorded double-digit growth in recent years, and it stands as the largest destination for...
Macroeconomic growth gained momentum in 2017 on the back of improved global commodities prices, increased foreign direct investment (FDI) and robust domestic consumption. Although the country has not yet returned to the near-6% average annual GDP growth recorded in the five years leading up to 2012, its macroeconomic fundamentals remain robust...
Indonesia is cementing strong and growing trade ties with the Philippines, following the opening of a new roll-on/roll-off (ro-ro) route, a flagship trade link aiming to boost regional connectivity, reduce travel times and costs, and support ASEAN Economic Community (AEC) integration. The new route offers significant benefits to both countries...
Although Indonesia had announced plans to join the Trans-Pacific Partnership (TPP), a free trade agreement (FTA) encompassing 12 Pacific Rim economies, US withdrawal from the trade pact in late 2016 has pushed the country to refocus its FTA priorities.
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