Although Indonesia’s export receipts hit a five-year high in 2018, imports surged as the country moved to deliver a massive infrastructure development programme, bringing the trade deficit to an all-time high after three years of surplus. The country remains dependent on raw commodities for much of its export revenues; global commodity price volatility has weighed on the trade balance in...
Asia Economy
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Chapter | Trade & Investment from The Report: Indonesia 2019
Chapter | Country Profile from The Report: Indonesia 2019
While the Republic of Indonesia is just over seven decades old in its current form, the South-east Asian nation of more than 17,000 islands has a much longer history. The name Indonesia was first used in 1850 by British anthropologist James Richardson Logan in reference to the extensive group of islands that was known at the time as the Indian or Malay Archipelago. Archaeological analysis...
The Indonesian economy had a strong year in 2018, with growth of 5.2% marking the fastest pace in half a decade. This came on the back of robust domestic consumption, increased foreign investment and continuing efforts to reform policy and simplify investment procedures, and despite challenges including a falling rupiah, a trade imbalance and global political issues.
Articles & Analysis | Sri Lanka Vision 2025 seeks to attain upper-middle-income status from The Report: Sri Lanka 2019
In September 2017 the Sri Lankan government launched an ambitious development plan, Vision 2025. The eight-year strategy aims to turn the country into an upper-middle-income one “by transforming Sri Lanka into the hub of the Indian Ocean, with a knowledge-based, highly competitive, social market economy”. While the government and the country...
Interviews & Viewpoints | Champika Malalgoda, Director-General, Board of Investments (BOI): Interview from The Report: Sri Lanka 2019
How will volatility in the domestic market impact short-term foreign direct investment (FDI) inflows, and how will the BOI mitigate risk?
Articles & Analysis | Sri Lankan exports take off with reinstated Generalised Scheme of Preferences Plus status from The Report: Sri Lanka 2019
Export industries received a welcome boost in May 2017, when the EU reinstated Sri Lanka’s Generalised Scheme of Preferences Plus (GSP+) status, which had previously been rescinded over human rights concerns in 2010. GSP+ status removes the majority of import duties on Sri Lankan goods entering the European single market, providing access to...