As the largest economy and home to the largest population among the 10 ASEAN member states, Indonesia is considered to be a driving force behind the establishment of the ASEAN Economic Community (AEC), which formally launched in 2015. The AEC project, which has been under way since the mid-2000s, aims to integrate the region into a single...
Home to around Rp617trn ($45bn) in Islamic financial assets as of the end of 2015, according to data from the Financial Services Authority (OJK), Indonesia’s sharia-compliant financial services segment is widely considered to be on a growth path. Indeed, in terms of total assets, the Islamic segment posted a compound annual growth rate of 24%...
With rising levels of public participation, a robust regulatory framework in place and high profitability at most institutions, in 2015-16 Indonesia’s banking sector performed strongly, building on nearly a decade of expansion and rapidly increasing returns. Home to 118 commercial banks and more than 1600 rural regional banks – the latter of...
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