The country’s infrastructure deficit has been identified as an opportunity to further economic growth. To this end, there are 223 separate infrastructure projects in the pipeline expected to cost $307bn, including new roads, ports, airports, power plants and health care facilities. To date, state-owned enterprises (SOEs), such as local...
As the most populous Muslim country in the word, Indonesia is developing itself as a centre for sharia-compliant banking, seeking to turn this speciality from a niche activity to a major sector growth driver. The authorities have applied new laws and regulations for Islamic finance they hope will boost the penetration rate beyond the current...
Indonesia’s insurance sector is crowded, reflective of the country’s sizeable population – the world’s fourth largest, at around 265m – as well as its potential. Some 152 companies vied for premium in 2017, operating in an environment that, although it presents significant opportunity, also comes with a measure of insurable risks, in particular from extreme weather and natural disasters. In...
Indonesia’s capital markets have been on a steady growth path in recent years, with market capitalisation and trading activity showing strong expansion since 2012. Meanwhile, the number of initial public offerings (IPOs) on the Indonesia Stock Exchange (IDX) reached a 26-year high in 2018. Debt markets have been resilient despite widespread global volatility, which prompted significant...
An increasingly prominent and disruptive force in the financial services sector, financial technology (fintech) comprises any innovative or technology-based financial service offered to consumers or businesses. Often viewed as a competitor to traditional financial service providers, fintech fills gaps left by the formal sector, offering an important avenue to boost financial inclusion in a...
Twenty years on from a severe financial crisis the effects of which still define the industry, the banking sector in Indonesia is crowded but rich in opportunity. A diverse array of banks and non-bank financial institutions vie for existing customers and work to attract new ones, in what remains a lightly penetrated market. With the world’s fourth-largest population, Indonesia is seen as...
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