While the ASEAN Economic Community (AEC) was formally established in 2015, financial cooperation across the region remains somewhat fragmented. Goods and services move freely between countries, but banks, stock exchanges and securities companies tend to be limited to their home markets. Since the 1997-98 Asian financial crisis, ASEAN has...
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...
The economy expanded by 5.2% in 2018, according to official figures from Statistics Indonesia, slightly above the previous year’s growth rate of 5.1%. This was driven by gains in major industries: construction grew by 6.3%, vehicle and retail trade by 5.1%, processing by 4.2% and agriculture by 3.9%. Strong performances were also seen in...
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, one of the richest countries in natural resources with extensive oil, gas and solid mineral deposits, is also one of the largest global economies. In 2017 the economy passed the $1trn mark, making it the 16th-largest in the world. Its growing middle class, emphasis on industrialisation and services, and drive to improve...
Foreign direct investment (FDI) inflows into Indonesia reversed a five-year trend in 2018 when they contracted for the first time in five years, with total estimated FDI inflows estimated to be down nearly 9% year-on-year. The country is facing several challenges as it seeks to boost investment – outward investment from China has been slowing...
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