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...
Which areas present the greatest opportunities for investment in 2016/17?
During the years of former President Suharto’s rule, Indonesia’s political and economic power was concentrated in Jakarta. But with democratisation has come decentralisation, a trend that has gathered momentum since direct local elections were introduced in 2005, in turn creating a new breed of grassroots politician. After all, it was...
How can the UK capitalise on the potential Indonesia holds to create more business opportunities for British companies?
Although Indonesia’s history has been marked by periods of protectionism and closed trade, the administration of President Joko Widodo has made major strides in liberalisation since coming to power in late 2014. This is especially apparent with the recent announcement that the country plans to join the Trans-Pacific Partnership (TPP), which...
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