Indonesia is cementing strong and growing trade ties with the Philippines, following the opening of a new roll-on/roll-off (ro-ro) route, a flagship trade link aiming to boost regional connectivity, reduce travel times and costs, and support ASEAN Economic Community (AEC) integration. The new route offers significant benefits to both countries...
Macroeconomic growth gained momentum in 2017 on the back of improved global commodities prices, increased foreign direct investment (FDI) and robust domestic consumption. Although the country has not yet returned to the near-6% average annual GDP growth recorded in the five years leading up to 2012, its macroeconomic fundamentals remain robust...
Although Indonesia had announced plans to join the Trans-Pacific Partnership (TPP), a free trade agreement (FTA) encompassing 12 Pacific Rim economies, US withdrawal from the trade pact in late 2016 has pushed the country to refocus its FTA priorities.
A melting pot of ancient culture and high-tech start-ups against a backdrop of spectacular coastlines and towering volcanoes, the province of Yogyakarta is where Indonesia’s historical traditions and future prospects meet. With a young, dynamic population and a local government determined to attract global investment, the city and province are...
The government is increasingly tapping international bond markets as it advances a substantial infrastructure agenda. The country issued Asia’s largest sovereign bond in 2016, pushing total annual bond issuance above the $10bn threshold, while state-owned enterprises (SOEs) have increasingly sought bond financing for major infrastructure...
Sovereign bond issuance is set to accelerate in Indonesia, after global ratings agency Standard & Poor’s (S&P) became the last of the big three international ratings agencies to upgrade its sovereign credit rating to investment grade. The country has made notable progress in improved budgeting practices, cutting spending and launching...
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