Economy

Indonesia’s government is pursuing a raft of trade deals to complement the successful ratification of the Indonesia-Australia Comprehensive Economic Partnership Agreement, which took place in February 2020. The bilateral agreement is viewed as a win for Australia’s grain exporters, who will enjoy an initial 500,000-tonne quota for feed grain,...

The Indonesia Investment Coordinating Board (BKPM) is targeting $64.7bn worth of foreign and domestic investment in 2020, which would mark an increase of 9.4% from 2019. Around 55% of the value is earmarked to come from foreign companies. However, this target is likely to be reassessed in light of the $50bn of investments that have been...

Recent years have seen the issue of climate change and its potential ecological and economic effects move more clearly into the spotlight. It is now widely accepted that the planet cannot sustain current high-carbon industrial and consumer behaviours. With scientific knowledge on the subject now better informed and more reliable, economic...

The dream of our government and of all Indonesians, our true ambition, is that by 2045, after one century of Indonesian independence, Indonesia will have escaped the middle-income trap. We have a clear goal of becoming an advanced country. We believe that if the current momentum persists and our economy continues to grow at today’s rates, we...

While the Republic of Indonesia is just over seven decades old in its current form, the South-east Asian nation of more than 17,000 islands has a history that dates back much longer. The name Indonesia was first used in 1850 by the British anthropologist James Richardson Logan in reference to the extensive group of islands that was known at...