Indonesia

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Indonesia is the largest economy in Asean and the fourth largest country in the world in terms of population. The country has extensive natural resources - a key contributor to its economy. Comprising more than 17,000 islands, the country has enjoyed steady growth over the past two decades thanks in part to high commodity prices and sound economic policies - resulting in a burgeoning middle-class.

MAIN LANGUAGES

Bahasa Indonesia

various regional dialects

POPULATION

261.1 million (2016)

LAND AREA

1.905 million km²

CAPITAL

Jakarta

CURRENCY

Indonesian Rupiah (IDR)

TIME ZONE

"Western Zone: GMT +7
Central Zone: GMT +8
Eastern Zone: GMT +9"

EASE OF DOING BUSINESS

Ranked 72 out of 190 economies (World Bank Doing Business, 2018)

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Indonesia Investment Coordinating Board (BKPM) is mandated to boost domestic and foreign direct investment by creating a conducive investment climate. The investment promotion agency is Indonesia's primary interface between business and government, and serves also as a matchmaker for investors.

www.bkpm.go.id | Investor Relations Unit: (62-21) 5292 1329 /30 | info@bkpm.go.id

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LATEST UPDATES

Chinese money grows again in Asean as supply chains move

The latest ramp-up in Asean-based project funding came against a backdrop of slowing Chinese investment in other economies.

E-cigs threaten up to 5% of Indonesian market for smokes: Report

Maybank Kim Eng lowered its medium-term outlook on the industry from “positive” to “neutral”.

Vietnam factories buoyed by diversion from China: Report

But other value-added factors will also increasingly come into play in regional markers, the report suggested.

Support needed for Indonesia's fast-growing creative sector: economist

The industry still lacks financing mechanisms and legal protection

Indonesian companies tap P2P funds in fintech boom

Peer-to-peer lending (P2P) platforms in Indonesia reportedly transacted some US$1.4 billion in 2018, up from US$20 million in 2016.