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.
various regional dialects
261.1 million (2016)
1.905 million km²
Indonesian Rupiah (IDR)
"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)
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.
Planning to do business in Indonesia? Here’s our round-up of local government agencies and business chambers that may be useful.
The latest ramp-up in Asean-based project funding came against a backdrop of slowing Chinese investment in other economies.
Maybank Kim Eng lowered its medium-term outlook on the industry from “positive” to “neutral”.
But other value-added factors will also increasingly come into play in regional markers, the report suggested.
The industry still lacks financing mechanisms and legal protection