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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Venturing into Indonesia: Useful business contacts
Planning to do business in Indonesia? Here’s our round-up of local government agencies and business chambers that may be useful.
LATEST UPDATES
Can foreign investment in Indonesia's upstream oil and gas sector live up to expectations?
Indonesia, with its abundance of natural resources, has long attracted the interest of foreign investors. However, despite the scale of its...
Economists lower growth forecasts despite Jakarta reopening
Economists expect fiscal policy to play a larger role in the last quarter
Indonesia likely to tap private sector in Covid-19 vaccine rollout: Report
Analysts billed vaccine plans as good news for the country’s pharmaceutical sector.
Corporate Indonesia headed for dark 12 months as demand dries up
WITH the Covid-19 pandemic showing no signs of abating, Corporate Indonesia is facing a bleak 12 months as consumer spending slows significantly...