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
Mitsui considers stake sale in Indonesia’s Paiton Energy
[TOKYO] Japanese trading house Mitsui & Co is considering a sale of its majority stake in PT Paiton Energy, one of Indonesia's biggest...
Firms in Indonesia opting for debt over equity fundraising
THE true action in Indonesia still lies in the debt capital markets, as a double-digit number of public listings in the first four months of 2020...
Asia's oncoming labour pangs to be "unprecedented"
THE oncoming rise in unemployment will dwarf that during the global financial crisis (GFC) said ANZ Research in a report on Friday, adding that it...
Bank property sales, new retail complexes among Indonesia real estate market opportunities
INDONESIAN banks could start selling off real estate from May onwards, as distress starts to set into the pandemic-hit market, a property market...
Reform needed to improve progress on regional infrastructure growth: Report
INFRASTRUCTURE plans in Indonesia and the Philippines need a major overhaul to achieve their ambitious growth goals, according to research from...
Indonesia's virus support may not be enough for growth: Nomura report
The analysts wrote that “the package does not represent new spending but only reallocations from other items already in the Budget”.