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Indonesia

WHAT'S NEXT?: Indonesia's GDP is forecast to grow at 5% a year over 2016-2020, supported by strong growth in consumer demand and infrastructure investment. She is likely to be among the star economic performers for at least the next decade but at the same time faces great challenges to overcome past political and social issues.

[New] Employer-sponsored healthcare benefit costs are expected to go up in excess of 8% in 2021 - China, India, Indonesia, Malaysia (12.5%), New Zealand, Philippines, Singapore, Thailand and Vietnam (10.2%).
[New] Malaysia, Indonesia and the Philippines are among the most at risk of the heat-related loss of labour capacity.
[New] The country with the largest STAR score is Indonesia, where eliminating threats from farmland habitat loss, logging and hunting could reduce global species extinction risk by 7%.
[New] Last year, a projection from Blomberg Economics saw Indonesia overtaking Germany as the fifth largest economy in 2045, just below China, the United States, and India.
[New] The defense spending of Indonesia is expected to rise nearly 20% in 2020 from the previous year according to a plan for the modernization of its armed forces.
[New] MFF Indonesia will focus on district / local level management of coastal ecosystems, especially to improve awareness regarding the ability of coastal ecosystems to cope with climate change impacts.
[New] Indonesia has an ambitious plan to reduce marine plastic leakage by 70% by 2025, as well as achieve near-zero plastic pollution by 2040 through transitioning to a circular economy for plastics.
[New] African swine fever is seeing a resurgence in Indonesia's southern East Nusa Tenggara province, government officials say, undermining food security and fueling fears that the viral disease could jump to other species.
In Indonesia, a surge in new daily COVID-19 cases will result in a weak first quarter, indicating weak consumer confidence and retail sales, which is likely to push back recovery by about three months.
Facebook and Google have plans to build two new undersea cables that will connect Singapore and Indonesia with North America, bringing faster internet connection to Southeast Asia.
In Indonesia, the world's most populous Muslim-majority nation, pro-IS groups remain a threat two years after the ultra radicals were defeated in Syria and Iraq.
The Responsive COVID-19 Vaccines for Recovery (RECOVER) project will fund the purchase of at least 65 million doses of COVID-19 vaccine for priority groups determined by the Indonesian government.
Chinese tourists with UnionPay cards travelling to Southeast Asia will find it easier to shop at FJB stores in Singapore, Malaysia, and Indonesia.
China, Japan, Indonesia, and Australia are among the prominent countries where construction market is expected to witness prominent growth over the forecast period.
Investments will focus on strategic sectors in Indonesia, including infrastructure, roads, ports, tourism, agriculture, and other promising sectors that have potential for growth and can contribute to growth as well as economic and social progress.
Indonesia is looking to implement a zero placement fee policy which will mean a debt-free start for domestic workers coming to work in Singapore, possibly at the expense of employers paying more.
Indonesia: Bank Indonesia holds a policy meeting later today with the central bank widely expected to keep the policy rate unchanged at 3.5%.
The UAE's investment will focus on strategic sectors in Indonesia, including infrastructure, roads, ports, tourism, agriculture and other promising sectors that have potential for growth.
Earlier this month, countries ranging from France to Venezuela to Indonesia temporarily suspended the use of AstraZeneca's vaccine over fears it may cause blood clots and brain hemorrhages.
The World Bank has forecasted a between -1.6 and -2% in economic growth for Indonesia, down from its previous forecast of 0% in July.
For the South-east Asia market - including Indonesia, Malaysia and Philippines - Singapore is seen as neutral ground that could be viewed more favourably by regulators.
An economic growth of 5% in the wake of the COVID-19 pandemic will not be enough for Indonesia to escape the middle-income trap before 2045.
Decarbonisation and reducing emissions in rapidly growing nations such as Indonesia will require not just investment into low or no emission projects, but also investment into energy efficiency, particularly using technological solutions.

Last updated: 12 April 2021

Indonesia

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