Below is a list with tagged columns and company profiles.
Today's Headlines Investment
Bali, the most popular tourist destination in Indonesia (and therefore an important destination for foreign direct investment, or FDI), is optimistic that it will achieve its full-year 2017 investment target. Ida Bagus Made Parwata, Head of Bali's Investment Board (BPMP), said the island targets to see IDR 12.4 trillion (approx. USD $918 million) worth of investment in 2017.
Indonesia's Investment Coordinating Board (BKPM) and Tourism Ministry invite private investors to invest in three priority destinations in the country's tourism sector. In total the projects that are on offer require about USD $2.9 billion worth of investment. The projects were offered at the Regional Investment Forum (RIF) in Padang (West Sumatra) that was held between 15-17 October 2017.
Three cooperation agreements were signed between Indonesian and European companies at the Indonesia-Belgium High Level Roundtable Discussion held at the Federation of Enterprises in Belgium (FEB). Meanwhile, at the occasion there are also talks being held about (free) trade agreements with the aim to improve bilateral relations between Indonesia and the European Union (EU).
The Transportation Ministry of Indonesia hopes to attract up to IDR 40 trillion (approx. USD $3 billion) in investment commitments from (foreign) investors during the fourth Asia-Europe Transport Ministers Meeting, held on Bali between 26-28 September 2017. These investments are needed to finance 12 infrastructure projects in Indonesia that are on offer.
Foreign direct investment (FDI) in the healthcare industry of Indonesia rose steeply in the first half of 2017 after the government opened up the general hospital sector to foreign investment by revising the Negative Investment List (in Indonesian: Daftar Negatif Investasi) in 2016.
After macroeconomic growth was rather disappointing at 5.01 percent year-on-year (y/y) in the second quarter of 2017, the Indonesian government will soon release a new economic policy package, specifically aimed at boosting investment in Indonesia. However, Indonesia's business world urge the government to first evaluate the effectiveness of preceding policy packages before implementing a new deregulation package. Moreover, some say it would be better to focus on improving confidence among consumers.
Giant venture capital firm Wavemaker Partners is setting up a new fund with Indonesia being a key market. The new USD $50 million fund will focus on 80 early-stage technology startups in Southeast Asia (particularly business-to-business ventures). Wavemaker Partners is part of the Draper Venture Network, a leading global venture capital collective with ten funds spread across four continents.
Thomas Lembong, Head of the Indonesia Investment Coordinating Board (BKPM), said he wants Indonesia to tap the momentum of the recent "One Belt, One Road" summit in Beijing (China), organized earlier this month, by promoting three Indonesian provinces to foreign investors as a great investment destination. These three provinces are North Sumatra, North Kalimantan, and North Sulawesi.
After Standard & Poor's (S&P) assigned investment grade status to Indonesia's sovereign rating, hence boosting positive perceptions about the Indonesian economy, the government should use this momentum to encourage public and private investment to push macroeconomic growth to the targeted range of 5.4 - 6.1 percent year-on-year (y/y) in 2018.
Investment in Indonesia's oil and gas sector remained bleak in the first quarter of 2017. The key reason why oil and gas companies are still reluctant to invest in any exploration and expansion projects is the low crude oil price that remains below the USD $50 per barrel level. In Q1-2017 investment in Indonesia's oil and gas sector fell 4.1 percent year-on-year (y/y) to USD $2.57 billion. Indonesia's upstream oil and gas regulator SKK Migas targets to attract a total of USD $12.87 billion worth of investment in the oil and gas sector in 2017.
Latest Columns Investment
On 5 May 2023, Indonesia’s Statistical Agency (Badan Pusat Statistik, BPS) released the latest official Gross Domestic Product (GDP) data of Indonesia. BPS announced that the Indonesian economy expanded by 5.03 percent year-on-year (y/y) in Q1-2023, a good result that is in line with our expectations.
On 06 February 2023, Indonesia’s Statistical Agency (Badan Pusat Statistik, or BPS) released the latest official gross domestic product (GDP) data of Indonesia. The data were in line with expectations.
On 7 February 2022, Indonesia’s Statistical Agency (Badan Pusat Statistik, or BPS) announced the latest gross domestic product (GDP) data of Indonesia, covering the final quarter of 2021.
The economic rebound in the second quarter of 2021 – with a +7.07 percent year-on-year (y/y) growth pace – was great for Indonesia, albeit it is obviously related to the ‘low base effect’ (as Indonesia had hit its rock bottom in the same quarter one year earlier). But what about the future, or more precisely: Q3-2021?
On 9 August 2021, Indonesian President Joko Widodo witnessed the launch of the new Online Single Submission (OSS) system at the Investment Ministry (also known as the Investment Coordinating Board, abbreviated as BKPM).
Subscribers to our reports may remember that we put some question marks behind recent data released by the Investment Coordinating Board (in Indonesian: Badan Koordinasi Penanaman Modal, or BKPM) related to direct investment realization in Indonesia.
After news spread late last year, it is official now! Indonesia has its own sovereign wealth fund, called the Indonesia Investment Authority (abbreviated as INA). On 16 February 2021, Indonesian President Joko Widodo announced the list of people that will this investment management institution. For starters, Widodo selected Ridha DM Wirakusumah - previously President Director of Bank Permata - as the CEO of INA.
It came as a big surprise to us to learn that direct investment realization in Indonesia expanded in the third quarter of 2020, both compared to the same quarter one year earlier (Q3-2019) and compared to the preceding quarter (Q2-2020).
The COVID-19 outbreak has continued to impact digital media consumption worldwide. Internet platforms, such as e-commerce, now play a pivotal role in our daily lives. On the bright side of current situations, e-commerce is growing all over the world, including in Indonesia. This is because behavioral shifts amongst Indonesians to choose online platforms as their safest place to conduct their daily activities, such as shopping, working or just meeting with some friends.
On 5 May 2020 Statistics Indonesia (Badan Pusat Statistik, BPS), a non-departmental government agency, released the first quarter gross domestic product (GDP) data of Indonesia for the year 2020. These data were highly anticipated as policymakers, analysts, and stakeholders are particularly interested in finding out to what extent damage has been done to the Indonesian economy by the self-imposed restrictions.
