Despite a persisting deficit in the country’s trade balance, the government is still upbeat it will record a sizeable surplus from non-oil and gas commerce. The balance may post an annual surplus exceeding US$10 billion at the end of this … Continue reading →
Australia and New Zeland Banking Group (ANZ) President Director Joseph Abraham forecasted that Indonesian consumption will increase in 2014 as the consumer confidence index has been rising. “It is reflected by the emergence of middle-class people in Indonesia,” he said … Continue reading →
The government’s plan to open up more industries to foreign investments may push up total realized investments further to an impressive Rp 500 trillion (US$43.5 billion) in 2014, says the Investment Coordinating Board (BKPM). After years of maintaining growth at … Continue reading →
Indonesia’s growing middle class, strong domestic demand, stable political situation, and sound macroeconomic policy paired with gross domestic product (GDP) growth of 6.5% in 2010 make Indonesia an attractive destination for Foreign Direct Investment (FDI). In 2011, Indonesian government officials … Continue reading →