The Indonesian government plans to roll out the red carpet for investors in another attempt to attract direct investment, hence boost the macroeconomy, increase employment opportunities and combat poverty. In the 16th economic policy package, which was announced on Friday 16 November 2018 - but is yet to be signed by Indonesian President Joko Widodo - three programs are included that should improve the nation’s investment climate, thus strengthen the economy.
The Business Columns section of Indonesia Investments provides in-depth columns that exhibit an analysis regarding subjects that are both important for understanding the Indonesian business climate and have high news value in the current state of Indonesia's economy. As a whole these columns should provide the reader a thorough and detailed picture of multiple Indonesian business sectors and be a source of ideas or inspiration to invest - or not to invest - in specific sectors of the Indonesian economy.
Indonesia's air transport industry is about to see a big change as the nation's national flag carrier Garuda Indonesia said it will take over operational control of the rival Sriwijaya Group. This move seriously boosts the Garuda Group's share of the fast-growing domestic aviation market.
Based on the latest data from IHS Markit, the headline seasonally adjusted Nikkei Indonesia Manufacturing Purchasing Managers’ Index (PMI) fell modestly to a reading of 50.5 in October 2018 (from 50.7 in the preceding month). The reading represents a marginal improvement in the health of Indonesia’s manufacturing sector.
After having successfully hosted the 2018 Asian Games last September, Indonesia hosted the 2018 Annual Meetings of the International Monetary Fund (IMF) and World Bank Group on Bali on 8-14 October. Every year, the IMF and World Bank organize these meetings to discuss the latest financial and economic developments that occurred across the globe, while also poverty eradication and other key global issues – such as protectionism and climate change - are placed high on the agenda. The main themes of this year’s meetings include digital development and investing in human capital, which resulted in the “Bali Fintech Agenda” as well as the launch of “Human Capital Index”.
The views expressed in these business columns are the views of the authors or the interviewed persons only and therefore do not necessarily reflect the views of Indonesia Investments. The authors are free to ventilate their opinions about the Indonesian business climate. Facts presented in these columns are the result of the author's own research or indicated sources, read disclaimer.