The report also discusses the merging of three state-controlled Islamic banks into one big Sharia lender (which we think can be the start of a bright future for Islamic finance in Indonesia), and the issue of Indonesia's minimum wages in 2021 (despite the central government's request, some provinces will raise the provincial minimum wage for 2021).

While the world is eagerly awaiting official results of the incredibly tight 2020 US election, and the COVID-19 crisis remains putting the brakes on economies around the globe, there are several interesting stories happening in Indonesia. For example, direct investment was remarkably strong in Q3-2020 and Indonesian exports are back at pre-COVID-19 crisis levels.

The full October 2020 (2nd half) report can be ordered by sending an email to or a message to +62.8788.410.6944 (including WhatsApp).

Price of the (electronic) report:

Rp 75,000
USD $5,-
EUR €5,-

Take a glance inside the report here!