The twenty-first APEC Economic Leaders Meeting, chaired by Indonesia's president Bambang Susilo Yudhoyono, has been concluded and in the words of the president the Summit "went on successfully and was indeed very productive." During the two-day Summit the central theme of APEC 2013: “Resilient Asia-Pacific, Engine of Global Growth” was discussed thoroughly and a number of strategic points were agreed upon. Seven of these points are highlighted in the APEC joint statement‏, delivered by Yudhoyono on Tuesday (08/10).

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The APEC Business Advisory Council (ABAC), a permanent high-level business advisory group that is created by the Asia Pacific Economic Cooperation (APEC), has given five recommendations to the 21 member countries of the APEC. These recommendations involve regional economic integration, sustainable development, entrepreneurship as well as small and medium enterprises (SMEs), an economic and banking forum, and lastly, a dialogue in the industry sector concerning scientific innovation.

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Kawasan Industri Jababeka is an Indonesian industrial estate developer that also has stakes in the country's power generation and infrastructure sectors. Between 70 and 80 percent of the company's total sales are derived from its real estate sales. Currently, the company owns strategic land banks on three locations in Indonesia (all on the island of Java): Kota Jababeka, Cilegon Industrial Park, and Tanjung Lesung. Kawasan Industri Jababeka was the first publicly listed industrial estate developer in Indonesia.

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The realization of infrastructure projects through the Indonesian government's public-private partnership (PPP) scheme is yet to bear fruit. Up to this day, PPP infrastructure projects in Indonesia are still constrained by the difficulty of land acquisition, regulatory uncertainties and lack of funding. These investments projects are not among the most popular investment projects of private investors because they usually involve expensive (and risky) investments as well as patience while waiting for return of investment.

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About one week ahead of the APEC Economic Leaders' Week in Bali, Indonesia's President Susilo Bambang Yudhoyono inaugurated the 12.7-kilometer long toll road in Bali on Monday (23/09). The toll road, which runs almost entirely on viaducts above the sea, consists of a north-south route from the city of Denpasar to Nusa Dua, as well as a branch to the Denpasar airport (Ngurah Rai International Airport) and a connection to the port of Benoa. Operator of the Bali toll road is Jasamarga Bali Toll, a consortium of state-controlled companies.

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With the development of a production hub for low cost green cars (LCGCs), Indonesia hopes to become the leading car producer within the group of ASEAN nations. Total car sales in ASEAN in 2012 surpassed the three million cars mark. The two largest contributors to these sales were Thailand (1.3 million sold cars) and Indonesia (1.1 million). Currently, Thailand is still the largest car production hub in the ASEAN region, both in terms of production rate and domestic sales (despite having only 60 million citizens to Indonesia's 240 million).

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Indonesia's Ministry of Transportation has issued a temporary moratorium on the issuance of permits for the establishment of new airlines in Indonesia. A spokesman of the Ministry said that airports will become too crowded if more applications are approved. Overcrowded airports will result in more flight delays and entails risks for safety. An increase in flight frequency of already established airlines is still permitted. The Ministry is also concerned that if more permits are issued, current rife competition between airlines will intensify.

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Indonesia's Ngurah Rai Airport on the idyllic island of Bali is now the country's largest airport in terms of passenger capacity. Being newly renovated, it can handle 25 million passengers per year. As such, it has surpassed Soekarno-Hatta International Airport, located just outside Jakarta (Java), and the new Kuala Namu airport in Medan (Sumatra), which have passenger capacities of 22 million and 8.1 million respectively. However, after renovation of terminal three at Soekarno-Hatta will be finished, Ngurah Rai is to lose its top spot again.

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Jasa Marga is a state-controlled toll road operator that constructs and provides toll road services in Indonesia. Approximately 73 percent of total toll roads in Indonesia are operated by Jasa Marga, which makes this company the dominant player in Indonesia's toll road sector. Up to the end of 2012, the company has 22 toll road concessions - with a total length of 545 kilometer - in operation and 193 kilometer of toll road that is expected to become operational between 2013 and 2016.

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The total value of investments in the Masterplan for Acceleration and Expansion of Indonesia's Economic Development (MP3EI) between 2011 - when the Masterplan was first introduced - and July 2013 amounted to IDR 647.46 trillion (USD $58.86 billion). Coordinating Economic Minister Hatta Rajasa said this to state-owned news agency Antara. State-owned enterprises invested a total of IDR 173.63 trillion, followed by the private sector with IDR 231.88 trillion, the government with IDR 99 trillion and public-private partnerships with IDR 143.12 trillion.

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One of the conclusions of the G20 Finance Ministers and Central Bank Governors meeting (MGM) that was conducted on 22 and 23 February 2014 in Sydney, Australia, was the group's shared view that the global economy is displaying signs of improvement. Indications of global economic improvement are reflected by strengthening growth in the USA, United Kingdom and Japan. In the meeting Indonesia was represented by Finance Minister Chatib Basri and Bank Indonesia Governor Agus Martowardojo.

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Total realized investments in the context of the government's Masterplan for Acceleration and Expansion of Indonesia's Economic Development (MP3EI) will reach IDR 628.9 trillion (USD $51.6 billion) in 2014. The MP3EI was unveiled by the Indonesian government in May 2011 to accelerate its ambitious goal of becoming one of the world's largest economies by 2025. This masterplan particularly focuses on (much-needed) infrastructure development by cooperating with the private sector (for example through public-private partnerships).

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Indonesia's cement sales in January 2014 declined 1 percent to 4.65 million metric tons from the same month in 2013 (4.68 million metric tons). The decline was caused by severe floods brought about by high rainfall amid a peak in Indonesia's rainy season. The floods resulted in disrupted distribution networks, therefore blocking cement shipments to retailers. Moreover, these weather conditions caused the postponement of several construction activities, thus reducing demand for cement.

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The government of Indonesia - through its Ministry of National Development Planning (known as Bappenas) - designed three funding scenarios for Indonesia's infrastructure development in the National Medium-Term Development Plan (RPJMN 2015-2019). The lack of appropriate infrastructure is one of the bottlenecks to Indonesia's development. The scenarios involve the amount of funds and other requirements for infrastructure investment. The three scenarios are divided into a 'full scenario', a 'partial scenario' and a 'baseline scenario'.

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Mitsui & Co, one of the largest trading companies in Japan, believes that Indonesia is one of the most prospective investment destinations for the middle and longer term. After Brasil and Chile, Indonesia is currently the third-largest investment market for Mitsui & Co, which is part of the Mitsui Group. The latter has stakes in various sectors including energy, food, logistics and finance. The CEO of Mitsui & Co, Masami Iijima, stated that Indonesia is lucrative due to its large and young population as well as its rapidly expanding middle class.

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On Tuesday (21/01), the Indonesia Investment Coordinating Board (BKPM) announced that investments in Indonesia grew 27 percent to IDR 398.6 trillion (USD $33 billion) in 2013, thus exceeding the target that was set at the start of the year (IDR 390 trillion). This result, which is a new record high for Southeast Asia's largest economy, was supported by a 39 percent increase in domestic direct investment (IDR 128.2 trillion) and a 22 percent increase in foreign direct investment (IDR 272.6 trillion).

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On Friday 10 January 2014, the government of Indonesia opened Halim Airport for scheduled commercial flights. Previously, the only airport that served these types of flights around Indonesia's capital city of Jakarta and surrounding towns was the Soekarno-Hatta International Airport (Soetta), located in Cengkareng (Banten). However, the amount of daily passengers at Soetta has exceeded its capacity. Based on data from Airports Council International, released in 2013, Soetta is the world's tenth busiest airport.

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Indonesian retail sales surged 14 percent in November 2013 from one year earlier (the highest growth rate since July 2013). On a month-to-month basis, Indonesia's retail sales increased 1.5 percent from October 2013. These findings were the result of a survey conducted by the central bank of Indonesia (Bank Indonesia), which surveyed 650 retailers in 10 Indonesian cities. The bank's survey also indicated that Indonesian retailers may increase prices of their products in 2014 in order to compensate for the depreciating rupiah exchange rate.

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The regional government of Surabaya, Indonesia's second-largest city after the capital city of Jakarta, is planning to tender two separate infrastructure projects - open to both foreign and domestic investors - at the start of December 2013. The two projects involve the construction of the city's monorail, valued at IDR 6.42 trillion (USD $558.3 million), and the construction of a tramline, valued at IDR 2.41 trillion (USD $209.6 million). When finished, the two projects are expected to reduce traffic congestion in Surabaya, East Java's economic center.

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One of the major problems which is blocking Indonesia's economic growth is the country's infrastructure. The lack of quality and quantity of Indonesia's infrastructure causes logistics costs to rise steeply and thus makes investors (particularly the foreign ones) hesitant to invest as high logistics costs imply a weakening of the country's competitiveness. The problem of Indonesia's infrastructure is both 'hard' infrastructure (roads, airports and electricity supply) and 'soft' infrastructure (social welfare and health care).

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