Below is a list with tagged columns and company profiles.
Latest Reports GDP
After a whopping 16 straight months of contraction (on an annual basis), the latest retail sales data (released by Bank Indonesia) showed that retail sales in Indonesia jumped 15.6 percent year-on-year (y/y) in April 2021. That is a strong rebound!
On 07 June 2021 Indonesia Investments released its new report, titled Road to Net Zero Emissions. In this report we discuss a selection of relevant topics (related to politics, the economy, and social matters) with a special emphasis on how political, ideological, and socio-economic developments in the West impact on Indonesia. One might wonder to what extent does Western imperialism in Asia continue up to the present day?
On 5 May 2021, Indonesia’s Statistical Agency (Badan Pusat Statistik, BPS), released the latest gross domestic product (GDP) data of Indonesia, covering the first quarter of 2021. As expected, the economic recession persisted into Q1-2021 for Southeast Asia’s largest economy.
On Wednesday (5.05.2021) Indonesia Investments released the April 2021 edition of its monthly report. In the report we track important developments - from the perspective of politics, the economy and social matters - that were influential (and impacted on the Indonesian economy) last month.
It was already known that –just like in 2020– the Indonesian government would ban the traditional mudik this year (mudik, which is a distinctive feature of Indonesian culture, refers to the exodus of millions of city-dwellers toward their places of origin where they spend a few days to celebrate the end of the Ramadan month).
On Tuesday (6.04.21) Indonesia Investments released the March 2021 edition of its monthly report. In the report we track important developments - from the perspective of politics, the economy and social matters - that were influential last month.
On 5 March 2021 Indonesia Investments released its latest monthly report in which key developments are discussed that impact on the country's business and investment environments, most notably the 'positive investment list' (a derivative regulation of the Omnibus Law on Job Creation) and the establishment of Indonesia's sovereign wealth fund (which will focus on infrastructure development).
On 5 February 2021, Indonesia’s Statistical Agency (Badan Pusat Statistik, or BPS) announced that gross domestic product (GDP) of Southeast Asia’s largest economy contracted 2.19 percent year-on-year (y/y) in the fourth quarter of 2020. This was less severe compared to Indonesia Investments’ outlook of -2.50 percent (y/y).
On Friday 05 February 2021 Indonesia Investments released its January 2021 report. The report zooms in on key economic, political, and social developments in Indonesia in January 2021. Special attention is given to Indonesia's COVID-19 immunization program (do we expect to see setbacks?), household consumption amid the COVID-19 restrictions, the Sriwijaya Air crash, and Indonesian demographics.
On 4 December 2020 Indonesia Investments released its November 2020 report. This report zooms in the US presidential election, and specifically the impact it may have on Indonesia-US relations. Other important topics that are analyzed in the report include the extension of Indonesia's status as a beneficiary country in the US GSP facility, the signing of the Asia-Pacific Regional Comprehensive Economic Partnership (RCEP), and Indonesia's Q3-2020 economic growth.
Latest Columns GDP
The most recent published outlooks for global economic growth and global trade are more pessimistic than their earlier versions, with the main reason being that there is no quick solution to the coronavirus (COVID-19) crisis. On the contrary, there is a high degree of uncertainty about when business can resume as usual. And, the closer we get to 2021, the less rosy outlooks are becoming for next year.
The novel coronavirus (COVID-19) crisis has a wide range of economic and social consequences. For example, the Indonesian economy is likely to contract this year (for the first time since 1998), while millions of Indonesians have lost their jobs over the past three months, and the majority of the country’s enterprises have seen their sales plunge.
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.
The economic and social consequences of the COVID-19 crisis are becoming increasingly clear and frightening. All the self-imposed restrictions on business and social behavior, taken by governments across the world, may protect people’s health to a significant extent, but the policy measures also have devastating economic and social consequences as economic activity nosedives, and businesses collapse. This results in unprecedented mass layoffs as well as growing poverty.
In mid-April 2020 the International Monetary Fund (IMF) released its latest ‘World Economic Outlook’ report. It is in fact not a complete report. Considering the global economy has changed dramatically over the past months, the IMF’s previous update of the World Economic Outlook (released in January 2020) simply had no validity anymore, and therefore the IMF released one new chapter in mid-April 2020 (with the full report set to follow in May 2020).
The number of confirmed novel coronavirus (COVID-19) infections and fatalities have been growing steadily across Indonesia in recent weeks, especially in the capital city of Jakarta where around half of the country's total COVID-19 cases originate from. And the alarming matter is that this could very well be the beginning of the real storm.
As expected, Indonesia’s full-year 2019 economic growth came in well below the central government’s 5.3 percent year-on-year (y/y) growth target. Based on the data that were released by Statistics Indonesia (Badan Pusat Statistik, BPS) in early February 2020, the Indonesian economy expanded at a pace of 5.02 percent (y/y) in 2019.
What marked the year 2019 for Indonesia was national politics. Although in these present times each year feels like a ‘political year’ for Indonesia – as the country’s local elections are spread out across years (and in 2020 it will be the turn of voters in various parts of the Archipelago to elect nine governors, 224 regents and 37 mayors) – the year 2019 was in fact a particularly ‘huge political year’ for Indonesia because of the (general) presidential and legislative elections that were held on 17 April 2019.
Given a variety of recent events, Indonesia has seemingly entered a liminal phase in its development trajectory, suggesting that its economic vulnerability will be tested in new ways. The present circumstances should be understood as a particular test for the ability of policy initiatives to temper the effects of perturbing exogenous factors and demand shocks to the overall economy.
In early May 2019 Indonesia’s statistics agency (in Indonesian: Badan Pusat Statistik, or BPS) announced that the nation’s economic growth pace was recorded at 5.07 percent year-on-year (y/y) in the first quarter of 2019.
