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COUNTRY INSIGHTS

A sense of stability post election
INDONESIA · Report · 28 Mar 2024

The Indonesian Election Committee announced on March 20, 2024, that the President and Vice President-elect from the 2024 General Election were Prabowo Subianto and Gibran Rakabuming Raka. After this announcement, there is a process in the Constitutional Court that will decide whether the presiden...

Growing at a comfortable rate
INDONESIA · Report · 29 Feb 2024

The Indonesian economy posted another encouraging growth result, with Q4 2023 GDP at 5.04%, above the 4.94% annual growth for Q3 2023. Compared to the previous quarter, the Indonesian economy expanded by 0.45%, following the regular cycle. With the rate of growth for Q4 slightly higher than 5%, o...

After the election: Greater prospects for continuity
INDONESIA · Report · 20 Feb 2024

Indonesia's general election took place on February 14, 2024. This election was accomplished peacefully throughout the country. I can say from first-hand experience that the general election even in remote areas was conducted peacefully. As can be learned from the media, the Quick Count resul...

Stability into the election
INDONESIA · Report · 30 Jan 2024

Indonesia's general election is already around the corner—it will be held on February 14, 2024. The incumbent, President Joko Widodo, is ineligible to run for a third time, based on the Indonesian Constitution. The presidential candidates for the current election are former Governor of Metropolit...

An improving trade balance with China
INDONESIA · Report · 28 Dec 2023

For many years, China ranked first in trade with Indonesia compared to Indonesia's trade with the rest of the world. Therefore, anything that happened in China might affect Indonesia. That is why it is interesting to watch the trade balance between Indonesia and China at a time when there has bee...

Growth remains solid
INDONESIA · Report · 27 Nov 2023

Indonesia's economy posted an encouraging result for Q3 2023, registering growth of 4.94%, only slightly lower than the 5.17% annual growth for Q2 2023. Compared to the previous quarter, the Indonesian economy expanded by 1.60%, which followed the regular cycle. While the growth rate for the Q3 w...

A rise in the political temperature
INDONESIA · Report · 31 Oct 2023 · 1 response

Indonesia has entered a period of rising political temperature in the run-up to the general elections. The registration for candidates for president and vice president began on October 19, 2023; the first two pairs, Anies Baswedan and Muhaimin Iskandar, and Ganjar Pranowo and Machfud MD, register...

The first EV battery cell plant
INDONESIA · Report · 27 Sep 2023

In mid-September, Indonesian President Joko Widodo visited the construction of the new battery plant in Karawang, West Java, Indonesia. This plant is expected to be the largest in Southeast Asia. It is being is built by a joint venture between LG Energy Solution and Hyundai and KIA Motor. The pla...

Another quarter of impressive growth
INDONESIA · Report · 30 Aug 2023

The Indonesian economy posted another quarter of encouraging growth results in Q2 2023 with GDP at 5.17%, slightly above the 5.03% annual growth pace of Q1 2023. Compared to the previous quarter, the Indonesian economy expanded by 3.86%, following the regular cycle. The fastest sector of growth i...

The latest cabinet reshuffle
INDONESIA · Report · 28 Jul 2023

A few months ago, the Indonesian government suffered a blow after one of its Cabinet Ministers was detained for a corruption case. The amount involved in the case was more than 8 trillion rupiahs, or slightly more than 500 million USD. The accused minister held the portfolio of Communication and ...

The first nickel sulfate plant in the country commences operations
INDONESIA · Report · 26 Jun 2023

An Indonesian nickel company, PT Halmahera Persada Lygend, a joint venture between Harita Group of Indonesia and Ningbo Lygend of China, early this month commenced the operation of the world's largest nickel sulfate plant, in Obi Island, North Molluccas Province. This event marked the vertical ex...

Another encouraging growth figure
INDONESIA · Report · 30 May 2023

The Indonesian economy posted an encouraging result for Q1 2023 GDP growth at 5.03% Y/Y, slightly above the 5.01% annual growth rate of Q4 2022. Compared to the previous quarter, the economy contracted by 0.92%, which followed the normal pattern. The fastest sector of growth in Q1 2023 was transp...

The candidacy of Ganjar Pranowo
INDONESIA · Report · 01 May 2023

At the peak of the month of Ramadan, with the fasting month ending on April 21, 2023, former President Megawati, in her capacity as the Chairwoman of the PDIP Party (the largest party in Indonesia) made the announcement of the candidacy of Ganjar Pranowo for next year's presidential election. Thi...

The first nickel IPO
INDONESIA · Report · 30 Mar 2023

An Indonesian nickel company, PT Trimegah Bangun Persada Tbk, is set for an initial public offering in April 2023. This will be the first Indonesian nickel company to go public, and it will certainly mark a milestone for the Indonesian Stock Exchange ever since the fanfare about the rise of the n...

The rise of Eastern Indonesia
INDONESIA · Report · 28 Feb 2023

The Indonesian economy posted an encouraging result for Q4 2022 with growth of 5.01%, although this was significantly lower than the 5.72% rate achieved in the previous quarter. GDP for full-year 2022 grew by 5.31%, at the bottom of the predicted range of growth. Compared to the previous quart...

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