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COUNTRY INSIGHTS

All charged up and ready to go
INDONESIA · Report · 31 Mar 2021

Recently Credit Lyonnais Securities Asia published a report on the Indonesian electric vehicle industry that underscored its confidence in the Indonesian government's support for the industry, from nickel production for batteries to the prospects of Indonesia's becoming part of the global product...

Improvement in the economy
INDONESIA · Report · 01 Mar 2021

Indonesia has already seen a certain measure of improvement in the economy in the past quarters. While the country experienced a painful situation due to the restrained mobility from the pandemic, which led to a semi-lockdown in Q2 2020, Indonesia has continued to improve, slashing the negative g...

A longer-lasting trade surplus
INDONESIA · Report · 01 Feb 2021

Indonesia has enjoyed a number of commodities booms in the past few decades. These range from sugar, to rubber, to oil, with the most recent being the coal and CPO booms. These rapid periods of growth in commodities helped the trade balance and also increased the welfare of the people, which even...

Toward the age of the electric vehicle
INDONESIA · Report · 31 Dec 2020

As the year 2020 quickly approaches its end, Indonesia is weighing the prospects for the country’s economy for the near term, as well as for the medium and long term. For the near future, the fight against the pandemic continues, with the prospect of vaccination becoming the biggest hope. The fir...

A surplus in the current account
INDONESIA · Report · 30 Nov 2020

Indonesia has already seen the painful impact of the pandemic on its economic growth. For the first time since the Asian Crisis in 1998, when the economy declined by 14%, the Indonesian economy declined, by 5.32% in Q2 2020 after positive growth of 2.97% in Q1 2020. In Q3 2020, the Indonesian eco...

The state of the banking sector during the pandemic
INDONESIA · Report · 02 Nov 2020

The Indonesian economy has been impacted by the pandemic in the past few months. Various sectors of the economy, especially sectors related to people’s mobility, such as transportation, hotels and tourism, have, with some exceptions, been impacted the most. In addition, retail businesses and rest...

Recession—the beginning or the end?
INDONESIA · Report · 28 Sep 2020

What we have seen in the past few months clearly shows that Covid-19 has not only hit people's health, but also their welfare. Particularly in Indonesia, where the informal economy is large, the implementation of restrictions on mobility in various areas was a big blow to people's income. The aff...

Coping with negative growth
INDONESIA · Report · 31 Aug 2020

Indonesia has already seen the painful impact of the pandemic on its economic growth. For the first time since the Asian Crisis in 1998, when the economy declined by 14%, in Q2 2020, Indonesia's economy declined by 5.32%. In the four months since the official announcement of the first case of Cov...

Racing for the vaccines
INDONESIA · Report · 31 Jul 2020

Indonesia has been challenged by the continued increase in new Covid-19 infections, even though the number of people who have recovered is also increasing. In fact, for the first time, the number of people who recovered in one day has started to exceed the new cases. It is hoped that this develop...

​Indonesia: Maintaining the social fabric during the pandemic
INDONESIA · Report · 29 Jun 2020

Covid-19 has hit not only​ the health of the people, but also their welfare. Particularly in Indonesia, where the informal economy remains large, the implementation of restrictions on people's mobility in various areas resulted in a significant hit to their income. With the prospect of their inco...

​Preparing for the “new normal”
INDONESIA · Report · 01 Jun 2020

Indonesia was “officially”​ hit by COVID-19 in early March 2020. In the period of three months after the official announcement, various efforts have been made by the government to mitigate the harsh consequences of the semi lockdown implemented to cut down on the spread of the virus. Many people ...

Ramadan in the midst of pandemic
INDONESIA · Report · 29 Apr 2020

The fourth week of April 2020 was the start of the month of Ramadan, the fasting month for the people of the Islamic religion. Under normal circumstances, this is the peak of the business cycle for most companies in Indonesia. Two to three months prior to Ramadan, imports usually surge in order f...

COVID-19 hit heavily
INDONESIA · Report · 30 Mar 2020

Just one day after our previous report was released, Indonesian President Joko Widodo announced the first two cases of coronavirus in Jakarta. The first two cases were part of a cluster in a dancing club where a foreigner had recently been. Apparently, the foreigner was infected by the COVID-19 v...

At the crossroad of coronavirus traffic
INDONESIA · Report · 29 Feb 2020

Indonesia is literally at the crossroad of coronavirus traffic. Surrounded by countries that have been affected by the virus, so far there have been no reports of coronavirus infections in Indonesia. This fact has cast a lot of doubt on the credibility of the Indonesian authorities because Chines...

More signs of optimism
INDONESIA · Report · 29 Jan 2020

Approaching the end of 2019, there seemed to be an improving sense of optimism among various segments of the population. On the political side, the success in the general election in the first half of 2019 and the success in installing a relatively strong cabinet in October 2019 fostered an impro...

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