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Indonesia economy

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In Indonesia, E-Commerce App Temu Receives a Frosty Reception

In Indonesia, E-Commerce App Temu Receives a Frosty Reception

By Muhammad Zulfikar Rakhmat and Yeta Purnama
Jakarta is worried that the platform's "factory-to-consumer" business model will undermine the country's millions of small businesses.
Indonesia’s Bold Bid to Become a Semiconductor Hub

Indonesia’s Bold Bid to Become a Semiconductor Hub

By Patrick Kurniawan
The country enjoys some natural advantages, but faces significant challenges in outpacing its neighbors.

Pertamina and Petronas Both Had Good Years in 2023, But For Different Reasons

Pertamina and Petronas Both Had Good Years in 2023, But For Different Reasons

By James Guild
The contrast between the two state-owned oil firms reveals interesting differences in the political economies of Malaysia and Indonesia.

Indonesia Relaxes Local Content Rules to Spur Green Energy Investments

Indonesia Relaxes Local Content Rules to Spur Green Energy Investments

By Sebastian Strangio
The country's local content requirements are one reason for the slow progress of the $20 billion Just Energy Transition Partnership.

Is Fuel Subsidy Reform Finally On the Way in Southeast Asia?

Is Fuel Subsidy Reform Finally On the Way in Southeast Asia?

By James Guild
Malaysia and Indonesia are both beginning to reduce long-standing subsidies that have kept fuel prices well below market rates.
Who Will Serve as Indonesia’s Next Finance Minister?

Who Will Serve as Indonesia’s Next Finance Minister?

By Ahmad Syarif
Here are the three main contenders to take the post when President-elect Prabowo Subianto takes office in October.

Indonesia’s Prabowo Plans to Increase Debt to Fund Spending Plans

Indonesia’s Prabowo Plans to Increase Debt to Fund Spending Plans

By Sebastian Strangio
The president-elect plans to increase the country's debt-to-GDP ratio to 50 percent, up from 39 percent currently, in order to achieve his ambitious growth targets.
China’s BYD Opens EV Factory in Thailand, Expanding Regional Presence

China’s BYD Opens EV Factory in Thailand, Expanding Regional Presence

By Sebastian Strangio
The factory is the Chinese automaker's first in Southeast Asia, where it already dominates the fast-growing market for electric vehicles.

Why Indonesia’s State-Owned Railway Company Is Taking On Debt

Why Indonesia’s State-Owned Railway Company Is Taking On Debt

By James Guild
A costly China-backed high-speed rail project has increased scrutiny of Kereta Api Indonesia's finances.

Another Trade War? Escalating Friction in Indonesia-EU Relations

Another Trade War? Escalating Friction in Indonesia-EU Relations

By Michio Ueda
The discord between Indonesia and the EU over nickel and deforestation issues reflect broader challenges facing the global order. 

Indonesia Announces Hefty Tariffs on Chinese-made Goods

Indonesia Announces Hefty Tariffs on Chinese-made Goods

By Sebastian Strangio
The country’s small businesses could “collapse" under a flood of low-cost Chinese goods, the country's trade minister said.
Can Indonesia Actually Raise Its Debt to GDP Ratio to 50 Percent?

Can Indonesia Actually Raise Its Debt to GDP Ratio to 50 Percent?

By James Guild
Prabowo's deficit-driven economic vision draws from that of his father Sumitro Djojohadikusumo, a key intellectual of the early post-independence period.

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