Starting this year, 2023, we step to get in touch with international communities for updating what are going on in Indonesia. The important of this idea is to let international communities and who concerned on Indonesia will get more references from different sources. We do understand that Indonesian orientalist who are living in overseas have got more accesses to Indonesian resources who are mostly coming from highest level resources but poor information from beyond them are the grass roots. Fusilatnews’s English section will bridge that gap to enrich all better understanding of Indonesia.
A journalist friend of mine who live in overseas told me that Joko Widodo has great ideas of to build new capital in Kalimantan without government budget. We do so think like that at the beginning but the fact is that the government has put the new capital of Indonesia project is one of the priorities that will be financed by annual state budget. While the other side, that some of our scholars think that this policy is contradiction with the global economy situation and the internal economy growth uncertainty as well. While the impact to people is far away from beneficial.
That is one of an example which overseas sides have to keep them latest update of what is going on here. We also invite your feature from you all (foreign writers as well as diaspora).
We also want to take a part in promoting Indonesia to overseas on tourism and investment in Indonesia which in Indonesia is highlight programs to boost direct economy impacts
We realize that even though many foreigners who is in Bali, not a few of them know that Bali is part of Indonesia. We are called to do this, to introduce Indonesia to anyone to all parts of Indonesia, which may be useful for you.
Large and robust economy
Indonesia is the largest economy in Southeast Asia representing about 35% of the region’s GDP. It is currently the world’s 16th largest economy in nominal GDP terms, and 7th largest by purchasing power parity. Indonesia is a member of G20 group of developed and developing nations. Indonesia is set to be the world’s 7th largest economy by 2030.
Indonesia has experienced robust growth of 5-6% in recent years. It is an investment grade country since 2017 and currently has a relatively low inflation and stable exchange rate.
Growing consumer market
Out of its 270 million inhabitants, 80 million people are now part of the consumer class. According to McKinsey & Company, this last number is expected to increase to 130 million people by 2030. By then, there will be US$ 1.8 trillion worth of market opportunities in consumer services, agriculture and fisheries, resources, education.
Indonesia and its Investment Opportunities at a Glance
Blessed with abundant Natural Resources
Blessed with abundant natural resources, Indonesia is perfectly positioned to supply the raw materials and commodities needed by foreign industry.
World’s largest producer of nickel & palm-oil
World’s 2nd largest producer of tin.
World’s 5th largest producer of coal.
World’s 9th largest copper producer
World’s 11th largest gold producer
World’s 11th largest natural gas producer and 5th largest LNG exporter.
World’s 14th largest producer of bauxite.
Infrastructure development
Indonesia still has a yawning infrastructure deficit in the power, transportation, public utilities and other key sectors. Since his election in 2014, Indonesia’s President Widodo has embarked on an ambitious infrastructure development program, which presents unrivalled opportunity for foreign investors / banks as well as foreign specialist construction and engineering companies, also in the maritime sector.
Enhanced Ease of Doing Business
Indonesia’s ranking in the World Bank’s Ease of Doing Business Index has improved dramatically in recent years, with the country now positioned around the midway mark in the Index, reflecting the success of the economic reform programs introduced since President Widodo first became president in 2014.Indonesia’s ranking is expected to further improve in the years ahead as the OSS System is consolidated and the economic reform process continues.
