Government Regulation No. 54/2016 was recently issued.
Indonesia’s economic growth in 2017 is set to improve.
The government announced the launching of its 14th economic policy package.
The government is offering more incentives to facilitate industrial property developers.
Indonesia’s tea industry has seen increased demand in recent years despite industry challenges.
Indonesia’s cosmetic sector has grown rapidly in recent years backed by a large domestic market.
The demand for Islamic clothing has encouraged the rapid growth of the Muslim fashion industry in Indonesia.
Despite what appeared to be positive momentum at the close of 2015, data from Q1 2016 suggests that Indonesia is not yet out of the woods.
Footwear brands remain attracted to Indonesia as a production base.
On 16th June 2016, Bank Indonesia announced that it would cut interest rates by 0.25% to a benchmark rate of 6.5%.
Indonesia is considering a consolidation of its state-owned banks to compete within the AEC.