Thursday, 20 September 2012
Intercham event: Indonesia: Overview, Opportunities & Challenges
Indonesia, the 3rd most populous country in Asia with more than 250 million inhabitants spread over more than 17,000 islands has lately become the Asian 'darling' of the international markets. Recent political and economic reforms have resulted in achieving a coveted investment grade rating by Moody's and Fitch. Combined with abundance in natural resources, relatively low wages, beautiful holiday destinations and a growing middle class, it is not surprising that internationally operating companies are becoming more and more interested in Indonesia. Economic growth has been above 6% p.a during the past couple of years but contrary to some other countries in Asia, primarily domestically driven rather than by exports. It is clear that a country with these economic and demographic conditions offers great opportunities as well as challenges to international companies. Theodoor Bakker and Alex Jaminon were the guest speakers at this event.