As Indonesia's economy nears the one trillion-dollar mark, the country has gained a lot of attention in recent years. With President Widodo’s new government in place and ahead of the World Economic Forum on East Asia in the capital Jakarta in April this year, Global Media deemed it to be an ideal time to revisit the country and publish its third special business report on Indonesia since 2011.
From real estate to banking and finance, the team will focus on the industries and sectors that have traditionally contributed to the stable growth of Indonesia's economy. At the same time, the team will look at emerging industries that have displayed huge potential, such as the digital industry.
This week, the team met with Andi Boediman, Managing Director and Co-Founder of Ideosource, an incubator and venture capital firm investing in start-ups in the digital industry — ranging from online content, media, e-commerce, and cloud services. Mr. Boediman shared his insights on the industry, as well as the country as a whole. He believes that these enablers, such as the distribution channel and logistics, are improving in Indonesia. These enablers, bouyed by newly-found self-confidence, will boost growth and make Indonesia the next global giant within five years.
Foreign investment in Indonesia has also picked up. Hans Tabalujan of Danapaint Indonesia said his company has received increased interest from foreign companies the last two years. But Mr. Tabalujan explained that as of the moment, he wants to keep the business within the family and focus on expanding the company’s market share in the Indonesian coating industry.
Although Danapaint Indonesia’s business model is focused on the domestic market, several homegrown companies have begun looking abroad. As Indonesian companies make waves in various international markets, the country is well on its way in flexing its economic muscle. - EA
