Indonesia Sets Its Sights On 40% Investment from Southeast Asian Countries
Indonesia sets its standards high, aiming for at least 40% foreign direct investment (FDI) from Southeast Asian countries. The Government aims to attract Rp80 billion in FDI.
Since Indonesia accounts for 40% of ASEAN’s total economy, the stipulation is that at least 40% of investment from Southeast Asian countries should come into Indonesia. The country is confident it can achieve this, even with the global economic slowdown.
Strength and Stability Is the Key
Indonesia is confident of achieving its investment from Southeast Asian countries target because of its political stability. The nation has become adept at controlling inflation rates while championing inclusive economic growth in the process. In fact, economic growth was an impressive 5.17% year-on-year in the second trimester.
Indonesia has also taken steps to prepare foreign exchange from exports in anticipation of the US dollar uncertainty.
Making it Easy for Investors to Start and Operate a Company
Indonesia’s ambitious goal underpinned by its political stability and a strong track record of managing inflation and fostering inclusive economic growth. The country’s 5.3% economic growth in 2022 highlights its robust economic position, which is further bolstered by its proactive measures in handling foreign exchange reserves and reducing uncertainty related to the US dollar.
While Indonesia ranks 73rd out of 190 economies in the ease of doing business index, it’s important to note that the country has made notable progress in key areas. Initiatives such as simplifying credit access, streamlining business registration, and improving the regulatory environment demonstrate Indonesia’s commitment to enhancing its business landscape. For those seeking to thrive in this dynamic market, 3E Accounting offers professional services and guidance to navigate Indonesia’s evolving business environment. Contact us today to explore the potential for your business in Indonesia.