The country has secured trillion rupiahs-worth investment deals with battery giants and top EV manufacturers. EV competition is around the corner.
Indonesia’s coal export last year hit the second all-time high. Meanwhile, domestic coal demand is set to remain strong for many years. The coal market is far from dying.
Penetration of banking services in Indonesia is insignificant, although thousands of banks operate within the country. More than half of Indonesia's adult population reportedly unbanked or hold no financial services institution account.
Revision of Law No. 4/2009 concerning Mineral and Coal Mining was finally passed on May 12, 2020, in the House plenary meeting, endorsed by eight factions except Democrats. Since the beginning of the drafting, it has drawn resistance from various groups.
The fate of 10 business sectors hit by the outbreak.
The insurance industry sees severe challenges in the future. OJK is preparing a new regulation to gradually raise insurance company minimum capital from Rp 150 billion to Rp 500 billion.
There have been many fundamental changes in the oil and gas business in 202. The easily-changing regulations still pose a risk that may burden business activities in the oil and gas sector.
The hype is on the domestic petrochemical industry as large investors are flocking to invest trillions of capital in the Indonesian market.
President Joko Widodo repeatedly expressed his concern about the inflated oil and gas imports. He started to not holding back when criticizing the condition.