Global Scans · Indonesia · Weekly Summary

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WHAT'S NEXT?: Indonesia's GDP is forecast to grow at 5% a year over 2016-2020, supported by strong growth in consumer demand and infrastructure investment. She is likely to be among the star economic performers for at least the next decade but at the same time faces great challenges to overcome past political and social issues.

• [New] India, Indonesia, and Thailand all face some security risk from China, although Thailand has been far less concerned about it than the other two. Carnegie Endowment for International Peace
• [New] Some economists predict that by 2050, Brazil, India, Indonesia, and Mexico will be among the seven largest economies in the world. Carnegie Endowment for International Peace
• [New] Indonesia, Malaysia, Thailand, and Vietnam would need an additional 1500-1700 new 60,000-bird broiler farms between 2021 and 2026 to meet growing demand. Medium
• [New] The World Bank is supporting several investments in countries through projects covering many sectors, including solid waste management [e.g. Cambodia and Indonesia], agriculture [such as in China], and further opportunities being identified in fisheries, tourism, river basin projects. World Bank
• With global disruptions, procurement's focus is expanding across emerging markets in countries such as China, India, Brazil, Mexico, Indonesia, and beyond. Logistics Management
• Assuming China's steel output remains flat, to maintain the 3.5% annual increase in global steel demand of the past twenty years, it will be necessary for India, Vietnam, Indonesia, and a few more high-growth economies to more than double their steel output every decade. The Emerging Markets Investor
• Indonesia has indicated that its much-anticipated regulations to implement the Personal Data Protection Law are undergoing discussions among its ministries and are on course to be enacted into law soon. International Association of Privacy Professionals
• Telkom Indonesia and NEC Indonesia will formulate a strategy, roadmap, design, and implementation plan for Smart Cities in Indonesia, with a primary focus on developing a smart city in the IKN, which is planned to be operational by 2024. Antara
• Indonesia, Southeast Asia's largest country at over 270 million people, plans to install 1,000 to 2,000 MW worth of nuclear capacity by the early 2030s. Energy Central
• Most regions of Indonesia have the potential to experience extreme weather in the form of heavy rain with lightning and strong winds. TEMPO.CO
• The Libyan business people furthermore will do more business with Indonesia to get more profit. Africa.com
• Nickel prices fell after Indonesia announced it will accelerate the approval process for a production quota of 152 million tonnes for nickel. Global X ETFs - Australia
• Officials will identify the most dangerous extremists from countries including Afghanistan, Pakistan and Indonesia, so they can be added to visa warning lists. The Telegraph
• Under the Defence Cooperation Agreement, Singapore and Indonesia will continue to strengthen defence partnerships and deepen cooperation in mutually beneficial areas. CNA
• Downside risks from the global economic environment are high and could weigh on Indonesia's growth if they materialize. World Bank
• Thailand and Indonesia, two of Southeast Asia's largest economies, are reported to be faced with the potential threat of credit rating downgrades. Thai Examiner
• The levelised cost of energy of solar PV in Indonesia could be around 40% lower if its investment and financing risks were comparable to advanced economies. IEA
• Additionally in 2024, we expect to see growing ADAS content, particularly Level 1, in other emerging markets such as India, Indonesia, Thailand and Latin America. Newton
• Significant increases in coal use are expected in Indonesia, Vietnam, Philippines, Malaysia and Pakistan. IEA
• Demand from Indonesia, Philippines, Malaysia, China and Africa has been increasing as El Nino is expected to last at least until mid-2024. UkrAgroConsult - gg
• Asia is expected to exhibit robust performance, with notable growth anticipated in India, mainland China, Malaysia, and Indonesia. NST Online
• AMR could result in US$ 1 trillion additional healthcare costs globally by 2050, with disproportionate impact in low- and middle-income countries, including Indonesia. World Health Organization: WHO

Last updated: 15 April 2024