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The Indonesian economy’s growth in 2017 has been steady, which is somewhat below the level needed to fulfil President Joko Widodo’s promised major step-up in infrastructure spending, towards which he has allocated IDR404tn ($30.23bn) out of the government’s 2018 budget. This initiative involves a number of public-private partnerships (PPPs) for toll-roads, railway lines and airports across the country. Another key development is the ‘big bang’ liberalisation, which relaxes the restrictive laws on foreign investment.

Traditionally, the appetite for investment in Indonesia centred upon its natural resources sector. However, the oil and gas industry has dropped from 6% of the country’s GDP in 2011 to only 3% in 2016. Alongside this, greater importance is being placed on renewable energy, particularly geothermal energy, and the government aims to produce 9,500MW in geothermal power by 2025.


Samuel Bonaparte

SAMUEL BONAPARTE was founded by Captain Samuel Bonaparte Hutapea, A.Md., S.H., S.E., Master Mariner in 2012. Prior entering into legal industry, Capt. Bonaparte has 13 years of experience at sea. Started the career as a Deck Cadet, he became a Captain at the age of 25 at A.P. Moller Group for their fleet in Alexandria (Middle East region), he afterwards promoted to Auditor for Iran fleet. He was also serving as Marine Surveyor for Braemar.

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Siregar & Djojonegoro

The demand for enhancing the value and quality of legal services in Indonesia has been the guiding force in the founding of Siregar & Djojonegoro law firm in Indonesia. The firm believes that legal services should be conducted with absolute perfection throughout. This can only be done through thorough understanding of the legal aspects together with a perfect knowledge of the commercial and business environment and practices and the client’s background and concerns.

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Indonesia has the world’s fourth-largest population, so naturally there is a great deal of investment focusing on the purchasing power of the region’s rising middle class, which has seen other sectors such as technology, retail and real estate coming to the fore. A prime example of this is the motorbike ride hailing app GO-JEK, which closed $550m in funding last year. Another exciting development in 2017 is that Facebook opened its first permanent office in Jakarta.

The country has a closed legal market, which has led to many international firms working in association with local firms. Among these include Ginting & Reksodiputro in association with Allen & Overy, Hadiputranto, Hadinoto & Partners, a member firm of Baker McKenzie and Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills. In 2017, Melli Darsa & Co. joined PwC’s global network, while Clifford Chance ended its association with Linda Wiyati & Partners due to the retirement of name partner Linda Widyati.

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