2024: Doing Business In Indonesia

Doing Business in Indonesia

1. What is the current business climate in your jurisdiction including major political, economic and/or legal activities on the horizon in your country that could have a big impact on businesses?

The business climate in Indonesia remains dynamic, characterized by stability and strength, driven by growing domestic demand and infrastructure investment. On the political front, the government is actively promoting economic growth through regulatory reforms and investment-friendly policies. This includes efforts to simplify business licensing processes and enhance infrastructure development. In February 2024, Indonesia held the world's largest single-day elections, choosing a president and legislators. There are no indications of political instability, as the presumptive president-elect, who will take office in October 2024, has pledged to maintain the current government's policies. Consequently, the markets responded positively to the