Asialink Business in collaboration with the Australia Indonesia Business Council and Herbert Smith Freehills are delighted to invite you to attend Predictions and opportunities: What the future holds for Australian businesses in Indonesia
With sustained growth of around 5 per cent a year for the past two decades, Indonesia is the largest economy in Southeast Asia and on track to become one of the world’s largest economies by 2030. It is home to over 260 million people and boasts a wealth of natural resources. Indonesia’s digital economy is growing rapidly, with over 120 million mobile internet users, dynamic e-commerce sector and over 1700 digital start-ups.
According to global management consultancy, McKinsey&Company, with rapid urbanization and rising incomes, an estimated 90 million Indonesians will join the ranks of the consuming class by 2030.
Indonesia’s long-term fundamentals—high private consumption, positive demographics, and rapid urbanization – create significant opportunities for Australian business in traditional sectors including mining, and evolving markets such as international education. The proposed Indonesia-Australia Comprehensive Economic Partnership (IA-CEPA) can play an important role in enhancing market access and bilateral investment, as will further reform and de-regulation by the Indonesian Government.
However, the Indonesian market is not without its challenges, including its significant size and diversity, infrastructure bottlenecks, regulatory uncertainty and a growing skills gap. To navigate those issues and drive impact, business needs granular insight into the Indonesian economic and political landscape.
As Indonesia’s 2019 General Election approaches, our expert panellists will share their insights on the longer term political outlook for Indonesia, prospects for reform, the business climate and the Australia-Indonesia bilateral relationship – which will shape the prospects for Australian companies into the future.