Jokowi’s Third Year: Politics & Indonesia’s Investment Climate

The Government & Regional Affairs Committee/GRAC’s first meeting of 2017 featured Doug Ramage, Managing Director, BowerGroupAsia and a leading expert on Indonesian politics, economics and business affairs.

IMG_2129Doug Ramage, Managing Director, BowerGroupAsia and Governor of AmCham Indonesia

 

Now in his third year in office, President Jokowi is more than half way through this term. Doug highlighted what is going right – the Jokowi administration’s excellent macroeconomic team, sound fiscal and budget policies, popular healthcare initiatives, infrastructure development and a pragmatic “getting things done” approach. Through a series of small reform packages, the government has introduced a range of measures that cumulatively are making a difference for the business environment. Areas where work remains to be done include broadening the tax base, streamlining the bureaucracy, and tackling corruption. While Indonesia is not on track to reach the government’s 7% growth target, the economy should continue to perform in the 5% range.

 

The GRAC also heard about the risks to watch out for as the 2019 elections approach – Will the surge in identity politics threaten reforms and democracy? And what are the implications for investors in and looking to enter the Indonesia market?

 

AmCham GRAC members, if there are more topics that you would like to hear more about or have an expert speak on, please fell to drop me an email at pkoh@amcham.org.sg. As part of our effort to bring you better committee meetings, we would appreciate if you would take TWO minutes to fill in the following survey of six very short questions – https://www.surveymonkey.com/r/AmCham_GRAC_Survey_2016

Co-Chairs

Peter L. Allen

Peter L. Allen

Agoda Outside

Ann Lavin

Ann Lavin

Google Asia Pacific

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Government and Regional Affairs Committee

The Committee assists members with identifying and responding to economic and commercial matters taking place in Singapore, the region, and in the U.S. Members maintain contact with Singapore and U.S. Governments on matters of mutual concern and conduct programs based on member interests, including region-wide and country-specific information programs. It also serves as the focal point for developing AmCham positions on regional issues.
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