Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy, National University of Singapore
Indonesia’s overarching goal to expand its basic digital infrastructure first emerged in the 1990s, through the idea of the Palapa Ring project. The project aimed to provide internet access to the entirety of the 34 provinces in the archipelagic nation and was completed recently in 2019. In 2014, the percentage of households in Indonesia with […]
Read MoreSummary The global travel disruption had cascading effects on tourism and the supporting sectors in Bali. This week’s chart portrays Bali’s vulnerability to the worldwide border closure amid COVID-19 and underlines potential areas for diversification. Bali’s economy contracted by 9.3% in 2020, one of the worst-hit provinces in Indonesia. The loss of tourism revenue scraped […]
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“Digital” The new byword and frontier in economic growth but despite all the buzz and attention, what does it actually mean for the economies of ASEAN? ACI’s recent webinar titled “Challenges and Opportunities in ASEAN’s Digital Economy” hosted on Friday, 24 Sep 2021 tackled this issue in depth. Speakers from ACI and Mr Konesh Kochhal, […]
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The study on the competitiveness of 34 sub-national Indonesian economies by ACI is committed to tracking the country’s diverse progress. This objective has been fundamental in light of the COVID-19 pandemic that has affected the archipelagic nation in different ways. Indonesia’s economy received an unprecedented shock because of the COVID-19 pandemic. Prior to the pandemic, […]
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As Indonesia joins other countries in charting its economic recovery beyond the pandemic, economic onlookers have been keenly watching the country’s special economic zones. The Nongsa Digital Park in Batam was recently endorsed as a Special Economic Zone (SEZ) by President Joko Widodo- This signals the central government’s support for regional and international businesses looking […]
Read MoreSummary In the last decade, Indonesia’s tertiary sector has continued to grow, further surpassing the primary and secondary sector. This week’s chart illustrates Indonesia’s economic composition in terms of the percentage of the three sectors in the GDP value-added, as well as the annual growth rate of the Information and Communication industry. The chart shows that despite the Covid-19 pandemic, the tertiary sector continues to grow and has hit a new record in 2020, […]
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Special highlight: Letter of Intent (LOI) signing ceremony between ACI-LKYSPP-NUS and Universitas Diponegoro Asia Competitiveness Institute and Universitas Diponegoro have signed a Letter of Intent (LOI) to extend research collaboration on Indonesia and Central Java’s economic landscape. The LOI was represented by Professor Paul Cheung Director, Asia Competitiveness Institute, Lee Kuan Yew School of Public […]
Read MoreSummary When Indonesia was forced to impose lockdowns and other degrees of social restrictions due to the pandemic, the digital sphere presented opportunities to maintain some degree of normalcy. 37%1 of consumers in Indonesia’s digital economy were only recently motivated to come online, due to the pandemic. 93% of consumers new to digital economy intend to continue patronizing online services and goods beyond […]
Read MoreUnder the Subnational Competitiveness Webinar Series, ACI conducted a webinar for Lampung province, titled “The Inaugural Provincial Dialogue on the Economy and Development 2020 for Lampung”. The attendees included senior officeholders from various Lampung government agencies, members of Indonesian Employers’ Association (APINDO) of Lampung, and academics from the University of Lampung. Watch the video to […]
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In 2020, the Indonesian economy was critically impacted by the COVID-19 pandemic. A year into the pandemic, will Indonesia’s businesses regain their momentum and optimism? How have local firms adapted to the shifting economic landscape? The ACI Webinar on “Drivers of Indonesia’s Economic Growth in 2021” convened a panel of distinguished speakers to discuss the country’s […]
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