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Those companies that make money through sales of alcoholic beverages in Indonesia have been experiencing challenging times in recent years. It is a fact that Indonesian society has become more conservative over the years (this is actually a process that has been ongoing for centuries), and Indonesia’s 2019 presidential and legislative elections showed how the political influence of conservative Muslim clerics has grown.
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In late-July 2019 Indonesia’s Investment Coordinating Board (BKPM) released the latest direct investment data of Indonesia. The data give rise to some optimism, albeit – generally speaking – direct investment realization comes from a low base in Indonesia (and non-optimal investment realization means the whole economy is not running optimally).
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Indonesia is the world’s biggest palm oil grower as well as the world’s biggest exporter of crude palm oil (CPO). Traditionally, palm oil exports are ranked among the top three export products of Indonesia (along with coal and natural gas). As such, palm oil is of crucial importance for the Indonesian economy.
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Manufacturing activity in Indonesia increased in June 2019 albeit at a much slower pace than in the preceding month. Expansion in the nation’s manufacturing sector was dragged down by softer expansion in both production and new orders.
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The views expressed in these business columns are the views of the authors or the interviewed persons only and therefore do not necessarily reflect the views of Indonesia Investments. The authors are free to ventilate their opinions about the Indonesian business climate. Facts presented in these columns are the result of the author's own research or indicated sources, read disclaimer.