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Indonesia is the largest island nation in the world, home to over 270 million people. Located in Southeast Asia, Indonesia is known for its diverse and rich culture and stunning natural beauty. Indonesia has something for everyone, from bustling cities to the peaceful countryside. The country is also home to a rapidly growing economy, making it an attractive destination for tourists and investors. With its rich history, vibrant culture, and stunning natural beauty, Indonesia is a must-visit destination for anyone looking to experience Asia's best.
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Just like most other sectors (with the notable exceptions of the digital economy and telecommunications sector) the property sector of Indonesia was heavily affected by the COVID-19 crisis in 2020-2021. Now this crisis has passed, it is interesting to take a look at the state of Indonesia’s property sector.
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On 24 February 2023 Pertamina Geothermal Energy made its trading debut on the Indonesia Stock Exchange (IDX) after concluding its initial public offering (IPO) – in which it sold 10.35 billion shares (which is equivalent to 25 percent of its enlarged share capital, including a 10 percent free float on the IDX) at an offering price of IDR 875 per share.
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On 06 February 2023, Indonesia’s Statistical Agency (Badan Pusat Statistik, or BPS) released the latest official gross domestic product (GDP) data of Indonesia. The data were in line with expectations.
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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.
