Courtesy of The Financial Times, an interesting report on rise of high net worth individuals in Indonesia in the short term: “…The sight of a bright red Ferrari being delivered in Jakarta is still something that attracts attention. But not for long. The number of high net worth individuals will triple in Indonesia to nearly 100,000 […]
Read more »Via Nicholas Vardy, a report on Indonesia, Southeast Asia’s largest economy and possibly the next country to join the elite group of BRIC (Brazil, Russia, India, China) emerging economic powers. As the article notes: “…The BRIC economies of Brazil, Russia, India and China may lay claim to the world’s economic future. But BRICs aren’t necessarily the top performers in the […]
Read more »Courtesy of Knowledge at Wharton, an insightful interview of Gita Wirjawan, a 44-year-old former investment banker with Goldman Sachs and J.P. Morgan, who last year became Indonesia’s chairman of Badan Koordinasi Penanaman Modal (BKPM), the country’s Investment Coordinating Board, a ministerial-level post. He believes his country has been misunderstood in the past, and has a […]
Read more »Courtesy of The Financial Times, an interesting report detailing Indonesia’s recent economic rally. As the article notes: “…When Indonesia’s export market collapsed in the 1997 Asian financial crisis, the country didn’t look like it would ever get back into the regional manufacturing race. But the chairman of the investment coordination board, Gita Wirjawan, says Indonesia […]
Read more »Via The Global Guru, a look at Indonesia – a country which some consider to be the 5th BRIC. As the article notes: “…As the world’s largest Muslim nation with a population of almost 248 million, Indonesia is the fourth-most populous country in the world after China, India, and the United States. Already among the […]
Read more »Via Time, an interesting thought regarding Indonesia and its potential inclusion among the BRIC designation. As the article notes: “…Perhaps we should add an “I” to the BRICs, for reasons much more positive for the global economy. The extra “I” would stand for Indonesia, a country that often gets forgotten amid all of the attention […]
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