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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
Information and communication has been one of the best-performing sectors of the Indonesian economy in recent years, with its real gross value added (GVA) expanding at a CAGR of 8.4% in the 2018-2023 period, driven by the digital transformation in ...
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Indonesia's insurance sector has seen a steady growth over the past few years, supported by the country's economic expansion and a rising public awareness of the benefits provided by insurance products. The relatively low penetration rate, with gross ...
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Developing Indonesia's infrastructure has been a top priority for the country's governments during the two terms of outgoing president Joko Widodo. Over the past decade, Indonesia has spent almost USD 800bn on new infrastructure projects as part of ...
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Transport infrastructure development is a crucial factor in boosting Indonesia's economic growth, given the fact that the country's territory covers the world's largest archipelago, totalling more than 17,000 islands. The Indonesian transportation ...
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Indonesia is an important global supplier of key crops such as rice, palm oil, rubber, banana and coffee. The country is also prominent in the production of rubber, coconut, sugarcane, mango, pineapple, oranges, tangerines, poultry meat and ...
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The wholesale and retail sectors collectively contribute approximately 13% of Indonesia's GDP, based on current price measurements for 2023. In addition, the retail industry employs nearly one fifth of the nation's workforce. In recent years, the ...
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The Indonesian food and beverage industry is a key driver of growth for the manufacturing sector and the national economy. Its strength is supported by abundant natural resources and increasing domestic demand. In 2023, Indonesia ranked as the ...
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Indonesia, a key player in the Southeast Asian region, boasts abundant mineral wealth. It leads globally as the top provider of thermal coal and ranks as the world's second largest tin exporter. Additionally, it is a significant source of minerals, ...
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