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Indonesia’s economic growth in 2023 is projected at 4.9 – 5.2%, while the inflation rate is 3.25 – 3.75%. The rupiah exchange rate against the USD is estimated to be in the range of Rp 15,676 – Rp 15,877/USD.
The Regional Comprehensive Economic Partnership (RCEP) Agreement entered into force for Indonesia on 2 January. Indonesia is the largest economy in ASEAN and the fifth largest among the RCEP parties with a trading value exceeding USD 1.1 Trillion. The preferential tariffs under the agreement can now be utilized by the private sector who are exporting to and/or importing from Indonesia.
According to a report by Ken Research, the Indonesian logistic market is expected to get a noteworthy CAGR of 7.9 percent in revenue to reach US$ 300.3 billion by the year 2024. This includes freight transport, freight forwarding, warehousing, courier, express and parcel (CEP), value added services and cold chain logistics segments.
Manufacturing Sector Growth Creating Demand for Better Supply Chain – Mordor Intelligence.
With a strong economic foundation, Indonesia is poised to become a future global leader in manufacturing. According to the Ministry of Industry, Indonesian manufacturing will be ranked 15th among global manufacturing hubs by 2023. Indonesia continues to attract investment, with its manufacturing sector increasing to USD 15.4 billion in the first half of 2022 from USD 11.2 billion in the same period in 2021.
Let us be your one-stop solution for a seamless business expansion experience. We are ready to implement tailor-made solutions for you as your trusted advisor, counselor, and business partner.
We are CPA certified in tax & accounting, adept in human resources with managing over 1000 employees and possess expertise in legal counseling/services.
Let us be your one-stop solution for a seamless business expansion experience. We are ready to implement tailor-made solutions for you as your trusted advisor, counselor, and business partner.