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Indonesia
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Asia’s consumer class is growing fast. This chart shows how
Between the years 2020 and 2030, almost 76 million Indonesians will join the so-called consumer class, a group of people who spend more than $11 (in 2011 PPP dollars) per day. This will cause the country to become the fourth biggest consumer market in the world behind the giants of the field – China, India and the United States.
Case study: ESG, energy transition and Indonesia
This ESG Intelligence report details the country’s growing role in the global ESG ecosystem, with a focus on topics such as managing transition risks on the path towards net zero, support for local biodiversity, social return on investment and bridging regional gaps in education.
The Indonesia-Singapore Bilateral Investment Treaty Comes into Effect
Through the upgraded DTAA, the tax rate on branch profits was reduced from 15 to 10 percent, and the tax rate on royalties for copyrighted works of literature, arts, and film, and eight percent for the use of industrial, scientific, or commercial equipment was lowered from 15 to 10 percent.