Indonesia signs $8.1 billion defense deal with France to buy 42 Rafale jets

The agreement to obtain the first six Rafale aircraft was signed in a meeting between Indonesia’s Defense Minister Prabowo Subianto and France’s Armed Forces Minister Florence Parly during her visit to Jakarta.

Energy transition and emerging markets

The push for carbon neutrality and improved environmental sustainability places a unique set of pressures on emerging markets. The essential question is: how can such economies fulfil their economic potential while at the same time striving for net zero?

ESG Trends 2021: Rise of Green Finance

In a year in which significant political efforts have been made to speed up the energy transition, 2021 has also been record-breaking for green finance, as governments, international institutions and lenders alike seek to support the shift towards renewables.

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.