Indonesian Political, Business & Finance News

A New Home for National and Global Capital

| | Source: INSIGHT.KONTAN.CO.ID Translated from Indonesian | Economy
A New Home for National and Global Capital
Image: INSIGHT.KONTAN.CO.ID

Indonesia has grown into the country with the largest economy in ASEAN and has become one of the most attractive investment destinations in the region. However, being a place for incoming investment is not enough. Indonesia needs to develop into a home for both national and global capital — a place where funds are raised, managed, traded, and reinvested to support development. All this time, a great deal of investment has indeed entered Indonesia. Yet, many of the accompanying financial transactions — from financing and asset management to cross-border transactions — are still largely settled through financial centres abroad. As a result, a portion of the added value from financial activities has not been fully enjoyed by Indonesia.

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