Global Scans · Indonesia · Weekly Summary

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WHAT'S NEXT?: Indonesia's GDP is forecast to grow at 5% a year over 2016-2020, supported by strong growth in consumer demand and infrastructure investment. She is likely to be among the star economic performers for at least the next decade but at the same time faces great challenges to overcome past political and social issues.

• The Global Minimum Tax initiative aims to standardise corporate tax rates, but could make Indonesia's tax breaks for R&D less attractive to multinational companies, affecting foreign investment in R&D. East Asia Forum
• Several of Thailand's trading partners, including the US, India, and Indonesia, are set to hold presidential and prime ministerial elections, which could affect international trade dynamics. Thaiger
• There are at least 57 countries that will hold elections in 2024, including Indonesia, South Africa, the United States, India, England, and several European countries. Indonesia Business Post
• We are concerned that, if unaddressed, the disinformation campaign will bring further waves of targeted attacks - and possible atrocities - against Rohingya refugees in Indonesia and across the South and Southeast Asian region. Manushya Foundation
• Several economies, including China, Japan, India, Singapore, Indonesia, the Philippines, and Australia, are expected to make substantial contributions to the region's expanding need for marine lubricants in the coming years. InvestorsObserver
• Consumption is expected to rise by 7.22 million tonnes, driven by increased biodiesel mandate requirements in the United States, Indonesia and Brazil. The Star
• Nine out of 10 Association of Southeast Asian Nation members - which include Indonesia, Thailand, Vietnam, Malaysia, and Singapore-made a strong commitment to achieving net-zero emissions by 2050. Endeavor
• India must partner with like-minded countries such as the United States, Japan, Australia, Indonesia and South Korea to strengthen global lithium supply chain management and reduce strategic vulnerabilities. East Asia Forum
• Resilience is expected from large economies like India, Indonesia, China while North Asian technology exporters, particularly Korea and Taiwan, may benefit from AI-related semiconductor demand and an inventory restocking cycle. Fullerton Fund Management
• The implementation of the green economy will be the main focus of the Golden Indonesia vision, starting from 2025 to 2045, and will be an integral part of Indonesia's economic transformation efforts. Antara
• Political polarization is another area Sefiani believes will impact brands as democracy faces its 'biggest test', with over four billion people voting in upcoming elections held in the United States, India, Indonesia, the United Kingdom, Pakistan, Bangladesh, Mexico, and the European Union. AMI
• Indonesia's distinctive circumstances present the United States with an opportunity for a partnership that could advance the domestic interests of both nations. The Diplomat
• Five of the world's biggest democracies will go to the polls, in India, the United States, Indonesia, Pakistan, and Bangladesh. Foreign Policy
• AI-driven misinformation emerges as a risk during global elections in countries like the US, UK, Indonesia, India, Mexico, and Pakistan. Legacy IAS Academy
• National elections will be held in the United States, India, Indonesia, Russia, the United Kingdom, Pakistan, Bangladesh, Taiwan, Mexico, and South Africa to name just a few. The Conversation
• Over the next two years, nearly 4 billion people will head to national or municipal polls across several economies, including the U.S., India, Mexico, Pakistan, and Indonesia. Yahoo News
• Close to three billion people were expected to vote in national elections over the next 24 months, including in Ireland, India, Indonesia, Mexico, the United Kingdom and the United States. TheJournal.ie
• Other countries such as Indonesia and China have pledged to achieve net zero by 2060, and India has pledged to achieve net zero by 2070. Default
• An estimated 76 countries are scheduled to hold elections, including some of the world's most populous - Bangladesh, Brazil, India, Indonesia, Mexico, Pakistan, and the U.S. - positioning 2024 as a year with the potential for political upheaval. https://www.lazard.com
• Some of the other countries expecting a general election in 2024 include Indonesia, Bangladesh, Mexico, Iran, Belgium and South Korea. GreekReporter.com
• Rapidly growing Asian countries such as Indonesia and Vietnam will continue to grow their share of world GDP to 2050, as ageing populations and rising debt in western economies drag on their growth. The Telegraph
• Over the medium-term outlook, international tourism flows to the APAC region are expected to show strong growth, helped by rapidly rising household incomes in large Asian economies, notably mainland China, India and Indonesia. Seeking Alpha

Last updated: 05 February 2024