AGP Executive Report
Last update: 9 hours agoPancasila-Driven Economic Overhaul: President Prabowo warned that Indonesia’s economic transformation will face resistance from groups benefiting from corruption, smuggling, and illegal practices, urging tougher decisions that protect long-term public welfare. Centralised Commodity Exports: Indonesia began a transition to a single state-led export system for coal, palm oil, and ferroalloys, with Danantara Sumberdaya Indonesia pledging transparency and price benchmarking to curb under-invoicing and keep proceeds onshore. Solar Push: Indonesia plans a 100 GW solar expansion worth about $71bn, signaling a major scale-up in renewables investment. Digital Infrastructure & AI: ZTE says it’s targeting overseas growth by helping build an “open digital rainforest,” citing data center demand and stricter data security rules; DBS also plans to expand its wealth centres across Asia, including Indonesia. Trade & Manufacturing Pressure: Indonesia’s textile and apparel sector is bracing for tougher global conditions and is pushing export diversification and new trade partnerships. Regional Business Links: Indonesia expands fishery export access to China, while Mastercard rolls out an ASEAN travel campaign across Indonesia and neighbors.
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