In its latest World Economic Outlook, the IMF predicts the global economy to experience a 4.4% contraction in 2020 (+0.8ppt vs its June estimates) and a partial rebound to 5.2% growth in 2021 (-0.2ppt). Asia (-1.7% in 2020; +8.0% in 2021) faces a mor...

Both exports and imports pulled back for another month with tepid global demand weighing on the export sector with outbound shipments of non-oil and gas products managing to eke out a 0.27% gain. Export and import trends have resulted in a trade surp...

Like so many other countries in the MSCI EM index, Indonesia is too small to matter for mainstream global emerging market public equity investors. Indonesia is not part of the MSCI FM or FEM indices even though, from a GDP per capita perspective, at...

Indonesia's inflexible labour markets and muddled regulatory environment (ie unclear jurisdiction between central and local government) has prevented it from attracting foreign direct investment and upgrading infrastructure in order to replicate the...

Technology and innovation have transformed the digital food delivery industry over the past five years, morphing it into a US$110bn business that has reshaped dining habits and disrupted traditional restaurant models. We estimate that Uber Eats has b...

Price gains remain subdued in Indonesia with the economy likely in recession due to the pandemic and the latest CPI inflation at 1.4%, in-line with expectation. Despite inflation slipping below target for a third month, we expect Bank Indonesia to ke...