Indonesia: Building the future
The composition of Indonesian society is changing at an unprecedented rate, with about five million people entering the consuming class each year. Millions of Indonesians are also joining the workforce each year and the country’s population is now entering its prime. With steady growth for the past 10 quarters and a forecasted 5.3% GDP growth, Indonesia will have more people working in the next 15 years.
With this macroeconomic advantage at play, Indonesia has clear goals of globalisation and prosperity. With the economic reforms that are unfolding, the economy has been on the up, the rupiah has stabilised and the country’s extensive infrastructure development programme is progressing well. Indonesia is home to some of the largest corporates in the world and there are many unexplored opportunities in Indonesia’s capital and bond markets linking to further growth for the financial services sector. Indonesia is also at the heart of AEC, as ASEAN’s core trading partner and an emerging global manufacturing hub. As her globalisation agenda flourishes, the need to remain ahead of the curve is prevalent. Indonesia is leading digital innovation in Asia. In Indonesia, a few factors make the impact of digital more pronounced that in other markets, including social penetration, consumers’ openness to new technologies and the mobile Internet, and willingness by the financial service sector to innovate to support the evolving Indonesian customer.
The SWIFT Business Forum Indonesia will focus on these key issues, challenges and opportunities facing our industry today. With globalisation and innovation sweeping across the Indonesian payments and securities landscape, there has never been a better time to come together to share insights.
Register now to guarantee your place. Attendance is free of charge for members of the SWIFT community.
I look forward to welcoming you all on 12 March 2018.
Managing Director, Asia Pacific