Empowering business in Southeast Asia
Ride-hailing applications are weighing a fierce battle in Indonesia to conquer its large and promising market. Competing against global and regional giants, the local application Go-Jek has found a way to seduce an important base of users and secure large funding to fuel its diversified growth in hyper-local services.
Indonesia has the largest population in Southeast Asia and one of the fastest growing economies. As financial technologies – FinTech – are becoming some of the hottest business opportunities in Indonesia, many startups and companies engage in the competition to conquer big and promising markets.
With deep-rooted ties that go back thousands of years, India and Indonesia have always been natural partners in culture, economy and politics. However, with the changing dynamics in Asia and the world, the two countries are looking to develop their exchanges and cooperation further and bring their relations to a new level.
With a growing connectivity and a large population that is extremely active online, Indonesia is one of the world’s leading countries for the use of digital technologies. Through Internet, mobile, e-commerce or social media, digital in Indonesia is a very attractive market both for its size and growth potential.
A more and more famous destination for international tourism, Indonesia has a growing number of foreign tourists arrivals, both for leisure and business. With a long average stay and high daily spending, tourists are important for many businesses in the country. These infographics dive into the details of tourism in Indonesia.
Indonesians, especially the younger generation, are becoming very fond of sweet pastries like donuts. To benefit from this shift towards more leisure and going out with friends, local and foreign companies are rushing to grab their share of the new “café culture” in the country’s large young population.
Taxes in Indonesia are comparable to other ASEAN countries and attractive to the rest of the world. With low corporate income tax and VAT, a low but progressive personal income, Indonesian taxes are business-friendly. Some tax incentives also exist to push the growth of certain key industries for the nation.
The growing number of mobile phone users in Indonesia creates a dynamic landscape of download, purchase and use of mobile applications. In this environment, app developers and marketers can benefit greatly from understanding search habits, monetization strategies and various insights on mobile consumers’ behaviors.
Indonesia has been one of the fastest growing economies of Southeast Asia for several years, and so it remains in 2015. Other positive results in poverty reduction, governance and abundant natural resources compensate certain negative aspects in Indonesia and challenges to apprehend in several key sectors.
Companies in Indonesia are poised to benefit from the country’s high potential for growth in the coming years. They will however have to face challenges to attract and keep the right staff. To help recruiters and HR professionals succeed in this task, this study by LinkedIn provides valuable insights on the mindsets of workers in Indonesia.