The economy of Indonesia is a mixed economy with dirigiste characteristics,and it is one of the emerging market economies in the world and the largest in Southeast Asia. As an upper-middle income country and member of the G20,Indonesia is classified as a newly industrialized country. Estimated at over 21 quadrillion rupiah in 2023,it is the 16th largest economy in the world by nominal GDP and the 7th largest in terms of GDP (PPP). Indonesia's internet economy reached US$77 billion in 2022,and is expected to cross the US$130 billion mark by 2025. Indonesia depends on the domestic market and government budget spending and its ownership of state-owned enterprises. The administration of prices of a range of basic goods also plays a significant role in Indonesia's market economy. However,since the 1990s,the majority of the economy has been controlled by individual Indonesians and foreign companies.
PT Bank Mandiri (Persero) Tbk or Bank Mandiri,headquartered in Jakarta,is the largest bank in Indonesia in terms of assets,loans and deposits. Total assets as of 2022,were 1.992 Trillion rupiah. As of 2022,Bank Mandiri is the largest bank in Indonesia by total assets.
The Jakarta metropolitan area or Greater Jakarta,known locally as Jabodetabekpunjur is the most populous megapolitan area in Indonesia. It includes the national capital as well as five satellite cities and three complete regencies. The original term "Jabotabek" dated from the late 1970s and was revised to "Jabodetabek" in 1999 when "De" was inserted into the name following its formation. The term "Jabodetabekjur" or "Jabodetabekpunjur" was legalised on the Presidential Regulation Number 54 of 2008,and then the name "Jabodetabekpunjur" is officially used.
Sinar Mas is one of the largest conglomerates in Indonesia. It was formed in 1938. It has numerous subsidiaries including Asia Pulp &Paper and palm oil producer PT SMART. The company also acquired Berau Coal Energy from Asia Resource Minerals PLC,a major mining group founded by Nathaniel Rothschild,in a takeover initiated by Fuganto Widjaja.
The Jakarta Monorail was a cancelled monorail network project in Jakarta,Indonesia. If completed,it would have comprised two lines,totalling up to 29 km (18 mi).
Asia Resource Minerals was a mining company listed on the London Stock Exchange.
PT Pertamina (Persero) is an Indonesian state-owned oil and natural gas corporation,located in Jakarta. It was created in August 1968 by the merger of Pertamin (established 1961) and Permina (established in 1957). In 2020,the firm was the third-largest crude oil producer in Indonesia behind US-based companies ExxonMobil's Mobil Cepu Ltd and Chevron Pacific Indonesia. According to the 2020 Fortune Global 500 list. Pertamina is the largest company in Indonesia.
Nathaniel Philip Victor James Rothschild,5th Baron Rothschild,is a British-born financier who settled in Switzerland and is a member of the Rothschild family. He is the chairman of Volex plc,a UK-listed manufacturer. He has a wide range of international business interests.
PT Bumi Laut Shipping Corp.,also known as Bumi Laut Group,is a long-established shipping company in Indonesia. The company's headquarters are located in Jakarta,and it operates offices across the country. The Bumi Laut Group manages a diverse portfolio of wholly owned enterprises,encompassing shipping,logistics,transportation,infrastructure,agriculture,resource-based industries,financial advisory,and investments.
PRIMA is one of the interbank networks in Indonesia. PRIMA is owned by PT Rintis Sejahtera. PT Rintis Sejahtera is a Satellite Communication services provider that transmitting digital information within the region and around the world. Before the creation of ATM PRIMA,this network was known as ATM BCA network that worked as the ATM network for Bank Central Asia.
Sandiaga Salahuddin Uno is an Indonesian businessman,investor and politician who is the Minister of Tourism and Creative Economy,and was the Deputy Governor of Jakarta. He was elected along with Anies Baswedan in the 2017 Jakarta gubernatorial election after defeating incumbent pair Basuki Tjahaja Purnama and Djarot Saiful Hidayat. He resigned the office to run as Prabowo Subianto's running mate for the 2019 Indonesian presidential election.
Erick Thohir is an Indonesian businessman and politician who has served as Indonesia's Minister of State Owned Enterprises since 2019 and chairman of Football Association of Indonesia since 2023. He is the founder of Mahaka Group,a conglomeration that focuses on media,sports and entertainment. Globally known as the former owner and chairman of Italian football giant Inter Milan and US soccer club D.C. United,Thohir is currently co-owner alongside Anindya Bakrie of English League One team Oxford United and Liga 1 team Persis Solo along with Kaesang Pangarep,the youngest son of President Joko Widodo. He was also the president director of ANTV television station and the chief of the Indonesian Olympic Committee. In 2019,he became a member of the International Olympic Committee (IOC). Thohir is also currently a member of the FIBA Central Board.
BSD City,formerly referred to Bumi Serpong Damai is a planned community located within Greater Jakarta in Indonesia. The project was initiated in 1984 by a group of private developers and started in 1989. The town is currently managed by the holding company PT Bumi Serpong Damai Tbk,which is owned by Sinar Mas Land,a subsidiary of the Sinar Mas Group,a large industrial conglomerate in Indonesia. BSD City encompasses a total area of approximately 6,000 hectares,hosting a range of residential houses,apartments,malls,offices,and more. Most of the residential areas are designed to be suitable for Indonesia's upper-middle class,in gated neighbourhoods,each with different themes. The city is now a self-sustaining community,with businesses,schools,shopping malls,hospitals and hotels.
The Bakrie Group is an Indonesian conglomerate founded by Achmad Bakrie in 1942. It has interests across various industries including mining,oil and gas,property development,infrastructure,plantations,media and telecommunications. The group is one of the largest business groups in Indonesia,with 10 companies listed on the Indonesia Stock Exchange.
PT Mahaka Media Tbk,traded as Mahaka X since 2022,formerly known as Abdi Bangsa,is an Indonesian media and entertainment company founded by Erick Thohir. The group owns and operated printed newspaper and magazines,and regional free to air television and radio broadcasting.
Bambang Hary Iswanto Tanoesoedibjo,usually shortened to Hary Tanoesoedibjo or just Hary Tanoe,is an Indonesian businessman and politician. He is the President Director of PT MNC Investama Tbk,which he founded in 2009. As the chairman,he oversees the holding company and its subsidiaries,including a media giant Media Nusantara Citra (MNC). He is the leader of the Perindo Party.
PT Berau Coal Energy Tbk is Indonesia's fifth largest coal producer.
The Jabodebek LRT or Greater Jakarta LRT is a light rapid transit system in Greater Jakarta,the capital city of Indonesia,as well as the adjacent areas of West Java,within the Jakarta Metropolitan area. It was implemented by the central government,and operated by Kereta Api Indonesia (KAI),the system connects the Jakarta city center with suburbs in Greater Jakarta such as Bogor,Depok and Bekasi,hence its acronym Jabodebek.
The Indonesian Chamber of Commerce and Industry or KADIN is an association of business organisations in Indonesia. Members of this organisation consist of entrepreneurs or a combination of national businesses from various sectors,both private-owned enterprises,cooperatives and government-owned enterprises. Kadin is headquartered in Jakarta,but it functions in coordinating,consultation and cooperation of chambers of commerce throughout Indonesia.
Arsjad Rasjid is an Indonesian businessman who is president director of the mining and energy firm Indika Energy. He also serves as commissioner in several other companies,and is currently chairman of the Indonesian Chamber of Commerce and Industry for the 2021–2026 term. In September 2023,he was appointed as chairman of the 2024 presidential bid of Ganjar Pranowo.
Indonesia