Global Scans · Indonesia · Weekly Summary

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WHAT'S NEXT?: Indonesia's GDP is forecast to grow at 5% a year over 2016-2020, supported by strong growth in consumer demand and infrastructure investment. She is likely to be among the star economic performers for at least the next decade but at the same time faces great challenges to overcome past political and social issues.

• [New] Indonesia's digital economy grew to US$ 82 billion in 2023 and is expected to exceed US$ 110 billion by 2025, supported by more than 80% digital payment adoption and fintech lending that surpassed US$ 10 billion in 2024. ASEAN Business News
• [New] Indonesia is preparing to mandate a nationwide switch to its B50 biodiesel blending mandate in the second half of 2026, in a bid to completely eliminate diesel imports, currently trending around 45,000 b/d, and have 50% of its middle distillate produced from palm oil. oilprice.com
• [New] Indonesian exporters of palm derivatives, seafood, and processed foods will improve price competitiveness in Canada as tariffs are reduced. ASEAN Business News
• [New] When implemented, Canada will remove tariffs on more than 95% of its current exports to Indonesia, while Indonesia will liberalize a substantial share of its imports from Canada. ASEAN Business News
• [New] The expansion of BRICS to include countries with large economies like Indonesia or sophisticated offshore financial centers such as the UAE opens up additional opportunities for users of the BRICS payment system. GIS Reports
• [New] Mambu will enable the continued rollout of innovative financial products over the next five years at speed and scale, including additional deposits and loan offerings tailored to Indonesia's digital-native consumers. FinExtra
• [New] Indonesia currently has a better opportunity to obtain cooperation or transactions for certain commodities at more competitive prices, such as the potential purchase of Russian crude oil at more affordable prices due to the Western embargo, which could reduce the burden of national energy subsidies. Valdai Club
• [New] Indonesia has committed to reaching net-zero emissions by 2060 or sooner. Antara
• [New] Jakarta - Indonesia is positioning itself as a global climate leader by framing the climate crisis not only as a pressing challenge but as a strategic opportunity for sustainable development and international cooperation. Antara
• [New] Technology roles are projected to see the largest salary hikes in Vietnam and Indonesia, while consulting and business services are expected to top the list in Malaysia. Insurance Business
• [New] The kind of opportunities the NRx technocrats like Thiel and Andreessen are ultimately targetting include many master-planned city projects such as Saudi Arabia's King Abdullah Economic City, Egypt's New Administrative Capital, and Indonesia's new capital in the East Kalimantan province. Unlimited Hangout
• [New] The five largest economies in ASEAN - Indonesia, Malaysia, the Philippines, Singapore, and Thailand - are expected to grow at 4.6% in 2025 and 4.5% in 2026, significantly slower than 2024. null
• [New] Total palm oil use in Indonesia in 2025 is expected to reach a record high of 23.1 million tonnes, more than three times the average for the past 10 years. CSPO Watch
• [New] Indonesia will ramp up its palm oil productivity to meet the demand for the so-called biodiesel program. CSPO Watch
• [New] Indonesia will have tariff-free access to EU markets for around 80% of its exports, including palm oil, textiles and footwear. CSPO Watch
• [New] In 2030, annual geothermal capacity additions are expected to reach a historic high, triple the 2024 increase, driven by growth in the United States, Indonesia, Japan, Turkey, Kenya and the Philippines. IEA
• [New] Indonesia and the Philippines are expected to see above-average growth, at 5.9% and 5.2%, respectively. Insurance Business
• [New] Palm oil climbed after Indonesia made steps toward expanding its biofuel blending program, which will likely tighten supply. ADM Investor Services
• [New] Indonesia aims to make B50 mandatory in 2026, but it was unlikely to happen in January, a senior energy ministry official said in August. ADM Investor Services
• [New] Indonesia is looking to end incentives for imported, completely built-up BEVs, starting in 2026. Autovista24

Last updated: 20 October 2025