Event Details

Falling global commodity prices and economic slowdowns in several major economies weighed on Indonesia's external sector in 2023. However, the outlook going into 2024 is supported by our expectation of an increase in government spending. Ahead of the general elections in February 2024, fiscal policy was loosened as the incumbent administration undertook populist spending measures and offereds fiscal incentives, which will directly and indirectly (through a multiplier effect on private consumption) contribute to real GDP growth.


Indonesia is the sixth-biggest emerging market by GDP, and in the past decade has grown faster than any other $1trn-plus economy bar China and India. A source of dynamism is digital services, which are helping create a more integrated consumer market, with over 100m people collectively spending $80bn a year on everything from e-payments to apps for on-demand trucking.


Its location, size and resources make it a key theatre in the superpower contest. Reflecting a tradition of non-alignment that goes back to the 1950s, it wants to be neutral, and has successfully done so.


Indonesia's general election was held on February 14th. Although official results will be announced in March, preliminary counting of the votes suggest that the incumbent defence minister, Prabowo Subianto, will secure the presidency in the first round of voting itself. Joko Widodo (Jokowi) will remain the caretaker president until October 2024 when the new president will be sworn in.


What will the new administration look like? Will Prabowo, as most people expect, continue the policy direction from the Jokowi administration? What new features will he put on it? We will discuss:

  • Economic and political outlook for Indonesia
  • Business environment
  • Foreign relations and trade
  • Domestic consumption
  • Industry spotlight

Please note that this event is limited to senior-level executives and per invitation only. If you are not an existing member of Economist Intelligence Corporate Network, but would like to learn how you can attend our events, please send an email to eicn_sea@economist.com.

Agenda

8:00 AM - 8:30 AM
Doors open and registration
8:30 AM - 9:00 AM
Opening presentation
9:00 AM - 9:45 AM
Panel discussion
9:45 AM - 10:00 AM
Q&A

Speakers

  • Noudhy Valdryno (Digital Media Coordinator, Prabowo-Gibran's National Campaign Team (Tim Kampanye Nasional))

    Noudhy Valdryno

    Digital Media Coordinator, Prabowo-Gibran's National Campaign Team (Tim Kampanye Nasional)

    Valdryno is a senior leader in public policy, business development, and political communication.
    He is known as a solid professional and seasoned organization leader with established client
    management and communications skills. He is passionate about transforming Indonesia
    through evidence-based policy making process and digital technology. Valdryno holds a
    master’s degree from the Lee Kuan Yew School of Public Policy with full scholarship from the
    Riady foundation.

    Other Achievements:
    - Featured by SWA Magazine in 2014 as promising young Indonesian.
    - Featured by Tempo Magazine in 2014 as one of people of the year in Political Campaign
    category.

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  • Samuel Seow (Director of Aletheia Asia Consulting Pte Ltd)

    Samuel Seow

    Director of Aletheia Asia Consulting Pte Ltd

    Samuel Seow is Director of Aletheia Asia Consulting, a business and risk advisory firm with a focus on the region. With offices in both Singapore and Indonesia, Aletheia Asia advises clients including asset management firms, fund houses and private and public companies across a range of industries.

    Samuel holds a Bachelor of Laws (First Class Honours) and a Master of Laws from the Australian National University and is qualified to practice in both Singapore and Australia.

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  • Sumana Rajarethnam (Director, South-East Asia of Economist Intelligence Corporate Network)

    Sumana Rajarethnam

    Director, South-East Asia of Economist Intelligence Corporate Network

    Sumana is a senior policy professional with 17 years of experience. Having worked at several dynamic and vibrant tech firms, Sumana designs and implements policies through advocacy, strategic communication and evidence-based analysis. With a flair for writing and communication, Sumana is able to negotiate complex engagements & cultivate senior-level internal/external relationships.

    Sumana holds a Masters in Public Policy from the University of Michigan, as well as a B.A. in Political Science and Geography from UCLA.

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Venue

The Majestic Hotel

(Majestic 6 room, Level 4)
5 Jalan Sultan Hishamuddin,
50000 KL

Kuala Lumpur, Malaysia

If you have any questions please contact EICN SEA

Contact Organizer

+65 65345177

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