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Indonesia to Open Up Transport Sector

(Mike King  – Lloyd’s Loading List )

The new Indonesian government headed by President Joko Widodo has pledged to make it easier for private investors to secure stakes in the country’s under-funded transport sector.

Indonesia is rich in natural resources, offers a huge labour pool and domestic market of consumers as well as favourable demographics for many types of manufacturing. But decrepit transport and energy infrastructure, investment laws that favour domestic companies, and institutionalised corruption have prevented the world’s fourth most populous country from attracting the foreign capital and expertise most experts agree it needs to accelerate economic growth.  Read more here.