Source: Asia Insurance Review | Oct 2024Indonesia’s life insurance industry holds immense potential, fuelled by a growing middle class and rising insurance literacy.Archived articles are available to Magazine subscribers only. If you are already a subscriber To read this news arti...
Indonesia's Middle Class - Engine of Economic Growth In 2010 the World Bank noted in a report that, amid robust economic growth, around seven million Indonesians were added to the country's middle class, each year. And while the inflow into the country's middle class has been curtailed as...
Indonesia's home broadband market is ripe with potential. With a population of over 270 million people, the country’sfixed broadband market is experiencing strong year-on-year growth and is expected to continue growing from 2024 to 2031. A growing middle class and the increasing demand...
JAKARTA, Nov. 12 (Xinhua) -- A World Bank (WB) economist said on Monday that efforts to further boost middle class society was a key factor for Indonesia to expand potentialities in attaining further growth. "Boosting up middle class society would maximize national potentialities, propelling Indo...
PIP Enter fullscreen Presenter(s): As the largest economy in Southeast Asia, Indonesia has developed into a dynamic democratic country and a promising destination for foreign investment. The nation boasts a substantial domestic market and a rapidly growing middle class, presenting significant growt...
for significant growth, according to industry leaders at CruiseWorld Asia 2024. Irene Chua, vice president and group publisher, Asia, Northstar Travel Group, described Indonesia as a "sleeping giant" in her opening speech, citing the country's vast population and rapidly expandin...
Febrio said one of the reasons behind this shift in economic dominance was the growth of the middle class in Asia. In addition, the demographics also contributed positively to the shift in Asian economic domination. DCIM\100MEDIA\DJI_0287.JPG ...
Banking sector in Indonesia Indonesia’s banking sector has continuously been on the rise. The growth of the middle-class and overall population resulted in the ongoing development of the finance industry. As of January 2024, there were about1.4 thousand rural banksand106 commercial banksavailable....
ministers that natural population brings 2-3% growth and 7% is needed to formally employ the new entrants to the job market. By keeping inflation low, Indonesia’s consumers will maintain their stabilizing position. However, recent data indicating a shrinking middle class represents a troubling ...
In addition to personal devices, home appliances are also experiencing robust growth in Indonesia, driven by urbanization, rising disposable incomes, and changing lifestyles. From refrigerators and washing machines to air conditioners and vacuum cleaners, home appliances play a vital role in improving th...