BritCham Indonesia – Business Confidence Index 2020
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The British Chamber of Commerce (BritCham) Indonesia has successfully finalised its 8th annual Business Confidence Index (BCI) survey, in partnership with the European Chamber of Commerce Indonesia, in association with the EU-Indonesia Business Network (EIBN) and CastleAsia, and with Nielsen as the market research partner.
The Business Confidence Index was conceived by BritCham in 2012 as a B2B survey of British investors domiciled in Indonesia.
From this year’s BCI, there are some very encouraging insights to highlight:
- E-commerce/ online retailer, Pharmaceuticals and Food & Beverages are the top-3 sectors with the most positive outlook along with a high perception of growing opportunity.
- Despite the unprecedented pandemic, 21% of the respondents are considering to expand their business in the next 12 months. The top-3 business expansion destinations are Kalimantan (35%), East Java (22%) and Bali (20%).
- In relation to the recently released Omnibus Law Bill on Job Creation, employment and ease of doing business are viewed to positively impact businesses.
- 63% of the respondents agree that the works being done by Chambers of Commerce positively impact their business–which is a continued increase since 2017 version of BCI.
To view the full presentation of the BCI survey result please click on the link here.
To watch the recording of the BCI survey launch, click on the BritCham Indonesia Youtube channel here.
On the above, there is also the ‘Indonesia’s position on the global stage’ a podcast hosted by G&R airtime which was joined by some of the best industry and legal experts in the Indonesian market to address the opportunities available to companies to reboot their business strategy.
On this, Wellington Capital Advisory (WCA) – Ginting & Reksodiputro in association with Allen & Overy LLP, have developed a ‘Re-Boot’ process intended as a comprehensive framework that can allow any business to ‘jump-start’ for the post-COVID-19 transition. The focus is on guiding leadership teams to rapidly re-tool and right-size their operations, in the face of the continuing uncertainty and volatility.
You can listen to the podcast by clicking here.