50% of Indonesia's population is under 29, Jakarta has twice as many active SIM cards as its population, and only 2% of Indonesia's geothermal resources have been tapped. These are a few of the facts I picked during my recent visit to Jakarta to attend the Overseas Private Investment Corporation's 7th International Conference. The meeting was an outgrowth of President Obama’s November 2010 visit to Indonesia. AICC signed up as a supporting organization and I chaired a panel on information technology.
Indonesia's need for infrastructure was a common theme that threaded its way through almost every panel. Some of the ideas that Allan Harari and I set out in a recent Op Ed piece seemed to resonate with several of the senior economic Ministers as well as leaders from the business community (KADIN) who attended.
President Susilo Bambang Yudhoyono gave an excellent keynote address that I encourage you to read and circulate. Click here to download it.
To read my summary of the 6 panel discussions as well as a meeting I attended with several key economic ministers, click here. It contains many useful facts and trends.
Friday, May 20, 2011
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