Business Overview
Indonesia is a nation with large market but is still struggling the
aftermath of Asian financial crisis. Jakarta, being its capital city, forms
the main part of Indonesian economy. Being the commercial hub of the country
the city attracts thousand of immigrants every year making it the most
populated city of Indonesia and thus increasing the infrastructural
pressures.
One of the fastest growing economies in Asia, Jakarta is recognized as a
Market-based economy where the government plays a significant role. Though
the city still grapples with fragile banking sector, endemic corruption,
inadequate infrastructure and poor investment climate, but on the contrary
is rapidly becoming more strategic place for modern industries and financial
services.
The main area of economic activity in Jakarta is currently natural resource
mining as Indonesia is rich in natural resources particularly oil, gas, coal
and gold. However, many of these still remains under-exploited, but the
global demand for oil and increasing commodity prices has led to
considerable increase in the acquisition and redevelopment of these fields
and mines.
Jakarta is also a major trade and commerce center of the country as it
organizes and hosts many international expos and conventions. Therefore,
along with rapid national economic growth, the city possesses much of the
international standard business centers like Jakarta International
Exhibition Center, Kemayoran Balai Sidang Convention Center along with World
Trade Center and most of the hotels serving as important event venues.
In the financial sector of the city, Insurance companies play a crucial
role. Some state-owned insurance companies are established since the period
of Dutch administration like PT. Asuransi Jiwa Bersama Bumiputera. On the
other hand are the private insurance companies which belong to the groups of
private bank owners. Though, the city is still not fully open to foreign
businesses however, many foreign insurance companies are also running their
business successfully in Indonesia but that too under joint venture schemes
with the existing national banks or insurance companies.
Today the Government and private sector of the city are focusing on
creating jobs by improving the business and investment climate, combating
corruption, increasing competitiveness in key sectors and improving the
safety of the financial system largely through foreign assistance.
Major Business Centers
Bidakara Complex:
Located in a strategic area near Jabotabek highway, Bidakara Complex is
designed as a mixture of classic architecture and post-modern style with
advanced facilities and environment-friendly layout.
The complex includes: -
Bidarka or Bina Karna Convention Center:
The largest convention center of Jakarta known for its four main entry
accesses for the public and can accommodate 1,000 people at a time.
Bumikarsa Hotel:
Bumikarsa Hotel is a three-star plus international standard hotel suitable
for business, convention, training and accommodation. It offers 10 floors
with 117 Superior rooms, 13 deluxe rooms, 22 Junior Suites & 2 other
luxurious Suites.
Bina Sentra Training Center equipped with the latest technology.
Bidakara Office Tower with 24 floors in a total area of 28,800 m2.
Birawa Assembly Hall provided with advanced acoustic system.
Balai Sidang Jakarta Convention Center:
Another leading and prestigious Convention Hall in Jakarta, Balai Sidang
holds many government and private exhibitions.
Located in the heart of Jakartas financial district right across the
World Trade Center, the center contains two exhibition halls of over 11,000
m2 of space.
Further the venue has 17 flexible meeting rooms, 5,350 m2 Plenary Hall,
3,921 m2 Assembly Hall, 2,109 m2 Cendrawasih Room and 886 m2 Merak Room.
Situated just 30 minutes away from the international airport, the Balai
Sidang Convention Center has till now hosted numerous events from world
summit conferences, exhibitions, seminars, workshops, boardroom meetings,
product launchings, luncheons, gala dinners to pop and fashion shows.
Jakarta Stock Exchange (JSX) or Bursa Efek Jakarta (BEJ):
Originally opened in 1912 under the Dutch colonial government, the exchange
was privatized under the ownership of Jakarta Exchange Inc. on July 1992.
The two of the primary stock market indices used to measure and report
value changes are the JSX Composite and the Jakarta Islamic Index (JII). The
JII act as a benchmark in measuring market activities based on Sharia
(Islamic law) and currently there are approximately 30 corporate stocks
listed on the JII.
The Trading activities and market capitalization of the country grows
alongside the development of financial markets and private sector.
Major Commercial Areas
Jl. M.H. Thamrin Street:
Situated in the center of the city's thriving business district, the street
is dotted with number of high standard hotels and accommodations. This is
due to the fact that the street a thriving commercial activities with number
of offices, restaurants and even embassies of countries like UK, Japan &
Germany.
The street also houses the APEC Center for Technology Foresight some of the
important business centers.
Kuningan Complex:
In the heart of Golden Business Triangle of Jakarta lies a world-class
designed commercial district i.e. the Mega Kuningan Complex.
The Complex is home to major embassies, international companies and some of
the famous hotels.
Just 20 km away from the international airport, the complex is easily
accessible from all directions within Jakarta. Further the two main
expressways of Jalan Jendral Sudirman and Jalan Gatot Subroto connects the
district well with the rest of the city.
Major Manufacturing Zones
Jakarta Industrial Estate Pulogadung:
Developed and managed by PT (Persero) Jakarta Industrial Estate Pulogadung
(PT JIEP) [a State Owned Enterprise] with total area of approximately 5 km2.
The estate is the first in Indonesia providing major products and services
with Standard Factory Building (SFB), Small-Scale Industry Facilities (SSIF)
including warehouse and office space facilities.
Location: JL. Pulokambing No. 1
Jababeka: 
Located on the outskirts of Jakarta in the Bekasi area, Jababeka today has
grown into a fully integrated 2,970 hectares community with industrial,
commercial and residential elements.
The major components of the site are the Jababeka Industrial Estate (JIE),
the Cikarang Baru Kota Hijau residential community and a high technology
park. Further the Bandung Institute of Technology (ITB) and University of
Indonesia has also opened branches in Jababeka.
The most notable of Jababeka's developments is Kota Jababeka, a 3,000
hectares industrial sector. This sector is home to more than 1,235
multinational and local corporations from 23 countries (including USA, UK &
Japan) and various industries, such as Samsung Electronics, United Tractors
and Nissin Mas.
Location: Bekasi