Indonesia

Indonesia, the largest economy in Southeast Asia, boasts a population of about 280 million, a growing middle class, and a stable economy. Strengths also include low labor costs, abundant natural resources, and a growing tourism industry. With ambitious plans focusing on expanding renewable energy access, developing downstream industries, and improving infrastructure, Indonesia is a global powerhouse and an attractive destination for investors.

However, despite recent reforms aimed at improving regulatory efficiency and competitiveness, concerns persist regarding lack of transparency, trade protectionism, and institutional shortcomings hampering dynamic economic development. Other weaknesses include relatively high levels of poverty, vulnerability to shifts in Chinese demand, and vulnerability to natural disasters.

Source: IMF, CIA The World Factbook

UOB is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

For nearly nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with, ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to help businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.