The 2018 market outlook in Indonesia is highlighted with volatile currency exchange rate, yet Indonesia is still found attractive by foreign investors. Being consistent with robust economic growth as ASEAN’s largest economy, Indonesia is currently one of the key priorities for HSBC. With strong fundamentals, an average of 5% GDP growth rate, less than 3% inflation rate and public debt below 30% of GDP, Indonesia – which is considered to have a relatively stable Government administration and low political risks – Catherine Hadiman, Commercial Banking Director of PT Bank HSBC Indonesia, highlighted that Indonesia has emerged as a very attractive market with huge export and import trade potentials to become the leading economy in Southeast Asia. As a commodity-based economy, the Government’s focus on industrialization process to increase added values in the efforts to boost the economy has also supported Indonesia’s roles to become an important actor in global trade.
Furthermore, Natalie Blyth, Group General Manager - HSBC Global Head of Trade and Receivables Finance, remarked that the conditions in Indonesia are positive, the economy is growing pushing the GDP above the USD 1 trillion mark, the country is exerting increasing regional influence with exports projected to outpace the Asia-Pacific region within the next two years and with rich natural resources to drive exports in the longer term. In terms of ASEAN membership, Indonesia is currently part of the combined strength of ASEAN which is considered to be the current 7th world’s biggest economy and she projected to grow to be the 3rd in 2030.
As the world’s leading trade finance bank, HSBC aspires to be the leading International bank in Indonesia, seeking to help customers navigate the uncertain trade environment by providing solutions to optimize working capital, building a thriving trade ecosystem and assisting them in trading safely and securely with new and existing partners across the world. With an unrivalled global presence, HSBC intends to provide easy – not easier – banking experience; making global trade faster, safer, more competitive and more efficient for the customers. By redesigning all core platforms to respond to evolving needs of the customers, HSBC is committed to become a trusted partner for the customers.
Highlights on the issues related to the theme of ‘Navigating Trade in ASEAN’ was presented at a networking session on Global Trade and Receivables Finance (GTRF) featuring Natalie Blyth. Also addressing the event were Catherine Hadiman and Ali Setiawan, Head of Global Markets and HSS of PT Bank HSBC Indonesia. Ali Setiawan took the opportunity to dicuss matters on realising Indonesia’s potential and the country’s economic outlook. The session was part of the HSBC Business Luncheon held on 4 July 2018, providing insights into the current economic situation within Indonesia, the positive socioeconomic factors that will continue to make Indonesia a promising market, the future of digital trading through blockchain technology plus perspectives and insights from the financial sector.
The event, which took place at the Fairmont Hotel - Jakarta, also provided a networking forum to connect clients and customers of various industries to opportunities as well as to reinforce HSBC’s position as the world’s leading bank in GTRF and emphasizes its commitment to be the leading international bank in Indonesia.