Traditionally dependent on hydrocarbons and minerals, Indonesia’s digital economy is now booming thanks to high internet penetration and a tech-savvy population. The country’s tropical climate and enormous geothermal resources also offer compelling opportunities for early investors in carbon-free energy.
Monopolies ‘Diminished’
Indonesia endured decades of miliary dictatorship following independence from Dutch colonists. And since the fall of strongman President Suharto’s regime in 1998, the country became a democracy. This was “unthinkable in the Suharto era,” Richard Borsuk, co-author of “Liem Sioe Liong’s Salim Group: The Business Pillar of Suharto’s…