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View all search resultsExperts say that the ongoing health crisis has only aggravated the multifaceted issues that had been undermining development and productivity of Indonesia's textile and garment industry over the past decade.
Indonesian frozen horticultural product prices were 40 percent higher than those from neighboring countries like Thailand and Vietnam, because of high production costs and small production scale.
The IMD World Digital Competitiveness Ranking 2018 study shows the disconsolate picture that most countries in Southeast Asia have witnessed a relative drop in the ranking of overall and digital competitiveness. Worse, dropping three ranks to 62nd in the overall digital ranking, Indonesia is the lowest ranking country in the region.
Indonesia’s ranking in the World Economic Forum’s global competitiveness index dropped five places in 2019 to 50th out of 141 economies, while Singapore takes over the United States as the world’s most competitive country.
Many consider the Labor Law to be one of the factors dragging down the country’s competitiveness, as high severance pay requirements and high wage requirements have discouraged labor-intensive, smaller enterprises from investing in the country.
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