1 min read –

Follow The Money –

Wake Up Call for

Indonesia? –

According to this infographic, Indonesia has lost 250 millionaires within a year.

Indonesia isn’t alone. Similar trends hit China, India, Vietnam, the Philippines, South Korea, and Taiwan.

Meanwhile, Singapore welcomed a net inflow of 1,600 millionaires, suggesting where the capital might be headed.

Indonesia should do more to attract capital to unlock its full economic potential.

Capital from high-net-worth individuals and foreign investments.

While Indonesia appeals to large multinationals in sectors like defense and mining, smaller firms often face unfriendly or discouraging regulations.

Lowering market entry barriers and offering tailored incentives could make Indonesia far more appealing to small and medium enterprises which are the backbone of any real economy.

After all, sustainable growth comes from a vibrant base of small and medium enterprises, not just a handful of giants.

That’s our 2 cents for today.

What do you think? Are you bullish or bearish on Indonesia’s ability to attract smart capital?

Let’s discuss, share your thoughts below.

We are CINTASIA, we bring your technology and industrial equipment to Indonesia.

PS: Want more insights like this? Explore 130+ articles at www.cintasia.com/news-insights/

Picture: Visual Capitalist