[Last updated: 1 January 2025, unless otherwise noted]

Indonesia is characterized by strong domestic consumption that has helped it to weather the global economic slowdown. Indonesia's capital markets authority, known as the Financial Services Authority (Otoritas Jasa Keuangan or "OJK") (previously known as the Capital Market and Financial Institutions Supervisory Agency (Badan Pengawas Pasar Modal dan Lembaga Keuangan or "Bapepam-LK")), has introduced rules to strengthen its supervisory and enforcement capacity over Indonesia's capital markets and to promote sound and transparent capital markets. The OJK's actions in rearranging the regulatory framework could bolster the investment climate, particularly in the capital markets sector.