Indonesian builders face uphill battle in ASEAN
Bareksa • 17 Mar 2014
ASEAN construction market - (The Jakarta Post)
Indonesian construction firms, however, are not so optimistic
The Jakarta Post - The implementation of the ASEAN Economic Community (AEC) at the end of 2015 will provide huge opportunities for construction companies operating in the region to strengthen their foothold in Southeast Asia.
Indonesian construction firms, however, are not so optimistic.
In the common ASEAN market, which will have a combined gross domestic product (GDP) of US$2.1 trillion, high domestic lending costs and high taxes mean Indonesian firms will be less competitive than their ASEAN peers.