What does this mean for IP? Its a mixed picture. Much of Indonesia's investment goes into resources, but well over of its USD 850 Bn GDP is domestic demand. That means increasing interest from businesses. Indonesia has the largest pharma market in SE Asia. Manufacturing is growing to feed local demand and as more manufacturers see it as an alternative to China. Consumer goods companies see a booming middle class.
IP Komodo reported here on how weak local R&D is and how few patents result. But patents filings are up year on year, says the IPO - see chart right. That can only mean one thing, that more foreign technology companies are filing in Indonesia as it represents a manufacturing base or a market for their goods.