Japanese equities firm Nomura has released a glowing report on Indonesia through its local subsidiary there, saying “this country cannot be ignored.” Its abundant natural resources, young and large population, and decade of reforms are all factors contributing to Indonesia’s current and future prosperity.

It was Nomura Indonesia’s first research report, and the company is interested in setting up a Jakarta brokerage to capitalize on a country which “finds itself in the tail winds of some of the world’s most dynamics economies” and also expressed confidence Indonesia would attain investment-grade sovereign debt rating by the end of this year.

There were the oft-repeated calls for more spending on infrastructure and further reforms to attract investment. The report listed 10 points or ‘development signals’ which needed to happen for Indonesia to reach 8% economic growth, which included opening the service sector to foreigners, passing a land acquisition reform bill, further eradicating corruption and developing the financial sector.

source & article: the Jakarta Globe