Deal making has been running at a solid pace in Indonesia so far this year. In Q1 2023, 26 deals were recorded—a gain of 18% on the previous quarter by volume—for a total of US$2.2 billion. Value was down by 57% over the same period but almost exactly matched the market's performance in Q3 2022 and remains above pre-pandemic activity levels.
Source: Indonesia is riding strong tailwinds