Following a crash in valuations of high-growth companies in the past three years, the performance of businesses in Indonesia is expected to improve, according to Patrick Walujo, co-founder and managing partner of private equity major Northstar Group.
“The business environment in Indonesia, generally speaking, is very strong. The government has done a good job in the past seven years in creating an environment that is healthy for businesses,” Walujo said at a fireside chat at DealStreetAsia’s Indonesia PE-VC Summit 2023 in Jakarta on Thursday.
