Indonesian Business Council

What Indonesian Business Council does

Indonesian Business Council (IBC) is a Jakarta-based, private, membership-based business association and policy research organization established in February 2023. It convenes CEOs and private-sector industry leaders from 30+ leading Indonesian and multinational enterprises to develop research-based policy recommendations aimed at improving Indonesia's economic competitiveness and welfare. Recurring engagement with the Coordinating Minister for Economic Affairs (Airlangga Hartarto) and direct advocacy with the Ministry of Investment/BKPM position IBC as a consensus private-sector channel into Indonesian policy-making.

IBC's product portfolio centers on research, intelligence, and convening rather than software. It includes the IBC Navigator intelligence platform (navigator.ibc-institute.id) positioning itself as a strategic compass for Indonesia's public and private sector, the IBC Institute research arm, the annual Indonesia Economic Summit (2026 edition held 3–4 February at Shangri-La Hotel Jakarta), and the IBC Business Outlook annual publication (2026 titled "Inflection: Breaking the Growth Plateau"). It has also stood up a dedicated energy-transition research program — the Masa Depan Energi (MDE) initiative with IIASA, WRI Indonesia, and Katadata Insight Center — and is now publishing recurring policy briefs on SEZs with the Singapore Business Federation and Deloitte, on regional fuel stockpiling with ERIA, and on Indonesia-Canada CEPA business gains with CABC.

Revenue mechanics are membership-dues-driven, with a horizontal segmentation targeting senior leadership (CEOs, CXOs) of large enterprises across energy, manufacturing, finance, and trade. Distribution is community-led: direct Member Meetings, Panel of Expert sessions, IBC Talks, flagship summits, and international engagement through partnerships with business councils in Canada, Japan, Australia, and Singapore, plus participation in the Nikkei Forum Future of Asia and ASEAN-Indo-Pacific Forum. Governance is member-driven through a Board of Trustees (Chair: Arsjad Rasjid) and is led operationally by CEO Sofyan Djalil, with a Chief Economist and a small principal-and-analyst policy bench.

Name

Indonesian Business Council

Legal name

Indonesian Business Council

Website

https://business-council.id

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Indonesian Business Council is a Jakarta-based membership association that convenes CEOs and senior leaders from 30+ leading Indonesian and multinational enterprises to produce research-based policy recommendations and conduct advocacy aimed at elevating Indonesia's economic competitiveness.

Ownership category

akta.pro rank

Product category

Business Association Services

NAICS

Professional Organizations (813920), Convention and Trade Show Organizers (56192)

SIC

Services-Membership Organizations (8600), Services-Management Services (8741)

akta.pro primary industry

Association & Society Conference Management (Nonprofit, Professional Bodies) (THAHACAA)

akta.pro secondary industries

Economic Development & Business Licensing (Local) (BPAIACAN), Governance & Board Effectiveness Advisory (BPAHAFAC), Technical Committees, Working Groups & Expert Panels (BPADANAB)

Keywords

• Policy advocacy services
• Business association membership
• Economic research publications
• Policy advisory services
• Business networking events

Headquarters

HQ city

Dki Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Membership dues: IBC is funded through membership dues from its 30+ member companies, which are leading Indonesian and multinational enterprises united under a common voice for economic policy reform.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Indonesian Business Council is a membership-based business association and policy think tank that convenes CEOs and private-sector industry leaders in Indonesia to elevate the country's economic competitiveness and welfare. It delivers research-based policy recommendations, conducts policy advocacy with senior government officials, publishes the IBC Business Outlook and IBC Navigator intelligence platform, and convenes flagship events including the annual Indonesia Economic Summit and IBC Talks.

Product overview

Indonesian Business Council (IBC) is a business association, not a technology product company. It offers a portfolio of research, policy advocacy, and event-based services including IBC Navigator (intelligence platform), IBC Institute (research initiative), the annual Indonesia Economic Summit, and IBC Business Outlook publications. These services work together to provide Indonesian business leaders with strategic intelligence, policy recommendations, and networking opportunities to advance Indonesia's economic competitiveness.

Differentiator

Problem solved

Functional benefit

Products and services

• IBC Navigator Intelligence and strategic compass platform providing research-based strategic insights on Indonesia's economic policy landscape for the public and private sector. Targeted at policymakers, member companies, and business leaders seeking evidence-based economic analysis.
• IBC Institute Research initiative under Indonesian Business Council focused on translating research into impact and supporting evidence-based policy advocacy for Indonesia's economic reform agenda.
• Indonesia Economic Summit (IES) Annual flagship summit convening business leaders and policymakers to discuss Indonesia's economic priorities. The Indonesia Economic Summit 2026 was held 3–4 February 2026 at Shangri-La Hotel Jakarta.
• IBC Business Outlook Annual research publication providing business outlook and economic analysis for Indonesian business leaders. The IBC Business Outlook 2026 edition is titled 'Inflection: Breaking the Growth Plateau'.

Quantifiable outcome

• MoU signed with Canada-ASEAN Business Council to strengthen Indonesia-Canada business cooperation, with focus on CEPA implementation, critical minerals, clean energy, food security, and EV ecosystem.
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered core and minor.

• Singapore Business Federation (SBF)coreStrategic or Co-development Partner · 23 June 2026IBC and SBF are jointly preparing a policy brief on Special Economic Zones (SEZs) implementation and development. IBC and Deloitte are collaborating on this initiative, which includes recommendations for technical policy reforms and assessment of economic and social benefits of SEZ development, targeting consideration at the Indonesia-Singapore Leaders' Retreat 2026.
• Deloitte Southeast AsiacoreImplementation/ SI/ Consulting Partner · 23 June 2026Deloitte, also an IBC member, is jointly preparing a policy brief on Special Economic Zones development with IBC and Singapore Business Federation. The document will include recommendations for technical policy reforms and assessment of broader economic and social benefits of SEZ development.
• Canada-ASEAN Business Council (CABC)coreStrategic or Co-development Partner · 22 June 2026IBC and CABC signed an MoU to strengthen business cooperation between Indonesia and Canada. The partnership focuses on commerce, trade and investment promotion, including information exchange, business missions, trade fairs, conferences, and visits by business leaders. Priority areas include two-way trade and investment under CEPA, critical minerals, clean energy, food security, and the electric vehicle ecosystem.
• Economic Research Institute for ASEAN and East Asia (ERIA)coreStrategic or Co-development Partner · 17 June 2026IBC is collaborating with ERIA to establish a business-led platform supporting the development and implementation of a regional fuel stockpiling initiative for ASEAN energy resilience. This partnership brings together key stakeholders from industry, government, and research institutions to foster practical cooperation on energy security.
• Masa Depan Energi (MDE) Initiative PartnerscoreStrategic or Co-development Partner · 3 October 2023MDE is a collaboration initiated by International Institute for Applied Systems Analysis (IIASA), Katadata Insight Center (KIC), World Resources Institute (WRI) Indonesia, and Indonesian Business Council (IBC). The project aims to popularize in-depth analysis of various energy transition scenarios for Indonesia, including Net-Zero Emission scenarios, to mitigate fair and equitable climate challenges.
• International Institute for Applied Systems Analysis (IIASA)coreStrategic or Co-development PartnerIIASA is a key partner in the Masa Depan Energi (MDE) initiative, contributing systems analysis expertise for Indonesia's energy transition scenarios and Net-Zero Emission pathway analysis.
• World Resources Institute (WRI) IndonesiacoreStrategic or Co-development PartnerWRI Indonesia is a partner in the Masa Depan Energi (MDE) initiative, contributing environmental and climate expertise for Indonesia's decarbonization analysis.
• Katadata Insight Center (KIC)coreStrategic or Co-development PartnerKIC is a partner in the Masa Depan Energi (MDE) initiative, contributing research and communication expertise for Indonesia's energy transition analysis.
• Government of IndonesiacoreOthersIBC conducts regular policy advocacy meetings with the Coordinating Minister for Economic Affairs (Airlangga Hartarto), engages with the Ministry of Investment/BKPM, and collaborates with government agencies on economic policy reform.
• Embassy of the Republic of Indonesia in Tokyo (KBRI Tokyo)coreStrategic or Co-development PartnerIBC, together with KBRI Tokyo, convened the IBC Lunch Dialogue on 'Indonesia and Japan: Co-Creating Economic Resilience in Time of Global Crisis.' The dialogue brought together Indonesian and Japanese stakeholders from government, think tanks, financial institutions, and business communities to strengthen cooperation on energy security and human talent mobility.
• Japan Government and Parliamentary LeaguecoreOthersIBC engaged with Japan's former Prime Minister Fumio Kishida, former Minister of Economy, Trade and Industry Saito Ken, and members of the Asia Zero Emission Community (AZEC) Parliamentary League to discuss regional energy resilience and POWERR Asia initiative.
• Bain & CompanyminorStrategic or Co-development PartnerBain & Company partnered with IBC on the 'Private Equity Lessons for Indonesian CEOs and Corporates' forum, exploring Indonesia's growth opportunities through private equity. Suvir Varma and Soegeng Wibowo from Bain shared insights on global private equity trends and deployment of over $4 trillion in global dry powder.
• Australian Government and Counterpart OrganizationscoreOthersIBC is supporting a policy reform agenda with Australian partners through a dedicated task force focused on Improving Indonesia Regulatory Quality Partnership and Debottlenecking Agricultural Trade, strengthening implementation of IA-CEPA.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• EU-ASEAN Business Council: European counterpart to IBC's bilateral Asia/Canada work. It operates in the same enterprise-convening and trade-policy space and competes for share-of-voice on ASEAN investment and sustainability agendas.
• International Chamber of Commerce (ICC): The world's largest business-association network and a long-standing incumbent in global trade and investment policy. ICC is a broad peer in representing enterprise interests to governments and international institutions.
• Nippon Keidanren (Japan Business Federation): Japan's apex business federation and the type of large incumbent IBC engages with via KBRI Tokyo and AZEC dialogues. Keidanren is a comparable (but far larger) model of CEO-led economic policy advocacy.
• US-ASEAN Business Council: The leading US business association for ASEAN engagement. It is a broader incumbent in the same policy-advocacy and trade-promotion niche as IBC, with a longer operating history and a larger enterprise member roster.

Direct peers

• Asosiasi Pengusaha Indonesia (APINDO): Indonesian Employers Association representing private-sector employers on labour, investment, and economic policy. APINDO overlaps with IBC's enterprise advocacy mandate, particularly on investment climate and regulatory reform.
• Canada-ASEAN Business Council (CABC): The business council that signed a 2026 MoU with IBC to operationalise the Indonesia-Canada CEPA. CABC is a direct international peer in CEPA-driven trade and investment promotion and shares IBC's CEO-convening model.
• Kamar Dagang dan Industri Indonesia (KADIN): Indonesia's national chamber of commerce and industry, the statutory-backed apex business association. KADIN is IBC's most direct domestic peer, competing for the same enterprise members and government access.
• Singapore Business Federation (SBF): Singapore's apex business federation and a formal IBC partner. SBF is a direct international peer in convening CEOs, producing policy briefs (e.g., the joint SEZ paper with Deloitte), and driving bilateral economic engagement.

Emerging players

• Centre for Strategic and International Studies (CSIS) Indonesia: Jakarta-based policy think tank producing Indonesia-focused research and policy recommendations. CSIS is an adjacent peer in the same research-to-policy ecosystem, though more academic and less member-driven than IBC.

Regional players

• ASEAN Business Advisory Council (ASEAN-BAC): The official private-sector advisory body to ASEAN leaders, with national chapters across member states. ASEAN-BAC is a regional peer in channelling business inputs into regional economic policymaking.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/ibc_council
• Facebookfacebook.com/businescouncil.id
• LinkedInlinkedin.com/company/idbusinesscouncil

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Indonesian Business Council