Center of Reform on Economics Indonesia

What Center of Reform on Economics Indonesia does

CORE Indonesia (Center of Reform on Economics, legally Yayasan CORE Indonesia) is an independent Indonesian economic think-tank founded in 2012 and headquartered in South Jakarta. It conducts research and consulting in economics, industry, trade, regional development, and public policy, serving primarily national and regional government bodies — including Bappenas, the Ministry of Finance, the Local Government of Bandung, and the East Java provincial government — alongside business associations such as KADIN, NGOs, academics, and media organizations. Named deliverables on its website range across three families: regular publications and events (CORE Economic Outlook, CORE Quarterly Review, CORE Riset, Books, Public Lecture, Group Discussion, Media Discussion), primary research (Macroeconomic Analysis, Thematic Studies), and consultancy services (Sectoral Studies, Regional Economics, Public Sector Budget Consulting for APBN/APBD, and Strategic Communication). The organization monetizes through fee-based consulting engagements, publication sales and downloads, and donor-funded training programs executed in partnership with international institutions such as UNEP, TARA, the Asian Development Bank, and Viriya ENB.

The operating model is sales-led and direct-relationship: engagements are procured through the corporate website, with pricing negotiated by scope rather than published publicly. There is no proprietary software product, API, or technology platform underpinning the offering; delivery rests on a small bench of in-house economists and researchers and on co-developed research outputs with international partners. Distribution of insights is amplified through a multi-channel footprint — the corporate website, an active presence on Twitter, Instagram, Facebook, YouTube, and LinkedIn, and events such as the Youth Economic Summit co-organized with Suara.com — which extends the firm's public reach well beyond its 11-50 employees.

Financially, CORE Indonesia operates as an Indonesian nonprofit foundation under Yayasan structure; revenue is not publicly disclosed, no funding rounds, investors, parent entities, or M&A activity are reported, and the entity is private with no public listing. The principal assets underlying its market position are its brand as an independent policy voice, its accumulated content library of outlook reports, quarterly reviews, and books, and its institutional access to senior Indonesian policymakers.

Name

Center of Reform on Economics Indonesia

Legal name

Yayasan CORE Indonesia

Website

https://coreindonesia.org

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

CORE Indonesia is an independent economic think-tank in Jakarta that provides macroeconomic analysis, policy research, and consulting services to government bodies, regional administrations, business associations, NGOs, academics, and media across Indonesia.

Ownership category

akta.pro rank

Product category

Economic Policy Research and Consulting

NAICS

Other Scientific and Technical Consulting Services (54169), Management, Scientific, and Technical Consulting Services (5416), Professional, Scientific, and Technical Services (541)

SIC

Services-Business Services, Nec (7389)

akta.pro primary industry

Think Tanks, Policy Research & Public Policy Institutes (BPAGAFAO)

akta.pro secondary industries

Economic Research, Statistics & Policy Advisory (BPADAMAJ), Education Policy Research Institutes & Think Tanks (EDADADAA)

Keywords

• Economic policy research
• Macroeconomic analysis
• Public policy consulting
• Sectoral economic studies
• Fiscal policy advisory

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Consulting Services: CORE Indonesia generates revenue through economic consulting and advisory services provided to government bodies, businesses, and NGOs. Services include macroeconomic analysis, sectoral studies, regional economics research, and public sector budget consulting.
2. Publications and Reports: Revenue from selling publications including books, research reports, policy papers, and economic outlook reports such as the CORE Economic Outlook annual publication.
3. Training and Events: Income from organizing seminars, workshops, group discussions, media discussions, and training programs on economic issues for various stakeholders.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

CORE Indonesia is an independent think-tank providing economic research, policy analysis, and consulting services. It produces publications including the annual CORE Economic Outlook, CORE Quarterly Review, thematic studies, and books, and delivers consulting services spanning macroeconomic analysis, sectoral and regional economic studies, public sector budget consulting, and strategic communication. Offerings are sold to government bodies, businesses, NGOs, academics, and media in Indonesia.

Product overview

CORE Indonesia (Center of Reform on Economics) is an independent think-tank providing economic research, analysis, and consulting services. The organization offers a portfolio of research publications (CORE Economic Outlook annual reports, Quarterly Reviews, thematic studies, and books), regular public engagement events (Public Lectures, Group Discussions, Media Discussions), primary research services (Macroeconomic Analysis, Thematic Studies), and consultancy services (Sectoral Studies, Regional Economics, Public Sector Budget Consulting, Strategic Communication). The offerings form an integrated suite of economic intelligence services for government bodies, businesses, NGOs, academics, and media.

Differentiator

Problem solved

Functional benefit

Brands

• CORE Economic Outlook: Annual economic outlook publication providing analysis and forecasts for Indonesia's economic trajectory.
• CORE Quarterly Review
• CORE Riset (Research)
• Youth Economic Summit
• Ruang Gagasan
• CORE Media Discussion
• CORE Public Lecture
• CORE Group Discussion

Products and services

• CORE Economic Outlook

Quantifiable outcome

• Trusted by Ministry of Finance and Bappenas for policy analysis
• +1 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Youth Economic Summit (with Suara.com)coreStrategic or Co-development PartnerCORE Indonesia co-organizes the annual Youth Economic Summit with Suara.com to promote youth participation in economic discussions and policy advocacy, focusing on digital economy and green economy themes.
• Urban Culture Lab of TCU JapanminorStrategic or Co-development PartnerCollaboration on 'Ruang Gagasan Culture Meets Market' discussion series exploring cultural and economic intersections.
• Viriya ENBcoreStrategic or Co-development PartnerCollaborative research partnership on environmental policy including studies on Euro emission standards adoption and coal power plant retirement impacts in Indonesia.
• UNEP (United Nations Environment Programme)coreStrategic or Co-development PartnerInternational development partner supporting CORE Indonesia's research initiatives on environmental and economic policy.
• TARAcoreStrategic or Co-development PartnerDevelopment partner collaborating on economic research and policy studies.
• Asian Development Bank (ADB)coreStrategic or Co-development PartnerADB published CORE Indonesia's research paper 'Industrial Policy in Indonesia: A Global Value Chain Perspective' as part of their policy research output series.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• SMERU Research Institute: Indonesian social and economic policy research institute producing influential studies on poverty, labor, and public finance. Comparable to CORE as a domestic think-tank competing for government, donor, and NGO research mandates with overlapping policy consulting offerings.
• CSIS Jakarta (alternative handle; if same as above, treat as second-listed peer): See primary CSIS entry — listed again to emphasize the depth of overlap in domestic policy advisory work.
• INDEF (Institute for Development Economics and Finance): Indonesian economic policy think-tank delivering macroeconomic analysis, fiscal commentary, and policy recommendations. Closely comparable to CORE in target audience (government, businesses, media) and product mix (publications, seminars, consulting).
• CSIS Indonesia (Centre for Strategic and International Studies): Indonesia's largest independent policy think-tank, providing economic, political, and security policy analysis. Directly comparable to CORE as a Jakarta-based, government-facing policy research and consulting organization serving ministries and the business community.
• LPEM FEB Universitas Indonesia: University of Indonesia's economic and social research institute, conducting macroeconomic forecasting, sectoral studies, and public policy research. Comparable on economic research, forecasting, and government-facing consulting mandates.

Broad incumbents

• McKinsey Global Institute: MGI produces global economic research on productivity, growth, and structural transformation relevant to policymakers. Comparable to CORE's macroeconomic and thematic work, but operates within a global strategy consulting platform with a different business model.
• Centre for Global Development (CGD): Washington-based policy think-tank producing research on development economics, trade, and fiscal policy. Comparable to CORE as a research-driven policy institute influencing donor and government decisions on economic reform agendas.
• Oxford Economics: Global economic research and forecasting firm producing country outlooks, sectoral studies, and policy analysis. Comparable to CORE as an economic intelligence provider, but operates at much larger scale and serves multinational corporates alongside governments.

Regional players

• ISEAS-Yusof Ishak Institute: Singapore-based regional studies institute producing Southeast Asia economic and policy research. Regional peer with similar think-tank operating model and ASEAN policy focus, complementing CORE's Indonesia-centric work.

Emerging players

• World Bank Indonesia: Multilateral lender publishing flagship Indonesia economic reports, policy notes, and sectoral studies. Overlaps with CORE on macroeconomic analysis and policy advisory work, and is also a potential client/funder for CORE's consulting mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/COREIndonesia
• YouTubeyoutube.com/@COREINDONESIAOfficial
• Facebookfacebook.com/CORE.Indonesia
• LinkedInlinkedin.com/company/center-of-reform-on-economics-core-indonesia
• Instagraminstagram.com/core_indonesia

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Center of Reform on Economics Indonesia