Indonesian universities endured mixed fortunes in an annual list of the world’s leading tertiary education institutions, but in general continue to rank far behind their regional counterparts.

The University of Indonesia was still the highest-ranked Indonesian school in the recently released QS World University Rankings 2015/16, but dropped 48 spots from last year to 358th place.

The Bandung Institute of Technology (ITB) remained Indonesia’s number two representative on the list, charging up 30 spots to the 431-460 range. Muhammadiyah University in Solo, Central Java, made its debut in the latest ranking, joining a host of other schools in the 701+ band.

Six other Indonesian universities that featured in last year’s ranking made no advances this year, including Yogyakarta’s Gadjah Mada University (UGM), ranked the 551-600 range; and Airlangga University (Surabaya), Bogor Institute of Agriculture, Dipenogoro University (Semarang, Central Java), Sepuluh Nopemebr Institute of Technology (Surabaya) and Brawijaya University (Malang, East Java) all huddled in the 701+ range.

“Indonesia is one of the fastest-growing economies and populations on the planet and it needs more world-class universities and research centers to produce both the innovation and the skilled workforce necessary to compete globally,” Ben Stower, the head of research at the QS Intelligence Unit, said in a statement on Tuesday.

No Indonesian universities made the top 700 in the research citations sub-ranking, showing that more resources must be invested in developing an international research profile, the statement added.