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Thu, 29 Oct 2015
Massive changes to foreign investment regulations do not bode well for Indonesia
Hot on the heels of President Jokowi's visit to the US where he referred frequently to the openness of the Indonesian economy to foreign investment, the BKPM (Indonesian Investment Coordination Board) has just made massive changes to investment regulations running to hundreds of pages.
Tue, 27 Oct 2015
Changes to manpower regulations allow for non-resident directors
Changes to Manpower regulations have just been announced (See Peraturan Menteri Ketenagakerjaan No 35 Tahun 2015) amending former regulations (Peraturan Menteri Ketenagakerjaan Nomor 16 Tahun 2015) relating to foreign workers in Indonesia.
Tue, 27 Oct 2015
Indonesia will join Trans-Pacific trade pact: Widodo
US President Barack Obama won Indonesia's endorsement for a contentious trans-Pacific trade deal on Monday, with the president of Southeast Asia's largest economy vowing to join. During a meeting with Obama at the White House, Joko Widodo risked the ire of economic nationalists at home and pledged...
Mon, 26 Oct 2015
EuroCham Criticizes Indonesia’s Investment Policy
The European Business Chamber of Commerce in Indonesia (EuroCham) has just released its position papers for 2013 highlighting its review of investment conditions in Indonesia for that year. The position papers include criticism of some of Indonesia’s investment polices and further provide...
Mon, 26 Oct 2015
Exceeding Expectations in Indonesia
Indonesian President Joko Widodo will meet U.S. President Barack Obama on Monday in his first official visit to the United States since assuming office last October. Domestic reviews of Mr. Widodo’s performance are mostly negative due to deteriorating economic fundamentals.
Mon, 26 Oct 2015
Indonesia Needs to Join TPP
When Indonesian President Joko Widodo meets Barack Obama in Washington Monday, they'll have plenty to discuss. Their agenda includes defense, climate policy, maritime cooperation and much else. Trade is there too -- and should go right to the top, because that's where both countries have most to...
Fri, 23 Oct 2015
Jokowi invites Indonesia's top startups for US visit
President Joko "Jokowi" Widodo will take along representatives from Indonesia's top startup companies on his state visit to the US next week, where his schedule includes a visit to Silicon Valley, the US' high technology and startups hub, to support the domestic startup scene.
Wed, 21 Oct 2015
Indonesia plans to scrap e-commerce from negative investment list
The Indonesian government plans to scrap e-commerce business from its negative investment list, a move that will allow foreign investors to enter this industry, a government official says. The new rule could come into effect in early 2016.
Mon, 19 Oct 2015
BKPM to Revise Negative Investment List within Six Months
The Indonesia Investment Coordinating Board (BKPM) had initiated a public discussion to revise the Negative Investment List (DNI) Friday last week. This measure is BKPM’s response to recent development in the business sector aimed at attracting more foreign investors.
Sun, 18 Oct 2015
Why foreign startups fail in Indonesia.
About author: After having worked and consulted in Indonesia for various sector of the local IT industry, this Frenchman has moved to Singapore as the co-founder of DeBuNe and COO of 25Mod (OTDocs). In my 10 years in Indonesia, I have seen enough foreign-owned startups fail both in traditional and...
Fri, 16 Oct 2015
Indonesian president to court tech giants on U.S. trip
Indonesia's president will court tech giants Apple and Google during his first trip to the United States this month, seeking investment for sustainable mining and greater internet access, a senior cabinet minister told Reuters.
Thu, 08 Oct 2015
Investment in service: Model as important as money
With the weakening of the rupiah and the economic slowdown throughout the year, investment has become a strategic area for the government to focus more on. To accelerate investment, the President has instructed a cut in all interlocking regulations that create bottlenecks in the investment pipeline.
Thu, 08 Oct 2015
Can Jokowi Deliver on Ambitious Reforms?
As the first anniversary of the newly elected government approaches, Indonesian president Jokowi is finally stamping his authority to overcome the inertia that has seemingly gripped the policy makers. The initial euphoria of the people’s president coming to power and doing the unthinkable...
Thu, 08 Oct 2015
Ten Office Boys Per Foreigner? Indonesia 'Explains' New Labor Law
Indonesia requires 10 locals to be hired per foreign worker. Non-resident foreign company directors need work permits. For companies worried about a new Indonesian law requiring 10 locals to be hired for every foreigner, the government has a workaround: stock up on drivers and “office boys” to...
Wed, 07 Oct 2015
Indonesia's small firms struggle, dealing economy another blow
Fuad Fultoni has been selling wooden furniture from Pasuruan city on the eastern side of Indonesia's Java island for 15 years: gazing out as his workers sat idly in an empty showroom, he says business has never been so bad.
Sun, 04 Oct 2015
The ABC of Indonesian infrastructure financing
Indonesia wants to lift itself to middle income status. To do so, the Ministry of National Development & Planning, Bappenas, has estimated the country needs Rp5.5 quadrillion ($385 billion) in infrastructure development between 2015 and 2019.
Thu, 01 Oct 2015
Widodo's Bulletproof Car Tires Show Indonesian Thicket of Rules
Indonesia’s new trade minister found a good example of the dangers of protectionism in an unlikely place: the armor-plated car of the country’s president. Officials had trouble bringing in the bulletproof tires needed for President Joko Widodo’s vehicle because of import restrictions passed...