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Tue, 04 Apr 2017
Gov't spending expected to spur Indonesia's growth this year: official
A senior official at Indonesian Central Bank (BI) said on Wednesday that the nation's economy would significantly grow in the third and fourth quarters this year along with massive disbursement of government spending and conduction of regional elections scheduled later in the year.
Thu, 03 Nov 2016
Retail Business Grows as Foreign Investor Activity Increases
Foreign investors are heavily investing in the retail sector. BKPM fully supports the growth of investment in the sector based on the revision of the Negative Investment List (DNI) in 2016. This revision is expected to increase the number of foreign investments entering the country.
Fri, 28 Oct 2016
Special Team Needed to Improve Ease of Doing Business in Indonesia: Darmin
Jakarta. Indonesia needs a special team to monitor the progress of the country's ease of doing business in order to attract more foreign investment, Coordinating Minister for Economic Affairs Darmin Nasution told reporters in Jakarta, on Wednesday (25/10). "We will propose this to the president.
Thu, 25 Aug 2016
Indonesia Expects Slower Growth in Direct Investment This Year:
Official Direct investment in Indonesian firms from foreign and domestic sources is expected to grow more slowly this year, the country's investment board chief said on Tuesday (23/08), noting that Southeast Asia's largest economy had lost out to Vietnam in the regional competition to attract funds.
Tue, 09 Aug 2016
Indonesia negative investment list most restrictive: BKPM
Indonesias Negative Investment List (DNI) is the most restrictive regulation in the ASEAN system, Head of the Capital Investment Coordinating Board (BKPM) Thomas Trikasih Lembong said. "The DNIs revision effected in last February was the biggest step in the last ten years to open the country for...
Thu, 14 Jul 2016
More Australians to Invest in Bali After Revision of Negative
Investment List An unnamed investor from Australia is planning to invest Rp 10 billion ($763,000) to open a restaurant in Bali following a foreigner-friendly revision of Indonesia's negative investment list, according to the Investment Coordinating Board, or BKPM.
Tue, 28 Jun 2016
BKPM Certain Brexit Will Increase British Investment in Indonesia
The UK’s exit from the European Union (Brexit) on Thursday last week has rattled the global financial market. As stocks plummeted, sterling fell to its lowest since 1985, at 1.33 per US dollar. However, Investment Coordinating Board (BKPM) Chief Franky Sibarani is optimistic that Brexit will not...
Mon, 18 Apr 2016
Indonesia promotes investment policy reforms in Germany
The Capital Investment Coordinating Board (BKPM) promoted Indonesias investment policy reforms in a business forum in Berlin, Germany, Monday. The business forum, which was attended by 250 German investors, was held in connection with the visit of President Joko Widodo (Jokowi), who also attended...
Sun, 17 Apr 2016
BKPM invites German pharmaceutical companies to invest in Indonesia
The Investment Coordinating Board (BKPM) will invite German pharmaceutical companies to invest in Indonesia when President Joko Widodo (Jokowi) visits Germany as part of his four-European nation tour this month.
Thu, 14 Apr 2016
BKPM Supports Plan to Cut Corporate Tax
The Investment Coordinating Board (BKPM) welcomed the Ministry of Finance's plan to lower corporate tax from 25 percent to 20 percent this year. BKPM chief Franky Sibarani mentioned the policy will give positive impact to Indonesia's competitiveness.
Wed, 02 Mar 2016
Singapore, Malaysia Are Key Investment Source for Indonesia: BKPM
Indonesia's Investment Coordinating Board, known as BKPM, wants to boost investment from Southeast Asian countries this year, a senior official said. The BKPM has pointed to Singapore and Malaysia as two potential investors, with the two countries boasting the highest investment realization and...
Sat, 13 Feb 2016
Revisions Made on the 2014 Negative Investment List
Indonesia on Thursday (11/02) eased foreign investment restrictions for dozens of industries in what President Joko Widodo has described as a "Big Bang" liberalization of Southeast Asia's largest economy.
Thu, 11 Feb 2016
Indonesia opens 35 sectors to foreigners, closes 20 others
Thirty five industrial sectors have been removed from the negative investment list (DNI), while 20 others have been added. The measures are stipulated in the 10th economic policy package released on Thursday.
Wed, 10 Feb 2016
BKPM relaxes factory construction stipulations
Investors will be allowed to kick off the construction of their factories and other investment facilities without having to wait for the issuance of environmental assessment documents and construction permits under a new investment program to be launched by the Investment Coordinating Board (BKPM)...
Mon, 25 Jan 2016
New rule expected to boost investment commitments
The government hopes total investment commitments to Indonesia will surge by 50 percent after a new policy designed to open up several business sectors to foreign players is issued, according to a top official. The new policy will be made by revising the negative investment list (DNI).
Thu, 21 Jan 2016
New business areas open to foreign investment in tourism sector
The Investment Coordinating Board (BKPM) plans to open new business areas in the tourism sector for foreign investment. The plan is to allow foreign investors to wholly own shares in seven business areas in the tourism sector, BKPM Chief Franky Sibarani said here on Wednesday.
Tue, 19 Jan 2016
Indonesia’s Education Gap
Jake Thomases is a public policy analyst at the Risk Analysis Research Center. Investors in Indonesia let out a small sigh of relief when Heri Sudarmanto, the director of foreign workers, announced on October 19 that foreign workers would not be required to pass Indonesian language tests after all.
Wed, 13 Jan 2016
Indonesia Aims to Ease Foreign-Investment Rules
Indonesia—Faced with sluggish economic growth, Indonesia is working on a major revamp of foreign-investment rules that could open the door for overseas companies to take bigger stakes in domestic firms and gain a foothold in new industries.
Fri, 08 Jan 2016
Indonesia hopes ranking in doing business to be double digit
Indonesia hopes its "Ease of Doing Business" ranking would be in the double digits in 2016. "The countrys target is to ensure that its Ease of Doing Business ranking in 2016 is in double digits, as it will significantly impact the investment climate in Indonesia," head of Investment Coordinating...
Fri, 01 Jan 2016
Inside Indonesian gaming studio Touchten's Series C led by GREE
and 500 Startups Indonesia-based gaming studio Touchten announced today that it has secured a Series C round led by Japanese mobile and social firm GREE, with US-based 500 Startups as a follow-on investor. The investment amount remains undisclosed.
Fri, 01 Jan 2016
2016: Year of the Indonesian Startup
2016 will be a pivotal year for the Indonesian economy. The extended period of post-election policy chaos seems to have settled, and the worst of the policies have either been quietly put aside or amended to something within the bounds of sensible.
Mon, 14 Dec 2015
Do-Cart wins first prize at Startup Weekend Jakarta 2015
The Startup Weekend Jakarta 2015 ended on Sunday with Do-Cart getting first prize, followed by Konsaato and Future of Indonesia as runners-up. The event was held at co-working space Freeware Spaces in Kemang, South Jakarta. Organised by venture capital firm Grupara Inc.
Sat, 12 Dec 2015
Indonesian govt wants acceleration of Mandalika resort development
Vice President M. Jusuf Kalla, when inspecting preparations for the construction of four star-rated hotels in the area Saturday, asked PT Indonesian Tourism Development Corporations (ITDC) management to accelerate the development of Mandalika which is being groomed as a world class tourist resort...
Fri, 11 Dec 2015
BKPM Eyes Foreign Ownership Expansion in E-Commerce
Foreign ownership of online marketplace platforms, such as Tokopedia and motorcycle taxi app Go-Jek, is under review by the government with an eye on expansion, a top official said. Foreign ownership of online commerce companies is currently banned in Indonesia — a regulation likely to be revised...
Fri, 11 Dec 2015
Uber spread false information: Organda
Jakarta Organization of Land Transportation Owners (Organda) has countered Uber's recent official statement that Jakarta Governor Basuki "Ahok" Tjahaja Purnama had given a green light to the ride-booking company to operate in the capital.
Fri, 11 Dec 2015
Uber spread false information: Organda
Jakarta Organization of Land Transportation Owners (Organda) has countered Uber's recent official statement that Jakarta Governor Basuki "Ahok" Tjahaja Purnama had given a green light to the ride-booking company to operate in the capital.
Thu, 26 Nov 2015
BKPM to Change Negative Investment List Into 'Guideline'
Indonesia’s Investment Coordinating Board, or BKPM, plans to replace its negative investment list with an “investment guideline” by April, in a move to boost capital inflows into the country. "We used to call it negative investment list, but we only completely restrict a small number of...
Wed, 25 Nov 2015
BKPM Will Not Revise Investment Target
The Investment Coordinating Board (BKPM) stated that it will not revise the investment realization target in 2016 to support economic growth. "With investment contribution of 31 percent in achieving economic growth, the 2016 economic growth target of 5.
Wed, 25 Nov 2015
Jokowi: ASEAN Economic Community Is Inevitable
President Joko "Jokowi" Widodo said that Indonesia could not avoid ASEAN Economic Community (AEC). Jokowi said that today's economic competition involves competition between countries instead of individuals or cities. "AEC will take off in a month.
Wed, 25 Nov 2015
Visa concerns for Australians living in Bali provide an unwanted reality check
More than 10,000 Australians are estimated to live in Bali all year, or for a substantial part of it. While many consider themselves to be permanent residents, they in fact have very little legal basis for this claim.
Mon, 23 Nov 2015
Uber to start official company in Indonesia
Smartphone-based ride-hailing application Uber is planning to start a company in Indonesia, in the form of a foreign investment firm, an executive has said. Uber's spokesperson in Indonesia, Karun Arya, said Uber had not yet set up its corporation in Indonesia.
Mon, 23 Nov 2015
Indonesia Emerging as New Battlefield for ICT Companies
Korean mobile companies are making inroads into the Indonesian market one after another. The Korean mobile industry anticipate that Indonesia will rise as a new mobile market since the nation has the world’s fourth largest population and its many islands gave rise to the creation of a mobile...
Fri, 13 Nov 2015
Indonesia-Australia Business Week to Deepen Commercial Ties
The largest-ever delegation of Australian ministers and business leaders will travel to Indonesia from November 17 to 20 for the Indonesia-Australia Business Week (IABW) 2015, the Australian Embassy said on its official website.
Fri, 13 Nov 2015
Largest-Ever Australian Trade Delegation to Visit Indonesia Next Week
More than 300 Australian business leaders and ministers will arrive in Indonesia next week in the wake of Prime Minister Malcolm Turnbull’s visit to Jakarta, as Canberra seeks to explore new business opportunities with its northern neighbor.
Thu, 05 Nov 2015
TPP Trade Deal a Long Way Off for Indonesia
Although Indonesian President Joko Widodo on Oct. 26 told US President Barack Obama that Indonesia plans to join the omnibus Trans-Pacific Partnership that the US has forged with 12 Pacific Rim nations, qualifying for the deal and overcoming domestic political opposition will both be major hurdles.
Thu, 05 Nov 2015
Indonesia seeking investors to build SEZs
Indonesia plans to invite foreign investors to build and operate special economic zones (SEZs) to boost sluggish economic and job growth in South-east Asia's largest economy. The country currently has nine SEZs, including the Batam, Bintan and Karimun (BBK)special economic zone, and wants to build...
Wed, 04 Nov 2015
Reinventing Indonesia – Two Decades of Democratization
The broad sequence of events that led to the fall of President Suharto and the rise of democracy in Indonesia are well known. But few of us know the details of that period like former coordinating minister for economy, finance and industry Ginandjar Kartasasmitra and former Harvard faculty member...
Wed, 04 Nov 2015
Indonesia Government Spending Starts to Dig Economy Out of Ditch
Unemployed for much of 2015, Firman Agung now works for the Indonesian government, racing to dig a drainage ditch through his village before monsoon rains begin. “It beats sitting around at home,” said the 32-year-old as he mixed cement under the shade of a mango tree in Pakuncen, a dusty...
Wed, 04 Nov 2015
Hamid Ansari calls for boosting trade, investment with Indonesia
Pitching for greater cooperation between India and Indonesia, Vice President Hamid Ansari today said while both countries share excellent relations, their bilateral trade and investments have not realised full potential.
Wed, 04 Nov 2015
Indonesia is the Right Place for Investment: VP Jusuf Kalla
Vice President Jusuf Kalla informed visiting Indian Vice President Hamid Ansari and the accompanying business delegation at a business forum on Tuesday that Indonesia is now the right place to invest. "Similar to India, Indonesian businesses are now spreading across the world and is also a good...
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...