In his state of the union speech, President Joko Widodo spent more than 20 minutes of his time reiterating his policy of welcoming FDI to Indonesia. In the last six months there have been 12 economic packages presented by the government offering more opportunities for foreign investment, simplifying and deregulating approval processes and...
This chapter gives an overview of Indonesia’s legal system, focusing primarily on new policies that aim to improve the business environment, processing time for investment licences, sectors opening to foreign investment, business start-up costs, and other subjects of interest to investors.
It also contains a viewpoint from Todung Mulya Lubis, Senior Partner, Lubis, Santosa &...
The Indonesian government is in the midst of pursuing an ambitious new growth strategy, emphasizing investment over domestic consumption as a primary growth driver in the wake of depressed commodity prices, lagging household consumption and lower-than-anticipated government revenues.
Please don’t panic. And don’t judge the government by slower economic growth, the weakening rupiah and continuing corruption. Of course, those are reasons to be cautious, but it does not mean Indonesia should be written off. After all, Indonesia is still the largest country in the ASEAN, the fourth-most-populous nation in the world and...
Indonesia successfully held its third direct elections in 2014. Although there was only a slight difference in the number of votes and the presidency had to be decided by the Constitutional Court, this did not stop the country from seeking a change of course with its new leader, President Joko Widodo. The president has promised to boost the economy by targeting economic growth...
This chapter examines Indonesia’s legal framework, focusing on the new land management policy that has been introduced as a solution to issues with overlapping land claims. It also contains a viewpoint from Todung Mulya Lubis, Senior Partner, Lubis, Santosa & Maramis.
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