The Indonesian government is in the midst of pursuing an ambitious new growth strategy, emphasising 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.
What measures can be taken to boost trade and investment between Singapore and Indonesia?
With decades of economic protectionism inhibiting investment, Indonesia moved to implement dramatic reforms in February 2016, with President Joko Widodo’s announcement of the 10th of 12 economic stimulus packages. The leader described the reforms as a “big bang” relaxation of restrictions on foreign investment, with the highlight being that 35...
This chapter examines Indonesia’s tax regime, focusing on a newly improved amnesty facility, income tax breaks available for pioneer industries, a new effort to improve data collection and processing, and the reduction of luxury goods tax for certain products.
It also contains a viewpoint from Ay-Tjhing Phan, Tax Leader, PwC Indonesia.
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 &...
Over the past few decades, Indonesia has made enormous strides in ensuring most of its children get a basic education. Now the focus turns to quality, and preparing children and young adults for life in the 21st century. President Joko Widodo made education a key part of his election campaign and, after he took office in October 2014, embarked on a series of reforms designed not only to make...
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