Indonesia still has large capital and opportunities to sustain a growing trade balance amid global turmoil through increased industrial downstreaming, according to the Presidential Staff Office (KSP). The downstreaming policy, which has become one of President Joko Widodo’s priority agendas, … Continue reading →
Special Staff of the Minister of Finance for Regional Fiscal Policy Formulation Titik Anas stated that investment entering Indonesia had succeeded in absorbing 307 thousand workers. “Investment has created jobs for new job seekers, absorbing around 307 thousand workers,” Anas … Continue reading →
Hyundai will start producing electric cars in Indonesia in March 2022 while admitting that it’s going to be a big gamble to enter a segment not familiar to local buyers. The South Korean company completed the construction of its $1.5 … Continue reading →
Cabinet Secretary Pramono Anung said on Monday that President Joko “Jokowi” Widodo had instructed the National Development Planning Agency (Bappenas) and the Investment Coordinating Board (BKPM) to establish financing schemes, or business plans, for strategic projects. Pramono said the decision … Continue reading →
The Chairman of Indonesia Investment Coordinating Board (BKPM) Franky Sibarani expressed his optimism in relation to the enactment of Presidential Regulation Number 44 of 2016 concerning the list of closed business fields and opened business fields with conditions in the field … Continue reading →
There are two legal entities that are permitted for foreigners in Indonesia: 1) a foreign investment limited liability company (in Indonesian: Perseroan Terbatas Penanaman Modal Asing, or, PT PMA), and (2) a representative office (in Indonesian Kantor Perwakilan Perusahaan Asing, … Continue reading →