At the start of February 2021, Indonesian President Joko Widodo signed Presidential Regulation No. 10 of 2021 on Investment Business Activities. This regulation forms a derivative regulation of the Omnibus Law on Job Creation (Law No. 11 of 2020 on Job Creation), a landmark law that was passed by the House of Representatives (or DPR) on 5 October 2020.
Update COVID-19 in Indonesia: 1,368,069 confirmed infections, 37,026 deaths (5 March 2021)
6 March 2021 (closed)
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The Business Columns section of Indonesia Investments provides in-depth columns that exhibit an analysis regarding subjects that are both important for understanding the Indonesian business climate and have high news value in the current state of Indonesia's economy. As a whole these columns should provide the reader a thorough and detailed picture of multiple Indonesian business sectors and be a source of ideas or inspiration to invest - or not to invest - in specific sectors of the Indonesian economy.
After news spread late last year, it is official now! Indonesia has its own sovereign wealth fund, called the Indonesia Investment Authority (abbreviated as INA). On 16 February 2021, Indonesian President Joko Widodo announced the list of people that will this investment management institution. For starters, Widodo selected Ridha DM Wirakusumah - previously President Director of Bank Permata - as the CEO of INA.
Many – including Indonesia Investments – are convinced that the electric vehicle is the automotive industry’s future. And, when we take a look at the past two decades or so, we detect a significant acceleration in the development of the electric vehicle.
It came as a big surprise to us to learn that direct investment realization in Indonesia expanded in the third quarter of 2020, both compared to the same quarter one year earlier (Q3-2019) and compared to the preceding quarter (Q2-2020).
The views expressed in these business columns are the views of the authors or the interviewed persons only and therefore do not necessarily reflect the views of Indonesia Investments. The authors are free to ventilate their opinions about the Indonesian business climate. Facts presented in these columns are the result of the author's own research or indicated sources, read disclaimer.