Update COVID-19 in Indonesia: 497,668 confirmed infections, 15,884 deaths (23 November 2020)
23 November 2020 (closed)
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Whenever Indonesia Investments discusses or illustrates the risks that are involved in Indonesia’s investment environment, we usually take the 2009 Mining Law as an example to illustrate the lack of legal certainty in Indonesia. Lack of legal certainty is one the key obstacles in Indonesia’s investment environment, and has therefore been undermining investment realization in Indonesia.
In fact, based on preliminary findings of one of our new polls, ‘lack of legal certainty’ is the second-biggest obstacle in Indonesia’s investment climate (after corruption).
On 12 May 2020, Indonesian lawmakers – after months of deliberation – approved a revision of the country’s controversial 2009 Mining Law in a plenary session. Only one political party in Indonesia’s House of Representatives (DPR) opposed the bill, namely the Democratic Party (Partai Demokrat, or PD).
The revision is quite rigorous as the bill revises about 80 percent of the 175 articles in the 2009 Mining Law, while adding two new chapters. But before we discuss the revision (and its implications), we briefly need to discuss the 2009 Mining Law.
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