Business News
Indonesia Issues Positive Investment List in January 2020
JAKARTA (TheInsiderStories) – The Indonesian government will publish a positive investment list in January 2020 to begin promoting priority industries that are open to both foreign and domestic investment, the official said today (11/20). It aims to reduce current account deficit, improve financial stability, and stimulate growth in Southeast Asia’s…
New Foreign Envoys Submit Letters of Credentials, Discuss Economy with Jokowi
President Joko "Jokowi" Widodo received on Wednesday the letters of credentials from 14 new ambassadors at the State Palace in Jakarta, marking the commencement of their official duties representing their countries in Indonesia.Ten of the new envoys are resident ambassadors, with four coming from Europe, including European Union Ambassador Vincent…
Greater role for BKPM as it takes over all business licenses
President Joko “Jokowi” Widodo has ordered the Investment Coordinating Board (BKPM) to handle all forms of licensing previously handled by a variety of government institutions in a move that is expected to facilitate business in Indonesia.The change will grant greater authority to BKPM head Bahlil Lahadalia, who was also assigned…
'Stop making new rules and ease investment', Jokowi tells regional leaders
President Joko "Jokowi" Widodo reiterated his determination to improve Indonesia's investment climate at the Regional Leadership Communication Forum (Forkopimda), held on Wednesday at the Sentul International Convention Center in Bogor, West Java. The President's remarks come amid his drive to attract more investors to the country. Earlier in his inaugural…
