Business News

It’s official: BKPM to handle all licenses, review policies unfavorable for investors

President Joko "Jokowi" Widodo has officially issued a regulation that streamlines all business licensing toward the Investment Coordinating Board (BKPM) and grants the agency the authority to review policies deemed as unfavorable for investors.Presidential Instruction (Inpres) No. 7/2019 on the acceleration of ease of doing business (EODB) was signed on…

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…
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