Indonesia’s government is preparing a draft Presidential Regulation on investment business fields — dubbed the positive investment list.
ASEAN Briefing outlines Indonesia’s official public holidays in 2021. Businesses should take note of the official holiday schedule and plan accordingly.
Bank Indonesia issued Regulation No.22/23/PBI/2020, which aims to structure the regulatory framework of the country’s payment systems.
Indonesia has extended the temporary restrictions on the entry of foreign visitors until February 8, 2021.
Indonesia’s Investment Coordinating Board (BKPM) issued regulation BKPM Reg 6/2020, which pertains to the submission of investment activity reports (LKPM) by foreign companies.
US tech giants Tesla, Google, and Amazon have shown interest in investing in Indonesia, in particular, in its digital economy and electric vehicle industry.
The Ministry of Manpower issued a circular in October 2020 advising regional governments not to increase the monthly minimum wage rates due to the ongoing pandemic.
The US extended Indonesia’s Generalized System of Preference (GSP) status in early November 2020, meaning thousands of Indonesian exports to the US are duty free.
Indonesia and Singapore established a ‘green lane’ on October 12, 2020, to facilitate business and official travel between the two countries. Applications were open from October 26.
On October 1, 2020, Indonesia issued Reg 26/2020, which relaxes certain criteria for foreign visitors to be able to enter Indonesia.