On October 1, 2020, Indonesia issued Reg 26/2020, which relaxes certain criteria for foreign visitors to be able to enter Indonesia.
International businesses planning their 2021 investment budgets should see Indonesia as ASEAN’s best growth potential in the long-term.
Indonesia’s robust economic growth, sound fiscal policies, and political reforms have long made the country an attractive investment destination for US investors.
Indonesia and the United States have enjoyed bilateral relations that stretch from 1949, with annual total trade valued at US$30 billion.
Government Regulation 49 of 2020 (GR 49/2020) provides reductions in and postponement of the social security payments made by businesses.
For foreign workers and their employers in Indonesia, understanding the process to obtain an employment permit is essential.
Indonesia’s Ministry of Manpower issued Reg 14/2020, which provides wage subsidies for employees in the private sector.
Indonesia and the UAE have established a travel corridor to facilitate official and diplomatic trips between the two countries.
Indonesia has increased the premiums for its national health and pension insurance schemes.
Indonesia’s healthcare industry presents a lucrative investment opportunity for foreign investors given its large market size.