MOM Reg 8/2021 is an implementing regulation that details the requirements businesses must fulfill to hire foreign workers.
Indonesia will build its first electric vehicle battery plant and aims to begin production by 2023, in a project estimated to be valued at US$9.8 billion.
Only foreigners with work, business, or residency permits can enter Indonesia, although they will be placed in quarantine for five days.
Indonesia has made serious efforts to improve its import and export procedures as the country targets to become the fourth-largest economy by 2045.
Indonesia’s GR 36/2021 has eliminated the sectoral minimum wage while establishing a provision for hourly pay for part-time workers.
Indonesia’s GR 40/2021 highlights the various tax incentives to attract foreign investors into operating in an SEZ.
Indonesia’s biggest internet companies Gojek and Tokopedia announced a US$18 billion merger in what is the country’s largest-ever business deal.
Indonesia’s Investment Coordinating Board issued BKPM Regulation 4 of 2021 regarding an increase of paid-up capital requirements for foreign investors.
Indonesia’s GR 37/2021 introduces the country’s first ever unemployment benefit program, which provides cash stipends and training to the unemployed.
Indonesia’s government has established a new Investment Ministry, as the president initiates another cabinet reshuffle.