GR 34/2021 regulation aims to ease the process of hiring foreign workers in Indonesia.
Indonesia issued Presidential Regulation 10 of 2021, which liberalizes many business sectors for foreign investment.
Indonesia has pledged to make the SEZs a policy priority to attract foreign investment – further facilitated through its tax incentive programs.
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 government has established a new Investment Ministry, as the president initiates another cabinet reshuffle.
The UK and Indonesia have concluded the first round of exploratory trade talks and committed to further strengthening their trade and investment links.
Indonesia’s government is preparing a draft Presidential Regulation on investment business fields — dubbed the positive investment list.
US tech giants Tesla, Google, and Amazon have shown interest in investing in Indonesia, in particular, in its digital economy and electric vehicle industry.
Indonesia and the United States have enjoyed bilateral relations that stretch from 1949, with annual total trade valued at US$30 billion.
The Philippines’ Revenue Regulation No. 9-2021, which introduces a 12 percent value-added tax (VAT) rate on certain sales transactions that were previously taxed at zero percent.