ASEAN Briefing News

Indonesia Increases the Minimum Wage for 2023

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Indonesia’s Ministry of Manpower announced that minimum wages across the country will increase by a maximum of 10 percent for 2023.

New Health Insurance Requirement for Short Term Foreign Workers in Indonesia

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Foreign workers in Indonesia on short-term work permits are now required to obtain health insurance.

Indonesia Relaunches Multiple Entry Visa Service

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Indonesia’s Directorate General of Immigration officially relaunched the multiple entry visa service on November 28, 2022.

Can Indonesia’s Sovereign Wealth Fund Attract Foreign Investors?

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Unlike other sovereign wealth funds, Indonesia’s sovereign wealth fund explicitly seeks foreign co-investors to capitalize the fund rather than rely on commodity revenues.

Indonesia and Thailand Implement QR Payment Linkage, Key to Increasing Digital Integration in Southeast Asia

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Enabling cross-border QR payment linkages is also a step towards greater financial inclusion in Southeast Asia.

Intellectual Property Financing in Indonesia

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Indonesia’s GR 24/2022 is a new regulation that allows people and businesses in the creative economy to use their IP assets as collateral for financing from banks.

Indonesia Enacts First Personal Data Protection Law: Key Compliance Requirements

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The new law stipulates the types of legal basis for obtaining and processing personal data and penalties for violation.

Choosing the Ideal Investment Location in Indonesia’s Special Economic Zones

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For foreign investors, entering Indonesia’s special economic zones and taking full advantage of what they offer requires a long-term outlook.

How American Fast-Food Chains Have Succeeded in Indonesia

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American fast-food giants have grown into the Indonesian market by using culturally appropriate programs and tailoring their foods to engage and suit the tastes of the local population.

Untapped Economic Potential of the Muslim-Autonomous Region in the Philippines

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The BARMM has untapped economic potential, especially through increasing maritime trade with neighbors Indonesia and Malaysia.

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