Officially Opening the 2022 Investment National Coordination Meeting, President Jokowi Emphasizes the Importance of Maintaining Investor Confidence

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The Ministry of Investment/Investment Coordinating Board (BKPM) again held the 2022 Investment National Coordination Meeting (Rakornas) with the theme Downstream and Partnership for Equitable Investment in Jakarta, this morning (30/11). The 2022 Investment National Coordination Meeting was officially opened by President Joko Widodo accompanied by the Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia, Coordinating Minister for Maritime Affairs and Investment Luhut B. Pandjaitan, Minister of Finance Sri Mulyani, Minister of Cabinet Secretary Pramono Agung, Minister of Home Affairs Tito Karnavian, Minister of State Apparatus Empowerment and Bureaucratic Reform (PANRB) Abdullah Azwar Anas and Minister of Energy and … Continue reading →

Indonesia Pays Attention To Green Economy

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THE National economy crippled by the Covid-19 has left very little room for the government to maneuver as the country slowly sank into recession. Like in many other countries, the government will focus the next year’s development agenda on economic recovery. Suharso, 65, said the pandemic had not only claimed lives but also cost 2.67 million people their jobs. “We’re currently focusing on managing the pandemic and providing social buffers for the poor,” said Suharso Monoarfa, the national development planning minister as well as chief of the National Planning Agency (Bappenas), during a special interview with Tempo on December 2 and 3. As the public’s … Continue reading →

OECD predicts China and Indonesia to lead economic world in 2021

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The economies of China and Indonesia are the only two that will grow beyond seven per cent in 2021 The economies of China and Indonesia will lead the world in 2021, according to a new report from the Organisation for Economic Co-operation and Development (OECD). The OECD forecast in its June Economic Outlook that a second wave of infections at the end of the year could knock an initial economic rebound off course. “Europe and the US are now bearing the brunt of a resurgence of the virus, stalling the recovery. Global GDP (Gross Domestic Product) in the fourth quarter … Continue reading →

Foreign Business Representative Office

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Foreign investor could setup an Indonesian Representative Office to study the market for a maximum period of 5 years. Foreign Representative Office is an office incorporated by an overseas company to represent itself in Indonesia with a view to manage the interest of the company or the affiliated companies in Indonesia and/ or in other countries and/ or to prepare the establishment and development of foreign investment companies in Indonesia. Indonesian Representative Office of foreign companies usually has limited functionality and generally are prohibited from directly engaging in operational activities, signing contracts, issuing official invoices, receiving payments from its clients, … Continue reading →

Indonesia: An Introduction

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    The world’s fourth most populace country – 245 million  and counting – is a sultry kaleidoscope that runs along the equator for 5000km. It may well be the last great adventure on earth. From the western tip of  Sumatra to the eastern edge of Papua, this nation defies homogenisation. It is a  land of so many cultures, peoples, animals, customs, plants, features, artworks  and foods that it is like 100 (or is it 200?) countries melded into one. And we’re talking differences that aren’t just about an  accent or a preference for goat over pork; we are talking … Continue reading →