ASEAN Briefing News

An Introduction to Special Economic Zones in Indonesia

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Indonesia has made the development of its special economic zones a priority policy with the aim of attracting over US$50 billion in foreign investment over the next decade.

Indonesia’s Just Energy Transition Partnership: Impacts for the Green Economy

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The Just Energy Transition Partnership (JETP) calls for renewable energy to comprise 34 percent of Indonesia’s power generation by 2030.

UK and Indonesia Trade and Investment Opportunities

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The UK is seeking to forge greater economic ties with the Indo-Pacific and Indonesia is among its key partners in Southeast Asia.

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.

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