An Introduction to Special Economic Zones in Indonesia
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
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
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
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
Foreign workers in Indonesia on short-term work permits are now required to obtain health insurance.
Indonesia Relaunches Multiple Entry Visa Service
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?
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
Enabling cross-border QR payment linkages is also a step towards greater financial inclusion in Southeast Asia.
Intellectual Property Financing in Indonesia
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
The new law stipulates the types of legal basis for obtaining and processing personal data and penalties for violation.