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Business 5 years ago
PREMIUM
Jobs law liberalizes more industries for investors
The law states that all business sectors are open to foreign direct investment (FDI) as well as domestic direct investment (DDI), with the exception of six prohibited sectors and businesses that can be carried out by the government.
Business 5 years ago
Environmental concerns, protests may discourage foreign investment: Moody’s
Indonesia’s Job Creation Law may facilitate investment and help revive the economy, but relaxed environmental regulation and widespread protests by labor unions could discourage foreign investors and limit the law’s benefits, Moody’s Investor Service has said.
Business 5 years ago
South Korean footwear manufacturer Sejin to relocate from China to Indonesia
Garment company PT Sejin Fashion Indonesia, a subsidiary of South Korean footwear manufacturer Parkland Co., Ltd., has made the decision to relocate its production base from China to Indonesia, a top official said on Saturday.
Business 5 years ago
Pandemic presents opportunity for reform to attract investment: HSBC
Joseph Incalcaterra, the chief economist for ASEAN at HSBC, said on Wednesday that the current uncertainty of the global economy made reform even more important, particularly for attracting foreign direct investment (FDI).
