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View all search resultsThe new regulations would open up sectors previously closed for foreign investors in by revising the negative investment list, streamline all business licenses under Investment Coordinating Board (BKPM) and relax taxes for corporate income, expatriates, dividends – among others.
In a bid to avoid overlapping regulations, a presidential instruction (Inpres) has been issued that requires ministers, high-ranking officials and heads of non-ministerial institutions to report any new regulations they want to issue to the relevant coordinating minister's office and/or the President .
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