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View all search resultsThe full scale of United States investment in Indonesia is not often evident from official government figures. Statistics from the Investment Coordinating Board (BKPM) only attributed US$7.78 billion worth of investments to the US from 2013 to 2017. This is far from a complete picture.
Enacting the omnibus laws will be key to maintaining the reform momentum and will determine whether foreign investment in particular will be reinvigorated. Without a significant increase in such investment, the country will never be able to fully harness its economic potential.
The 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.
State-owned Enterprises (SOEs) Minister Erick Thohir has discharged all the ministry’s Echelon I officials in a restructuring effort to improve bureaucratic efficiency in accordance with President Joko “Jokowi” Widodo’s mission.
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