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View all search resultsThe current setup asks PLN to be planner, procurer and operator. That was useful in the past decades, but today it blurs incentives, slows competitive procurement and makes it hard for investors to price risk.
The government has set its sights on turning Bali into a global financial hub as it seeks to move forward with the family office plan thought up by the previous presidential administration, but there are doubts as to whether the resort island is cut out for such a role.
Indonesia has generated Rp 48 trillion (US$2.86 billion) worth of investment in connection with the issuance of the Golden Visa, a special residency permit introduced last year to invite foreign investors to the country.
Danantara must resist passing out unconditional loans left and right lest it turns into a bailout fund for failing SOEs, and instead look to maintaining its commercial posture and stand as a catalyst for reform by rewarding discipline through capital injections.
Overtourism and overdevelopment have become serious issues in Bali as tourism returns to the island following the COVID-19 pandemic. Reports of rowdy tourists violating local customs and unlicensed businesses competing unfairly with locals have become increasingly common in recent years.
A unified framework on commercial arbitration may help enhance trade between ASEAN member states while also attracting more foreign investment, according to this year's bloc chair Malaysia, as the region faces uncertainties and tensions surrounding global trade and economy.