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View all search resultsPromoting the country’s ambitious Nusantara capital city project at the Group of 20 Summit in India last week, President Joko “Jokowi” Widodo returned to Jakarta with four fresh investment commitments, albeit still with no concrete promises of actual funding.
Indonesia posted solid growth in realized investment for the first quarter of 2023 and has almost reached a quarter of the government’s full-year target, but some observers say the approaching election campaign could give investors pause.
The government has unveiled a draft presidential regulation, derived from the recently passed Job Creation Law, that offers leeway for foreign investment in tech-based start-ups in special economic zones (SEZs).
Australia moved to tighten screening of new foreign investments Friday, announcing tougher measures to block or overturn those deemed to compromise national security, in a move widely viewed as an effort to limit growing Chinese influence in the country.
Together with improvements on ease of doing business and cutting bureaucratic red tape, a harmonized tax regime will amply serve President Jokowi in achieving his vision to boost job creation and attract new foreign investment.
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