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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.
Energy and Mineral Resources Minister Arifin Tasrif’s recent statement at the House of Representatives that oil companies would be allowed to choose either cost-recovery or the fixed gross-split scheme for their production sharing contract (PSC) will go a long way toward reinvigorating investment in exploration.
President Joko “Jokowi” Widodo signed Government Regulation No. 80/2019 on e-commerce on Nov. 25, requiring domestic and foreign e-commerce players from platform providers to merchants, to secure a business license.
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