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View all search resultsCongressmen Sandro Marcos and Martin Romualdez -- the president's son and cousin respectively -- are among the six authors of the bill filed to the House of Representatives and will be examined by several committees before being debated in the house.
Indonesia Investment Authority’s involvement in a US$300 million funding to Traveloka is believed to be a good deal as it will help the sovereign wealth fund, seeing as how the unicorn is a leading player in the online travel agent market, which is deemed highly lucrative.
The Constitutional Court, ruling on Thursday a case brought by labour unions, said there were procedural flaws in the formation of the legislation passed last year, which the government had touted as potential a game-changer in luring foreign investment to Southeast Asia's biggest economy.
President Joko “Jokowi” Widodo has introduced the board of directors tasked with managing Indonesia’s recently created multibillion-sovereign wealth fund to lure global investors to Southeast Asia’s largest economy.
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