Posts Tagged ‘Investment Coordinating Board’

Investment, Key To Reduce Unemployment Rate

Indonesian Manufacture Industry Still Expanding Positively

Indonesian Government will continue to pay attention to the conducive investment condition in order to increase the providing of job vacancy. Indonesia needs investment because it cannot rely on the state budget in the development and providing job vacancy. "The increasing of the amount of investment along with the increased number of business starts in…

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FOREIGN COMPANY OBLIGATION ON DIVESTMENT

DIVESTMENT-OBLIGATION-FOR-FOREIGN-INVESTMENT-COMPANY-PT-PMA-IN-INDONESIA

Divestment is the releasement, exemption or reduction of shares, which is an obligation for Foreign Direct Investment (Penanaman Modal Asing/PMA) Company who owned 100% shares in the company to gradually shift its share to Indonesian participant(s) (both individual or legal entity) within within 15 year subsequent to its first production through direct ownership or domestic…

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Govt Expands 3-hour Permit Issuance For 4 Infrastructure Sectors

Investment Coordinating Board (BKPM) head Franky Sibarani has announced that the government broadens implementation of the three-hour licensing service for four infrastructure sectors namely transportation, public works, energy, and communication. (JP/Don) The government has broadened implementation of the three-hour licensing service for four infrastructure sectors, allowing investors to enjoy the service without having to meet…

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Indonesia Ready For More Foreign Investors

Continuing the previous economic policy package, Indonesian Government has announced its latest effort to draw more investment to South Asia’s largest economy by opening dozens of business sectors in Indonesia to full and partial foreign ownership through  Economic Policy Package X (Paket Kebijakan Ekonomi Jilid X).  As per press release dated February 11, 2016 from…

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Attention! The New Business Sectors Classification Has Been Issued

The most essential thing when planning to establish your business in Indonesia is to determine the business sector to enter, and which business activities you want to do. The investment license system makes it so that the investors, especially foreign investors, are required to be very specific on what they want to do when they…

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3-Hour Investment License “Izin Investasi”

As we explained in one of our Articles, BKPM Updates Investment License Regulations, we understand that BKPM has issued 4 (four) new regulations as part of the Indonesian Government’s Economic Stimulus package. One of them is Head of BKPM Regulation No. 14 of 2015 concerning Investment Principle License (“BKPM Regulation No. 14/2015”). One of the…

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