As of Thursday (11/26), Indonesia’s COVID-19 tally in the last 24 hours increased by 4,917 to 516,753 cases.
The Job Creation Law (UU) and its derivative regulations amend several articles in the Immigration Law and provide several facilities for foreigners wanting to invest or work in Indonesia.
The Marine Affairs and Fisheries Ministry (KKP) has temporarily suspended the lobster larvae exports. The government may lift the ban if the export system is improved.
Eleven regional development banks (BPDs) are lining up to receive Rp 5.1 trillion worth of National Economic Recovery (PEN) funds.
The government will not allow the construction of any new diesel power plant (PLTD), following the program to convert oil-based (BBM) to gas-fired and renewable (EBT) power plants.
The COVID-19 pandemic has not hindered the intention of several corporations to continue expanding, for example, PT Medikaloka Hermina Tbk (HEAL) and PT MDI Ventures.
The development of the Bitung Special Economic Zone (KEK) is hampered by a number of problems. There are few investors even though it offers many facilities.
The revision of Law No. 23/1999 on Bank Indonesia (BI) is included in the Prolegnas priority list next year. BI's authority will expand, but there are also concerns over the possible loss of BI’s independence, which could negatively signal the market.
Indonesia and China signed a coal purchase contract for three years, with a total value of US$1.46 billion, which will provide export certainty for coal industry players.
The Draft Presidential Regulation (Perpres) on the implementation of carbon credit has entered the finalization stage. Hopefully, it can come into effect in early December 2020.