The Omnibus Bill on Job Creation will cement and enhance the authority of the central government and the president.
Weekly Insights Archive
The Chinese government is giving full efforts to contain the novel coronavirus (2019-nCoV), which was first identified in Wuhan, the capital of Hubei Province.
The Investment Coordinating Board is getting more power. It is now allowed to grant tax holiday, the authority previously held by the Finance Ministry.
Jiwasraya's default over policies that fell due, followed by Asabri's investment failures, is snowballing as the House of Representatives starts voicing the dissolution of the Financial Services Authority.
The rumor that the government plans to create a Sovereign Wealth Fund has been snowballing recently.
The problems of expensive gas prices for industries has resurfaced after President Joko Widodo shed his resentment during the limited cabinet meeting on January 6.
The government plans to issue a presidential regulation that lists positive investments as a substitute for the Negative Investment List. Through this regulation, the number of business sectors for foreign investors will increase.
In 2020, the cost of living in Indonesia will get even higher, following the implementation of several tariff increases set by the government, from cigarette excise, toll tariff rate, to the premiums of BPJS Kesehatan.
Asuransi Jiwasraya default case has become the government’s housework as a shareholder, not only a matter of paying off claims to customers, but also efforts to save the state-owned insurer since the polemic may cause multiple effects.
Bank consolidation is still naturally happening, considering the Indonesian finance authority keeps pushing regulations to strengthen the banking capital.