Weekly Digest: Unleashing Investor's Suppressed Freedom in Indonesia
Summary
- The government will immediately push the Omnibus Law on investments, and hopefully, the House of Representatives can start working on it before mid-December. The regulation will remove various problems, such as land acquisition, faced by investors as well as simplify their effort in conducting business and putting their capital in Indonesia.
- The Omnibus Law will replace unnecessary, complicated permits with the risk assessments to simplify the process. As a result, if an investment poses a low risk to the environment, the management will only have to complete the registration.
- It will also give the investors enough freedom to invest in the sectors previously meant for micro, small, and medium enterprises through the negative investment list. The new regulation will change it to a positive and priority investment list.