Revision of Law No. 4/2009 concerning Mineral and Coal Mining was finally passed on May 12, 2020, in the House plenary meeting, endorsed by eight factions except Democrats. Since the beginning of the drafting, it has drawn resistance from various groups.
The fate of 10 business sectors hit by the outbreak.
The insurance industry sees severe challenges in the future. OJK is preparing a new regulation to gradually raise insurance company minimum capital from Rp 150 billion to Rp 500 billion.
There have been many fundamental changes in the oil and gas business in 202. The easily-changing regulations still pose a risk that may burden business activities in the oil and gas sector.
The hype is on the domestic petrochemical industry as large investors are flocking to invest trillions of capital in the Indonesian market.
President Joko Widodo repeatedly expressed his concern about the inflated oil and gas imports. He started to not holding back when criticizing the condition.
The electronic money business is getting more attractive in Indonesia, as the average transaction volume soared by 97 percent from 2014 to 2018, according to Bank Indonesia Data.
A month towards the end of his first term, President Joko Widodo established Singosari, Malang, East Java, as a Special Economic Zone.
The government unveiled the plan to develop the domestic electric-powered automotive industry.
As a long-term business, there are at least two critical points to consider: regulatory certainty and funding. To what extent the government, as the road owner, support this business?