The Indonesian government recently issued a Presidential Regulation aimed to improve the relationship between Indonesia and other countries by waiving the visa requirement for visitors from certain countries to enter Indonesia.
The latest edition of Asian-MENA Counsel features a story on the ASEAN Economic Community (AEC), which is due to be in place by the end of this year. As part of its cover story on ASEAN and the AEC, Asian-MENA Counsel spoke with SSEK founding partner Ira A. Eddymurthy.
With the increased interest in Indonesia and the impending completion of the ASEAN Economic Union, foreign investors are looking for a means to do business in Indonesia. SSEK discusses the revised Negative Investment List, the impact of the ASEAN Free Trade Area on Indonesia and Bilateral Investment Treaties.
The Indonesian Government appears to be getting serious about stripping Regents of the authority to issue mining licenses. The Government took the first steps in this direction with Minister of Energy and Mineral Resources (MEMR) Regulation No. 27 of 2013.
The Financial Services Authority, the financial services supervisory body in Indonesia, issued more than 30 regulations in 2014 covering capital markets, banks and non-bank financial institutions. Muliaman Hadad, the chairman of the Board of Commissioners of the OJK, issued a statement that the enactment of the regulations supported the goals of the OJK in developing the financial sector in Indonesia.
Both the 2014 DNI and its predecessor allow investors from ASEAN countries to hold up to 60% share ownership in Indonesian shipping companies engaged in sea transportation business activities with foreign routes. But how effectively has this been implemented?
Public-private partnerships (PPPs) interest infrastructure investors in Indonesia for a number of reasons. There are advantages to the PPP scheme, including the availability of government support and guarantees for the relevant infrastructure project.