President: New Capital City The First Of Its Kind

This factsheet provides the latest statistics on trade and investment between the UK and Indonesia. The total trade in goods and services (exports plus imports) between the UK and Indonesia was £2.8 billion in the four quarters to the end of Q4 2021, an increase of 4.9% or £128 million from the four quarters to the end of Q4 2020. It summarises a wide range of publicly available data, from data providers such as the Office for National Statistics (ONS) and HM Revenue and Customs (HMRC), as well as international data providers.

This publication was developed by PT PricewaterhouseCoopers Indonesia Advisory (PwC Indonesia) in collaboration with Study Melbourne, who commissioned the report. It is intended to provide a broad overview of the regulatory and administrative requirements for foreign higher education institutions that are interested in investing in the Indonesian higher education sector.

Yanuar Fajari, Deputy Director for Investment Planning in Energy at Ministry of Investment/ Indonesia Investment Coordinating Board (BKPM) and Siwage Dharma Negara, Senior Fellow at ISEAS discuss investment trends in Indonesia. Although total investments increased, much of this was driven by a rapid increase in domestic direct investment (DDI) while foreign direct investment (FDI) remained relatively stagnant. The DDI share of total investment rose from 35% in 2015 to 50% in 2021. In the manufacturing sector, however, FDI’s share increased to 51% in 2021, while DDI’s share declined, because domestic investment flowed mostly to the services sector.

The Indonesian Government expressed its commitment to ensure the certainty and security of domestic and foreign investment in Indonesia and keep it in line with national interests. Ultimately, the aim of the Job Creation Law, as its name would suggest, is to create more jobs for the people by encouraging more quality investment in the country through regulatory streamlining and simplification of business licensing.

In this edition of EKONID’s Newsletter Law and Taxes, cooperation partners share their expertise on recent Indonesian legal and tax developments including, but not limited to, the update on the ever-interesting topic of the Omnibus Law, the territorial based taxation for expatriates, amendment of tax treaty between Indonesia and Singapore, as well as Income Tax Facilities in Special Economic Zones and DGT Form for Non-Indonesian Tax Payers.

The Indonesian Government introduced its “Industry 4.0” initiative which seeks to accelerate the use of advanced technologies to broaden and grow Indonesia’s manufacturing capabilities and output. Another area of focus for the Government is continuing the development of dedicated industrial estates, or Special Economic Zones (SEZs), as part of its efforts to attract foreign companies to relocate their operations to Indonesia. In this detailed report Deloitte provide broad and impactful insights to all prospective investors.

This quick reference guide by Lexology presents a side-by-side comparison of local insights, including into law, policy and relevant authorities; procedure, including thresholds and timelines; substantive assessment, including interagency and international consultation, remedies and rights of challenge and appeal; relevant recent case law; and other recent trends.

This policy brief by Krisna Gupta, is written as a follow-up to The Centre of Indonesian Policy Studies’ (CIPS) policy paper “The Advent of a New Trade Governance After the Omnibus Law Neraca Komoditas” that was published before the issuance of Presidential Regulation No. 32/2022. Legalized on February 21st 2022, Presidential Regulation No. 32/2022 on Neraca Komoditas is the implementing regulation of the Job Creation Law on trade. It regulates the use of and the procedure to enact Neraca Komoditas, which is a centralised integrated database of supply and demand for traded goods that determines import and export decisions.

This guide is not intended to be a comprehensive study of all aspects of the mining industry in Indonesia but rather a general guide to certain key considerations relating to investment and taxation in the sector. Companies intending to invest in Indonesia will need to carry out further research and obtain updated information about the investment and operational requirements. PwC Indonesia recommends that investors contact their specialist mining team as they consider investment opportunities.

The Investor Relations Unit (IRU) of the Republic of Indonesia was established as a joint effort between the Coordinating Ministry of Economic Affairs, the Ministry of Finance and Bank Indonesia in 2005. The main objective of the IRU is to actively communicate Indonesian economic policy and to address concerns of investors, especially financial market investors. Day-to-day activities of IRU are supported by all relevant government agencies, among others: Bank Indonesia, the Ministry of Finance, the Coordinating Ministry for Economic Affairs, the Ministry of Investment, the Financial Services Authority, the Ministry of State Owned Enterprises, and The Committee for Acceleration of