Three New Provinces Inaugurated In Papua

Indonesia Investment Guidebook (BKPM)
Foreign investment continues to play an important role in Indonesia’s economic growth and to facilitate this the government is committed to improve competitiveness and the investment climate for foreigners. This Foreign Investment Guidebook, published by the Investment Coordinating Board (BKPM) tells you all you need to know about procedures, legalities and taxation....
Getting Your Business Licenses Through Online Single Submission (OSS)
The Coordinating Ministry for Economic Affairs have published this useful step-by-step infographic guide to using the Online Single Submission (OSS) system, from creating and activating your own account, getting your Business Identification Number, location, environment and business permits, operating licenses and expanding your business....
Indonesian Banking Directory
Indonesian Banking Directory
Indonesia Banking Directory (DPI) is an annual media publication that presents an overview of principal data of Commercial Banks (include Sharia Banks) but does not include Rural Banks. The principal data of Commercial Banks that is presented in DPI contains information of legal entity, shareholder structure, and management structure of each bank....
Strengthening Policy Synergy to Maintain Stability and Accelerate Economic Recovery
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 Priority Infrastructure Delivery....
Asean Investment Report 2020–2021: Investing in Industry 4.0
2019 and 2020 were exceptional for ASEAN in terms of foreign direct investment (FDI): 2019 saw the region’s highest-ever inflows, at USD 182-billion – making ASEAN the largest recipient of FDI in the developing world – and 2020 saw the unprecedented impact of the COVID-19 pandemic, with a 25-percent fall in FDI, to USD 137-billion. Despite the decline, ASEAN remained an attractive investment destination; the region’s share of global FDI rose from 11.9-percent in 2019 to 13.7-percent – more than twice the amount seen during the 2007–2008 global financial crisis and nearly five times more than the annual average during the 2002–2004 outbreak of SARS (severe acute respiratory syndrome.)...
BKPM Frequently Asked Questions on Investment
BKPM Frequently Asked Questions on Investment
As a part of efforts to improve investment services, BKPM took an initiative to publish “Frequently Asked Questions (FAQ) in an Investment in Indonesia” book. This book compiles answers for both new and existing investors regarding investment licensing procedures, incentives, regulations, labours, and cost of doing business in Indonesia....
Indonesian Banking Directory
Indonesia Banking Directory (DPI) is an annual media publication that presents an overview of principal data of Commercial Banks (include Sharia Banks) but does not include Rural Banks. The principal data of Commercial Banks that is presented in DPI contains information of legal entity, shareholder structure, and management structure of each bank....
Doing Business in Indonesia: A Comparative Guide
Deloitte Legal compiled this guide for Legal 500, providing an overview of the laws and regulations on doing business in a variety of jurisdictions. The following country chapter contains the relevant information on the systems of law, the legal forms through which people carry out business, capital requirements, how entities are operated and managed, expansion possibilities, corporate governance, employment law and more....
List of Banks in Indonesia
This is a list of major banks in Indonesia. There are 120-commercial banks in Indonesia (4-state owned banks and 117-private banks). Two of the state owned banks have Islamic banking units. Of the 26-government regional banks, 15 have Islamic banking units, while of 86-private national banks, 7 have Islamic banking unit, and there are 5-Islamic commercial banks....
Policy Brief: Changes to Trade Policy in Presidential Regulation 32/2022 on Neraca Komoditas
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....
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Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

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Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.