Newsletter

Newsletter

As a uniquely global business country at the heart of Asia, Indonesia plays host to a wide variety of business.
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Rupiah to strengthen further as foreign investors return: BI

Bank Indonesia (BI) expects the rupiah to continue strengthening — even after the currency meets pre-COVID-19 levels — as foreign investors return in expectation of a global economic recovery. The rupiah rebounded by almost 15 percent since the end of March to reach 13,877 per US dollar on Friday, Bloomberg

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LG to relocate 2 domestic TV production lines to Indonesia

LG Electronics Inc. said Wednesday it will relocate two of its TV production lines in South Korea to Indonesia in a move to boost its global production efficiency amid the novel coronavirus pandemic. LG said two of the six production lines at its TV plant in Gumi, some 260 kilometers

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Indonesia’s BKPM Issues Guidelines on Electronic Business Licensing

Indonesia’s Investment Coordinating Board (Badan Koordinasi Penamanan Modal – BKPM) issued Regulation 1 of 2020 (BKPM Reg 1/2020) on April 1, 2020, which provides the guidelines for the implementation of its integrated electronic business licensing service, the Online Single Submission (OSS). BKPM Reg 1/2020 serves to implement Government Regulation No.24 of 2018, which mandates the BKPM

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Dutch Economic Mission to Indonesia, March 2020

In parallel to the State Visit of Their Majesties the King and the Queen, a successful Netherlands Economic Mission was held from 9 to 13 March in Jakarta and Surabaya. The Economic Mission was led by four Dutch Ministers and Vice Ministers, with 112 participating Dutch companies, organizations, and knowledge

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