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

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

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

Indonesia’s response to contain the COVID-19 outbreak has been slower compared with some other countries in the region despite policies to limit the economic and financial shock being introduced in a relatively coordinated manner, a credit rating agency has said. “Indonesia’s response to contain the coronavirus outbreak has lagged some

Jakarta. Global investors still have confidence in the Indonesian economy and may back a drive to buy new debt securities issued to finance the government’s stimulus package for mitigating the Covid-19 pandemic, Perry Warjiyo, the governor of Bank Indonesia, the country’s central bank, said on Wednesday.  “I just contacted global investors. They are still quite confident with