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Ease of Doing Business can boost private investment: researcher

Ease of Doing Business can boost private investment: researcher
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Indonesia s Omnibus Law: Risk Based Business Licensing

Indonesia’s Omnibus Law: Risk Based Business Licensing Indonesia’s Omnibus Law: Risk Based Business Licensing April 29, 2021 Posted by ASEAN Briefing Written by Ayman Falak Medina Reading Time: 3 minutes Indonesia’s Regulation 5 of 2021 introduces a risk-based approach to the issuance of business licenses. Business activities will be assessed on the scale of the hazards they can potentially create (low risk, medium-low risk, medium-high risk, and high risk). The risk-based business licensing procedure will impact 16 sectors, including defense, energy, and agriculture. In our fourth article on Indonesia’s Omnibus Law, we analyze Government Regulation 5 of 2021 (GR 5/2021) concerning Risk-Based Business Licensing, which introduces new criteria on how business licenses are issued in the country.

Jokowi s BKPM upgrade to ministry not effective: Jakarta Post

The Straits Times Jokowi s BKPM upgrade to ministry not effective: Jakarta Post The paper says that a perpetual lack of coordination between all the ministries and of determination to synchronise rules at the central government remains barriers Jakarta must overcome. President Joko Widodo s move last week to upgrade the bureaucratic status of the Investment Coordinating Board (BKPM) to a ministry, thereby becoming a member of the Cabinet, would not be effective in developing inter-ministerial cooperation and coordination, says the paper. PHOTO: BLOOMBERG Published5 hours ago https://str.sg/JydC They can read the article in full after signing up for a free account.

Indonesia: Building Up Regulations to Support Digital Economy

Indonesia: Building Up Regulations to Support Digital Economy The issuance of Law No. 11 of 2020 on Job Creation and its implementing regulations, in particular Government Regulation No. 46 of 2021 on Postal, Telecommunication and Broadcasting and Presidential Regulation No. 10 of 2021 on Capital Investment Business Fields, proposes significant regulatory changes to the technology and telecommunication sectors. 70 The issuance of Law No. 11 of 2020 on Job Creation (commonly known as the “ Omnibus Law“) and its implementing regulations, in particular Government Regulation No. 46 of 2021 on Postal, Telecommunication and Broadcasting (“ Regulation 46“) and Presidential Regulation No. 10 of 2021 on Capital Investment Business Fields (commonly known as the “ Priority List“), proposes significant regulatory changes to the technology and telecommunication sectors. With the various liberalization and investment incentives offered, the government expects to boost growth in t

The Arrival Of The Long-Awaited KBLI Numbers In Fintech - Technology

Payment Service Providers (Penyedia Jasa Pembayaran ─ PJP ) This group includes activities related to the provision of payment services to end-users of Payment System services on the front end, covering activities including, among others: displaying information about sources of funds; initiating transactions/acquiring (electronic wallets, acquirers and payment gateways); issuing payment instruments/accounts; remittance/fund transfer services. 66412 Payment System Infrastructure Providers (Penyelenggara Infrastruktur Sistem Pembayaran ─ PIP ) This group includes activities related to the operation of payment system infrastructure which is primarily used to facilitate PJP transactions, both for the PJP s own interests and the interests of the end-user, covering activities which include, among others, performing functions as a principal,

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