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Singapore investors welcome Indonesia's new Omnibus Law


Indonesia came in 73rd position on an international ranking for ease of doing businesses by the World Bank in 2019. - Reuters
JAKARTA (The Straits Times/ANN): Singapore businesses hope Indonesia s new Omnibus Law will bring essential reforms in a wide range of areas from business permits to labour, enabling businesses to operate more efficiently in South-east Asia s largest economy.
The law aims to simplify processes to get business licences and also introduces flexibility in the country s labour market by easing recruitment and outsourcing.
The Positive Investment List, a regulation issued as part of the Omnibus Law, opens up sectors such as energy, telecommunication, transportation and construction services to 100 per cent FDI, a spokesman for Enterprise Singapore (ESG) told The Straits Times by email. ....

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Indonesia Bucks the FDI Trend as Omnibus Law, Vaccination Stoke Investors' Confidence


Indonesia Bucks the FDI Trend as Omnibus Law, Vaccination Stoke Investors Confidence
BY :TRIYAN PANGASTUTI
JANUARY 25, 2021
Jakarta. Indonesia attracted $7.7 billion in foreign direct investment last year, only down slightly from the year-earlier as the largest economy in Southeast Asia managed to stock up investors confidence in its economic resilience and prospect amid the Covid-19 pandemic. 
The Investment Coordinating Board (BKPM) announced on Monday that the foreign direct investment (FDI) into Indonesia reached Rp 413 trillion ($7.7 billion), down 2.4 percent from 2019. 
The largest economy in Southeast Asia fared much better compared to other countries in the region, which saw a 31 percent drop in total FDI last year, according to data from United Nations Conference on Trade and Development published on Sunday.  ....

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