Indonesia’s Ban on Raw Mineral Exports Takes Effect
On Sunday, January 12th, Indonesia’s controversial ban on raw mineral ore exports took effect an hour after President Susilo Bambang Yudhoyono signed off on some eleventh hour exemptions. The rationale behind the ban is to encourage the domestic processing of raw mineral ore into higher value metal products. The hope is that a greater share […]
ASEAN Infrastructure Fund Grants First US$25 Million Loan to Indonesia
Dec. 10 – The Asian Development Bank’s new ASEAN Infrastructure Fund (AIF) has granted its inaugural loan to an Indonesian electricity project. The US$25 million loan will go towards developing power links and expanding transmission networks from Java to Bali. Improvements are needed to solve widespread power outages and blackouts that are negatively impacting Indonesia’s […]
Indonesia Focuses on Improving Investment Climate
Dec. 6 – In Indonesia, securing long-term investment remains a high priority following a summer of sudden capital outflows. “We need to implement breakthroughs to improve our investment climate,” said Perry Warjiyo, Deputy Governor of Bank Indonesia, the country’s central bank. “That’s the key to attracting foreign direct investment.” There has been some progress in […]
Indonesia Seeks Private Investors for Massive Infrastructure Upgrade
Nov. 15 – On Wednesday, Indonesia announced US$35 billion plans for new infrastructure projects to address what many view as the single largest deterrent to investment in Southeast Asia’s largest economy. Coming a day after senior executives at the World Bank vocalized concerns about Indonesia’s deteriorating infrastructure, the Indonesian government announced that of the 56 […]
Work Permits and Visas in Indonesia
Indonesia passed new immigration laws in 2011, and as a result there are now various options available to foreign workers for obtaining visas and working permits in the country. We examine Indonesia’s work permits and visa types here.
Indonesia to Relax Tourism Visa Process
Indonesia, currently hosting the annual APEC CEO Summit, will relax its tourist visa application process in a move that should help increase the numbers of travelers visiting the country.
ASEAN Meeting Held in Indonesia, Leaders Pledge Inter-ASEAN Support
Sept. 19 – The leaders of the capital cities within the 10 ASEAN countries have begun to enhance inter-ASEAN relations through increased cooperation in response to preparing for upcoming ASEAN Economic Community (AEC) – an initiative for the creation of a single ASEAN market, which is slated to be complete by the end of 2015 […]
ASEAN, Indonesia Ready to Phase out Haze
Jul. 19 – The ASEAN nations have recently agreed to better monitor the burning of jungles throughout the region – especially in Indonesia and Malaysia – by way of a newly signed agreement after thick smoke has clouded parts of Singapore for much of the past month. The agreement allows for the better dissemination of monitoring […]
ASEAN’s Rising Minimum Wage Levels: Indonesia
Investors have complained that the somewhat drastic minimum wage hikes amongst ASEAN nations have hurt the market in terms of global competitiveness. In this article we will discuss the impact of recent minimum wage changes in Indonesia on conducting business in the country.
Indonesia Ponders TPP Membership
The Indonesian government has shown interest in joining the United States-led Trans-Pacific Partnership (TPP), saying that its entry into the TPP negotiations would depend on trade agreements with key partners in the region.