The Indonesia Investment Authority (INA) which was set up in January 2021 is an institution for investment endowment fund management established by Law to increase and optimize the value of state assets in the long term to support sustainable development. It has won enormous interests and trusts from both domestic and foreign investors, especially in the field of infrastructure.

“With a strong legal foundation and political support as well as a great supervisory board …

In January 2021, Presidential Regulation No. 2 of 2021 concerning Ratification of the Convention abolishing the requirement of legalization for Foreign Public Document (“PR 2/2021”) was enacted by the Government. According to the Convention abolishing the requirement of legalization for Foreign Public Document (“Apostille Treaty”), there are four types of …

The Ministry of Agrarian Affairs and Spatial Planning (ATR)/ National Land Agency (BPN) or Kementerian Agraria dan Tata Ruang /Badan Pertanahan Nasional (“ATR/BPN”) has issued new regulations regarding electronic land certificates.
Starting in 2021, ATR/BPN will begin to use electronic land certificates as stipulated in the Regulation of the Minister of ATR/Head of BPN Number 1 of 2021 concerning Electronic Certificates which was signed on January 12, 2021. This means that proof of ownership of a land certificate or land book will…

When it comes to looking for investment options, expert advice is always welcome. On this occasion, we unveiled some consideration to investing in Indonesia. In recent months, foreign investors pulled out of Southeast Asian equity markets as increased uncertainty caused by the coronavirus pushed them to seek safer investments elsewhere. Consequently, this year’s stocks in Southeast Asia have decreased. Still, JPMorgan analysts believe the worst may be over. Some businesses and sectors remain enticing.

Currently, many factories are trying to move out of China. They are looking for opportunities in the Southeast Asia region. If you are one of these business owners looking for the best place to invest your capital or move your factory, you can look at Indonesia. Our country is always available for all investors from many other countries…

COVID-19 has had a devastating effect on many businesses around the world and Indonesia, although the number of confirmed COVID-19 cases are very low in comparison to its vast population, is affected the same way as other countries. Many companies have experienced a sharp drop in revenue while their fixed costs have largely remained at the same level. This is also affect the foreign investment in Indonesia. Indonesia has recorded a further decline in foreign direct investment realization in the second quarter this year, as the COVID-19 pandemic batters both the national and global economy….

In principle, all companies should have a so-called business continuity plan – commonly known as “BCP” – in place. Business continuity planning is the process a company undergoes to create a prevention and recovery system from potential threats such as natural disasters or cyber-attacks. It is designed to protect personnel and assets and make sure they can function quickly when disaster strikes…

Some parts of Indonesia, and Jakarta in particular, have again went into a lockdown as of mid-September 2020 as a result of COVID-19. Although the lockdown is scheduled to only last for two weeks, yet additional lockdowns may be necessary. Either way: with or without social distancing, meeting in person has become much more difficult. Many key decision makers work from home and prefer to not meet others in person in face of the risk of getting infected. This raises the question on what the formal requirements are for closing a deal in Indonesia and, in particular whether contracts and other…

Background Overview
The potential for misuse of sensitive personal information has triggered legislative and regulatory action across the globe, including Indonesia. On 24 January 2020, President Joko Widodo signed the Personal Data Protection (PDP) Bill which is currently being finalised by the Indonesian House of Representatives (DPR) and will be targeted to be passed on the upcoming months.

Dismissing Employees in Times of COVID-19

COVID-19 has had a devastating effect on many businesses around the world and Indonesia, although the number of confirmed COVID-19 cases are very low in comparison to its vast population, is affected the same way as other countries. Many companies have experienced a sharp drop in revenue while their fixed costs have largely remained at the same level.

For many companies, a large portion of these fixed costs are employee salaries. It is thus not surprising that there had already been many layoffs at the beginning of the global pandemic: