Mar

16

Indonesia Investment Authority wins trusts from both domestic and foreign investors

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 and a board of directors and a strong international network, I believe that the Indonesia Investment Authority (INA) will gain national and international trusts and be able to be a world-class Sovereign Wealth Fund,” Indonesian President Joko Widodo said. He mentioned last year that INA has potential to bring new investment around $20 billion to the country. The government has seen great opportunities after approaching the potential investors, including United Arab Emirates, Japan, Britain, Germany, and United States.

Beliefs in INA come from the reasons below. – The establishment of INA has a strong legal basis, namely the job creation law which helps to create jobs and increase foreign and domestic investment by reducing regulatory requirements for business permits and land acquisition.

– INA is a professional institution protected by law and uses professional considerations in determining its works.
– Its management team is made up of the best professionals who have international experiences, and head hunters. “The INA is managed by the nation’s best talent who are experienced on the international stage,” said Joko Widodo.

Finance minister, Sri Mulyani, revealed that INA will form a master, sub Fund and a joint venture company to carry out the the sovereign wealth fund’ strategic investment plans. Most of the funds would invest in brown field projects that already have revenue streams such as toll roads, airports and ports.

It was reported that the government has injected capital Rp15 trillion (US$1.07 billion) in the new state firm. To increase the investment capacity of INA, the government is committed to lifting up the capital of the agency up to Rp75 trillion gradually until end of this year.

The lawyers’ team of Schinder has extensive experience to support clients in business formation, compliance, acquiring properties, obtaining permits, hiring workers and contractors and every other legal need for their business. Should you or your company need to have a legal opinion related to investment in Indonesia, please do not hesitate to contact us or drop us an email at info@schinderlawfirm.com

Reference:
https://www.thestar.com.my/aseanplus/aseanplus-news/2021/02/21/indonesiainvestment-authority-have-the-domestic-and-foreign-trusts-confidences
https://setkab.go.id/en/president-jokowi-introduces-indonesia-investment-authorityssupervisory-board-members/
https://theinsiderstories.com/various-strategy-prepares-in-indonesia-investmentauthority/

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Dear valued Visitor,

Data is a valuable currency in this new world. In the midst of digital transformation, the Indonesian government has taken the final decision to pass the Pelindungan Data Pribadi (PDP) Bill by September 2022. The PDP Law applies to all businesses established in Indonesia and puts the consumer in control. The task of complying with this regulation falls upon businesses.

The PDP Law affects a variety of business operations, including how your sales team prospect and how marketing initiatives are managed. Businesses have had to reassess their business procedures, applications, and forms. Additionally, all businesses that work with personal data should designate a Data Protection Officer (DPO) or data controller to oversee PDP compliance.

In line with this spirit, it gives us great pleasure to announce and share with all our esteemed clients and business associates that Schinder Law Firm is prepared to assist your company to understand the impacts of the Personal Data Protection Law (PDPL) and take the required measures to comply with the law. Our Privacy, Data Protection, and Cybersecurity practice group is a pioneer in providing data privacy law services in Indonesia. Personal data protection services include but are not limited to:

  • Assessing the existing systems, processes, and controls, etc.
  • Providing provide gap assessment on the existing systems, processes, and controls, etc.
  • Developing and ensuring contracts and agreements comply with the PDP Law
  • Developing policies, best practices, and procedures
  • Advising on the security of personal data and managing data breaches
  • Acting as the Data Protection Officer (DPO) and advising upon the appointment, role, and responsibilities of a data protection officer
  • Advising on cross-border transfers of personal data
  • Carrying out data protection impact assessments and data protection audits
  • Recommending other necessary corrective actions in order to comply with the PDP Law
  • Training on the PDP Law tailored to clients’ businesses

We look forward to many more opportunities in the year ahead with your continued support and trust. For consultation, please send us a WhatsApp or Email.

Warmest regards,
Naz Schinder
Managing Partner

Keep Up with the New Law in Indonesia: Personal Data Protection

  • Assessing the existing systems, processes and controls, etc.
  • Providing provide gap assessment on the existing systems, processes and controls, etc.
  • Developing and ensuring contracts and agreements comply with the PDPL.
  • Developing policies, best practices and procedures.
  • Advising on security of personal data and managing data breaches.
  • Acting as the Data Protection Officer (DPO) and advising upon the appointment, role and responsibilities of a data protection officer.
  • Advising on cross-border transfers of personal data.
  • Carrying out data protection impact assessments and data protection audits.
  • Recommending other necessary corrective actions in order to comply with the PDPL.
  • Training on the PDPL tailored to clients’ businesses.
Privacy, Data Protection and Cyber Security
We help our clients to understand the impact of the Personal Data Protection Law (PDPL) on their companies and take the required measures to comply with the law.