Behind every success of business expansion is the comprehensive knowledge of regulations, legal compliances, procedures and socio culture, among others. If you are intending to expand to Indonesia, get our free copy of e-book to learn about starting a business in Indonesia, everything you need to know from A-Z. Simply click the "download" button below.
The developing economies of India and Indonesia have prospered in recent years as a result of their mutual cooperation. According to the Indian Embassy assessment, Indian investment in Indonesia is over $15 billion, whereas Indonesia’s investment in India has reached $627 million. This article deals with various aspects of Indonesia’s digital economy and how doing …
What Is KBLI and What Does It Mean? To conduct business efficiently overseas, the host country requires foreign investors to comply with the country’s laws and regulations. Similarly, for foreign investors investing in Indonesia, one of the crucial compliance is ensuring that the business activities are classified under the Indonesia Standard Industrial Classification (Klasifikasi Baku …
The Covid-19 pandemic has, and continues to affect the economies globally. However, the Indonesian government has taken a prudent measure by enforcing the Job Creation Law in 2020 to attract more investment as part of a national economic recovery program. Under this law, several business regulations, including Business Licensing were subjected to changes that could …
In light of the recent COVID-19 outbreak, the Vietnamese government introduced Decree no. 152, under which local DOLISAs (The Department of Labor, Invalids, and Social Affairs) have heightened their scrutiny over applications for work permits. The Decree states that foreigners must possess professional degrees that are relevant to their positions and work permit renewals issued …
Indonesia is the fastest-growing internet economy in Southeast Asia, with over 170 million internet users. In 2020, the Gross Market Value of the e-commerce industry stood at US$40 billion and is expected to rise to US$83 billion by 2025, making it an opportune moment for investors to open a logistic company in Indonesia. According to …
Manufacturing in Indonesia assumes great importance in attracting foreign investments as it contributes to almost a quarter of the national GDP and employs over a fifth of the working population. Prompt Manufacturing Index – Bank Indonesia (PMI-BI) which is a composite indicator of manufacturing sector performance in Indonesia, indicated that manufacturing activities have increased in …
The Indonesian economy has been growing at a staggering pace in the past decades, but the country’s state of health is currently facing complex problems. Due to the lack of national reformulation agenda by the government, the majority of consumers depend on the food industry for healthier products. Therefore, they has a pivotal role to …
Why is Bali an Ideal Place for Restaurant Business? Considered a major tourist hotspot in Indonesia, the Island of Gods provides the perfect blend of opportunities to investors for opening a restaurant in Bali. Indonesia’s tropical climate, endless coastlines, and volcano-made fertile grounds make the country an ideal hub for a vast variety of food …
Indonesia Trade Industry Outlook Foreign investors must have an Indonesia import license when entering the Indonesian trade industry. Foreign trade has been paramount in boosting Indonesia’s economic growth by contributing 37.3% towards the GDP in 2019. The International Monetary Fund projected export of goods and services to bounce back by 18.4% and imports to ascend …
Investing in Lombok, Bali, and other Indonesian islands is not something new to foreign investors. A reason for its popularity is its growth potential, and how fast its tourism sector recovers from adversity. Not so long ago, Bali’s tourism industry received a heavy blow when the volcano – Mount Agung started showing signs of eruption …
Opening Digital Banks In Indonesia – A Right Move For Foreign Investors Now? And Can They? Indonesia’s banking sector is marching towards a digital revolution. Indonesia’s Central Bank – Bank Indonesia, estimates that digital banking transactions are expected to reach IDR 32,206 trillion (US$2.3 trillion) by the end of 2021. A substantial increase from IDR27,036 …
Voice of the Enterprise: Coronavirus Flash Survey, conducted by 451 Research showed that 38% of participating companies expect work-from-home models in a long-term or permanent way of managing their workforce. As the pandemic prolongs, more companies are seriously considering adopting a work-from-home model and policy. Either way, as a result, more companies are looking to …
