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ITE Law draft revision passed into law

PT VUI : Doing Business in Indonesia Posted on October 27, 2016 by Herlina HoOctober 27, 2016

The House of Representatives passed the draft revision of Law No.11/2008 on Electronic Information and Transactions (ITE) into law during a plenary meeting at the House complex in Senayan, Central Jakarta, on Thursday. “Alhamdulillah [Thanks God]. The ITE Law draft … Continue reading →

Posted in Indonesia Business, Indonesia Legal | Tagged Indonesia Investment, Indonesia Legal

Indonesia Climbs 15 Places to Rank 91st in World Bank’s Ease of Doing Business

PT VUI : Doing Business in Indonesia Posted on October 26, 2016 by Herlina HoOctober 26, 2016

Ease of doing business in Indonesia has improved, thanks to government efforts to simplify and scrap unnecessary regulations, according to the World Bank Group’s latest report released on Wednesday (26/10). Indonesia now ranks 91 from 190 countries assessed in the World … Continue reading →

Posted in Indonesia Business, Indonesia Economy, Indonesia Investment | Tagged Indonesia Economic Outlook, Indonesia Finance, Indonesia Investment

Indonesia lures Japanese to invest in Batam

PT VUI : Doing Business in Indonesia Posted on October 25, 2016 by Herlina HoOctober 25, 2016

The Batam Indonesia Free Zone Authority (BP Batam) is working with the Investment Coordinating Board (BKPM) to promote Batam to Japanese investors, eyeing to raise up to US$750 million in foreign investment by the end of the year. Gusmardi Bustami, … Continue reading →

Posted in Indonesia Business, Indonesia Economy, Indonesia Finance, Indonesia Investment | Tagged Indonesia Economic Outlook, Indonesia Finance, Indonesia Investment

Govt to Issue Logistics Policy Package

PT VUI : Doing Business in Indonesia Posted on October 24, 2016 by Herlina HoOctober 24, 2016

The Indonesian government has since September 2015 issued 13 economic policy packages which have improved the country`s investment climate through simplifying regulations which so far impeded investment. The economic policy packages have been able to improve not only the investment … Continue reading →

Posted in Indonesia Business, Indonesia Economy, Indonesia Finance, Indonesia Investment | Tagged Economic Packages Indonesia, Indonesia Finance, Indonesia Investment, Indonesia Reform Packages

Reducing Dwell Time; Customs Clearance Moved to Cikarang

PT VUI : Doing Business in Indonesia Posted on October 18, 2016 by Herlina HoOctober 18, 2016

The Coordinating Minister of Maritime Affairs Luhut Binsar Pandjaitan said that customs clearance procedures will soon be conducted at Cikarang Dry Port instead of Tanjung Priok Port. He believes that it will reduce cargo dwell time to 3 days. “If … Continue reading →

Posted in Indonesia Business, Indonesia Economy, Indonesia Investment | Tagged Indonesia Economic Outlook, Indonesia Finance, Indonesia Reform Packages

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