The New Investment List contained in Presidential Regulation No. 10 of 2021 regarding Investment Sectors (the New Investment List) contains significant changes to foreign direct investment (FDI) in Indonesia. These changes were foreshadowed by the enactment in November 2020 of Law No. 11 of 2020 regarding Job Creation (the Omnibus Law), and include liberalisation of certain aspects of the healthcare and pharmaceutical sectors.
We present our observations on the key FDI changes under the New Investment List for businesses operating in Indonesia’s healthcare and pharmaceutical sectors. Continue reading
Since Law No. 11 of 2020 (the Omnibus Law) came into effect on 2 November 2020, the Indonesian government has issued a series of regulations to guide its implementation, including what we consider to be a ‘mixed bag’ of labour reforms. We highlight the key changes under these labour reforms that employers need to consider. Continue reading
The new investment list under Presidential Regulation No. 10 of 2021 regarding Investment Sectors (the New Investment List), which sets out new foreign investment restrictions for a raft of sectors in Indonesia, has replaced the former negative list under Presidential Regulation No. 44 of 2016 (the 2016 Negative List) since 4 March 2021. Continue reading
Indonesia’s New Investment List opens a number of sectors to foreign investment from 4 March 2021.
The number of sectors subject to foreign ownership restriction on its face appears to have been significantly reduced. However, given the complexity of the relevant regulations in the context of the broader law reforms introduced by the Omnibus Law, the new rules do require careful analysis, particularly of any sector-specific legislation which may remain applicable. Continue reading
The Indonesian government has published its long-awaited new investment list, under Presidential Regulation No. 10 of 2021 regarding Investment Sectors (the New Investment List), which sets out important new foreign investment rules for a raft of sectors in Indonesia. It will replace Presidential Regulation No. 44 of 2016 (known as the 2016 Negative List) when the New Investment List takes effect on 4 March 2021. Continue reading
On 5 October 2020, Indonesia’s Parliament passed the 2020 Job Creation Law (Omnibus Law), introducing significant amendments in a range of areas, including Indonesia’s laws on investment, employment, immigration, environmental standards, business licensing and building permits. The law is now awaiting the signature of the President. If the President fails to sign the law within 30 days, it will be deemed effective at that time in any event. Continue reading