Fdi

Indonesia was surprised on a holiday by the issuance of the Job Creation Government Regulation in Lieu of Law (Perppu) as a replacement for the law currently being debated by the Constitutional Court (MK). This appears to have been driven by the government’s concerns about foreign investment. The argument is that the Job Creation Law being contested at the Constitutional Court creates uncertainty for investors. This is compounded by the approaching election year, which makes the future of the law – currently in the government’s court – even more uncertain.

Jan 7, 2023