Indonesia’s administration has given another guideline on speculation following the section of its work creation law a year ago that remembers the evacuation of certain limitations for unfamiliar venture, in an offer to support interest in its pandemic-hit economy. The new guidelines for the law, regularly alluded to as the “omnibus law” since it changes in excess of 70 laws, …
In addition to triggering serious public health issues, the current COVID-19 pandemic has also devastated the economies of numerous countries, including Indonesia, leading to tight limits on public travel and activities. Because of the pandemic, the Indonesian economy shrank 5.32 percent in the second quarter and 3.49 percent in the third quarter of 2020. The Task Force for COVID-19 Handling …
In line with the request of the Paris-based watchdog Financial Action Task Force for the government to review its policies against dirty money, President Duterte signed into law Republic Act 11521, which further strengthens the 20-year-old Anti-Money Laundering Act, yesterday. Duterte beat the February 1st deadline that was set by the FATF for introducing improvements to AMLA by signing the …
Surprisingly, Indonesian lenders are buying up Sea Ltd and Gojek, hoping they will make progress in one of the largest unbanked markets in the world. As financial technology companies set their sights on the nation’s more than 175 million Internet users, many of whom rely on online banking services, the buying spree is set to continue. This year, Sea acquired …
The Covid-19 task force of Thailand agreed to loosen restrictions across the country to allow companies and schools to restart operations in most regions as the largest coronavirus wave to reach the nation eased. A panel meeting, chaired by Prime Minister Prayut Chan-o-cha, welcomed a proposal to reduce the number of provinces designated as high-risk areas to five from 28 …
The Department of Tourism is seeking to establish travel coupons that would subsidize the cost of reverse transcription polymerase chain reaction (RT-PCR) swab tests for visitors in an attempt to make travel more accessible. Tourism Secretary Bernadette Romulo-Puyat said in a television interview with the ANC that the DOT aims to join up with the University of the Philippines-Philippine General …
Following the planned deliberation of the omnibus bill on job development this week, the government is pinning its hopes on foreign investment and state spending to accelerate economic growth next year, the country’s top officials have said. On Oct. 2, the head of the Fiscal Policy Agency of the Finance Ministry, Febrio Kacaribu, said that economic reforms through the bill, …
