Indonesia’s Omnibus Law Makes Changes to Labor-Related Sectors The government and the House of Representatives have already concluded the discussion over the Omnibus Law on Jobs Creation, which is seen to trigger changes to labor-related sectors. Thus, the Omnibus Law in Job Creation No. 11 of 2020 has been issued on 2 November 2020 by…
Indonesian Government Revises Laws to Boost Investment and Jobs The Indonesian House of Representatives passed the landmark Omnibus Law on Job Creation on October 5 to improve the business climate. The government has amended 79 laws to boost investments and jobs, making Indonesia more competitive and attractive as an investment destination. According to the World…
In Pandemic, Indonesia Introduces Tax Policy on Digital Goods and Services With the public shifting to the online world, the Indonesian government found it necessary to implement tax policy on digital goods and services. The taxation of the so-called digital economy has been among the top agendas of many countries. Governments are doing so to…
IMF Calls for Broad-based Tax Reform to Support the Indonesian Economy The International Monetary Fund (IMF) is encouraging the Indonesian government to implement a broad-based tax reform as a means of improving its revenue as the economy slows down due to the coronavirus pandemic. In an interview with The Jakarta Post, IMF mission chief for…
Making Accounting in Restaurant Business a Priority for Restaurateurs Accounting is about dealing with numerous numbers and what they are telling you. It involves, collection, classification, and analysis, among others, of every financial data in your business. Accounting helps your business know its financial position, so you have an idea of where to go and…
Government Releases Special Tourism Grants to Aid Ailing Sector The Indonesian government has made sure to take care of the tourism industries affected by the pandemic. In October 2020, it released Rp 3.3-trillion worth of special tourism grants to aid the regional governments and businesses rejuvenating the tourism industry. Tourism and Creative Economy Minister Wishnutama…
Indonesia is Encouraged to Have Fair Regulations for Foreign Investors Senior legislator Rachmat Gobel calls for fair regulations for foreign investors to attract more business ventures in Indonesia. By having such, the country can also see improvement in the quality of the investments being approved. Gobel expressed his sentiments toward foreign investors’ regulations after Japanese…
Identifying and Overcoming Technological Challenges at the Same Time Innovation and technology appear to be synonymous nowadays as the latter helps pave the way for the former. As we continue to live in a fast-paced world, the companies should not be reluctant in adapting to new technology to not only belong but to lead the…
Choosing the Corporate Secretaries Equipped with the Best Leadership Skills Companies are now seeking the assistance of corporate secretaries for the success of their business. As we all know, their duties are encompassing the whole organization, which makes their role very important. Of course, business owners should look for the corporate secretaries who have the…
Knowing the Basics of Board Meeting Preparation for Company Secretaries Company secretaries are increasingly becoming more vital for businesses to run and operate efficiently. While they oversee and implement corporate governance policies, they are also tasked with the board meeting preparation. Doing this job is such a big deal. During these meetings, the board directors…
