Following the issuance of Law No. 11 of 2020 on Job Creation (“Omnibus Law“), the Government of Indonesia has released the long-awaited new Investment List, under Presidential Regulation No. 10 of 2021 regarding Investment Sectors (“New Investment List“). The stated aim of the New Investment List is to boost foreign investment in Indonesia. It came … Indonesia’s New Investment List – Healthcare Sector
Since the first COVID-19 case was reported in Indonesia on March 2, 2020, the number of cases has expanded to around 4,839 as of April 14, 2020, with 459 deaths. A number of medical professionals in the country have contracted COVID-19, in part due to a lack of medical devices to diagnose, treat or prevent … Indonesian Government Relaxes Licensing Requirements for Medical Devices to Combat COVID-19
The Indonesian Ministry of Industry plans to issue a new regulation on the calculation of local content for pharmaceutical products. This planned regulation is in response to Presidential Directive No. 6 of 2016 on the Acceleration of the Development of the Pharmaceutical and Medical Equipment Industry. That directive mandated the Ministry of Industry to implement … Indonesia to Issue Local Content Regulation for Pharmaceutical Sector
Indonesia is said to be considering changes to the so-called Negative List that would ease the way for the establishment of foreign hospitals here. What are these changes and what would they mean to investors? The chairman of the Indonesian Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM”), Thomas Lembong, said on February … Indonesia Considers Opening Investment Opportunities for Foreign Hospitals
The chairman of the Indonesian Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM“), Thomas Lembong, said on February 13, 2019, that the government was considering changes to the foreign capital investment rules for foreign universities and hospitals. According to Lembong, the changes being considered would open the way for foreign universities to open campuses … Indonesia Considers Opening Investment Opportunities for Foreign Universities and Hospitals
