Indonesia’s new “Omnibus Law” is slated to stimulate growth by streamlining business processes and addressing the problem of over-regulation in Indonesia. The law eases restrictions across a wide range of critical areas including labour law, business licensing, capital investment, corporate tax and land acquisition. These essential reforms are designed to make Southeast Asia’s largest economy a more attractive destination for foreign businesses and investors.
The webinar was moderated by Debbie Woo and joined by speakers Eko Basyuni (Indonesia) and Dr. Riyatno, S.H., LL.M., Deputy Chairman for Investment Cooperation of the Indonesia’s Investment Coordinating Board (BKPM), who did a deep-dive into the key ways in which the Omnibus Law has eased foreign investment restrictions, and looked into how foreign investors can position themselves to benefit from this new law. The speakers also discussed the anticipated impact of the Omnibus Law and shared real-life practitioner’s perspectives, insights and advice on this landmark new legislation.