Journal articles on the topic 'Investments, Foreign Indonesia'
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1
Prisandani, Ulya Yasmine, and Felix Pratama Tjipto. "Revisiting the need to regulate foreign portfolio investor in the Indonesian stock market." Legality : Jurnal Ilmiah Hukum 29, no. 2 (June 11, 2021): 184–99. http://dx.doi.org/10.22219/ljih.v29i2.15216.
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This research aims to reintroduce the issue of foreign portfolio investment in Indonesia by way of presenting an analysis on the prevailing Indonesian laws and regulations, comparative analysis with well-established jurisdictions, as well as an evaluation on the need for regulating foreign portfolio investment in Indonesia. The methods used in this research combine normative and empirical methods where a review is conducted on the laws and regulations in Indonesia as well as in South Korea and India as comparative jurisdictions, in addition to an interview conducted with the Indonesian Stock Exchange. The research found that Indonesia does not have a separate, comprehensive set of regulations on foreign portfolio investments yet whereby inferences need to be made from the prevailing laws and regulations that are general in nature. After the comparative overview and analysis, there appears to be a need for separate regulation for foreign portfolio investments in Indonesia, either by way of enacting a completely new set of laws and regulations or alternatively, by way of creating implementing regulations to support the prevailing laws.
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Feriyanto, Nur. "The effect of employment, economic growth, and investment on HDI: In provinces in Indonesia." Journal of Economics, Business & Accountancy Ventura 19, no. 1 (July 31, 2016): 1. http://dx.doi.org/10.14414/jebav.v19i1.537.
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This study aims to analyze the effect of Number of Working People (Employment), Economic Growth Rate (EGR), and Investment on Human Development Index (HDI) in Indonesia, partially and simultaneously. This study used investments consisting of Domestic Investment (DI) and Foreign Direct Investment (FDI). It used the method of analysis of panel data regression analysis with the data from thirty-three provinces in Indonesia from 2006 to 2013. The results indicate that the employment variables have positive and significant impact to HDI in Indonesia. It shows that EGR does not affect HDI in Indonesia. However, Domestic and foreign direct investments partially have positive and significant effect on HDI in Indonesia. Simultaneously, the variables employment, EGR, domestic and foreign direct investments have a significant effect on the HDI in Indonesia.
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Sugiartiningsih, Sugiartiningsih. "PENGARUH INFLASI INDONESIA TERHADAP PENERIMAAN PENANAMAN MODAL ASING LANGSUNG KOREA SELATAN DI INDONESIA PERIODE 2000-2014." Jurnal Manajemen Maranatha 17, no. 1 (November 9, 2017): 33. http://dx.doi.org/10.28932/jmm.v17i1.416.
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One of the keys to success in improving the economic prosperity of a country is evident from its response to bilateral or multilateral relations, particularly in the making of investments. Indonesia as a country that has started the construction of the New Order can not be separated from the role of foreign capital. In reality in the 1990s looks acceptance by the Indonesian foreign capital is relatively low compared to the developing countries in Asia. China is the largest recipient of foreign capital, followed by Singapore and Malaysia. In more remote Indonesian government continues its efforts to increase Foreign direct investment, especially from South Korea. As we all know South Korea is an important trading partner for Indonesia. Indonesia bilateral relations with South Korea have occurred since the New Order and has impacted the relatively low added value for Indonesia, especially in the 1990s. In the development of bilateral relations between the two countries increased, especially after entering the Reformation Era. This condition is supported by inflation in Indonesia is considered quite stable. This study aims to determine the effect of inflation on the acceptance Indonesia Foreign direct investment from South Korea to Indonesia during the period 2000-2014. The research methodology used is quantitative approach using simple regression model. Based on the results of the calculations, and a significant negative correlation between inflation in Indonesia and the acceptance of Direct Foreign Investment from South Korea in Indonesia. This is consistent with Fisher's theory that the decline in inflation Indonesia will be followed by a decline in interest rates Indonesia which ultimately impact the increased investment in Indonesia. Besides these reasons, the negative relationship, emphasizing that the investment climate in Indonesia has improved so trust Foreign investors, especially from South Korea in Indonesia is quite large. Keywords: Foreign direct investment, inflation in Indonesia
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Wage, Sunarto. "Faktor Faktor Yang Mempengaruhi Investasi Asing Langsung di Indonesia." JURNAL AKUNTANSI BARELANG 5, no. 1 (December 9, 2020): 22. http://dx.doi.org/10.33884/jab.v5i1.2642.
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This study analyzes and analyzes the factors that influence investors to make investments. Many factors influence investors to make direct investments. Researchers are motivated to study and analyze the factors that influence the decision of multinational companies to make direct investments in Indonesia. Based on previous theory and research, there are some of the biggest determinants of investment, labor, infrastructure, trade openness, exchange rates, trade, interest rates, and economic growth. The theoretical basis used in this study of foreign investment is; (1) classical investment theory, (2) Keynesian investment theory, (3) comparative advantage theory, (4) product cycle theory developed, (4) modern monopolistic advantage theory, (5) leader following theory, (6) investment theory cross, (7) financial factor theory, (8) and eclectic theory. The object of research was carried out in Indonesia. To answer the research problem, the data used from 1997 to 2017 in Indonesia are sourced from the 2018 ASEAN Statistics Yearbook and answer using multiple regression with SPSS 25. Based on the research results, market size affects foreign direct investment in Indonesia while the workforce, infrastructure trade openness, exchange rates, ethnicity, and economic growth do not affect direct investment in Indonesia.
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Wuryandari, Utji Sri Wulan. "NASIONALISASI PT INALUM MENURUT UNDANG-UNDANG PENANAMAN MODAL (UNDANG-UNDANG NO. 25 TAHUN 2007) : PRO KONTRA INDONESIA DAN JEPANG." Jurnal Riset Manajemen dan Bisnis (JRMB) Fakultas Ekonomi UNIAT 1, no. 1 (June 1, 2016): 41–48. http://dx.doi.org/10.36226/jrmb.v1i1.9.
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Research in the sphere of Foreign Investments would be so remote in Indonesia, this research examines the Japanese joint venture legal entity with Indonesia, PT. Inalum which have a potential asset in supporting the improvement of the people's economy. Furthermore PT Inalum engaged in the aluminum smelting ore in North Sumatera that has a hydroelectric power plant which can generate 600 Megawatts of electricity. In Act number 25 of 2007 on Investment Article 7 declared that the nationalization of foreign investment companies occur with requirements, therefore in this study examines the "Nationalization PT Inalum according to Investment Law in Indonesia." Although this research is done normatively but we conducted interviews with informants of the Japanese in this case Mrs. Haruna Hiroko and delivery guidance interview conducted via email to a resource, Prof. Yuketa Hiroshi of Touin University in Yokohama, Japan. Results of the research noted that the completion of the nationalization of PT Inalum in Indonesia is not resolved by the Foreign Arbitration Board, as the mandate of the Act, but it is done by deliberation.
Keywords: Foreign Investments, Indonesia
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Sriwardiningsih, Enggal. "Dampak Pertumbuhan Ekonomi, Suku Bunga, Inflasi, dan Kebijakan Fiskal terhadap Investasi di Indonesia." Binus Business Review 1, no. 2 (November 30, 2010): 307. http://dx.doi.org/10.21512/bbr.v1i2.1077.
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Difficulty of finding investment funding has made a nation uses every means to gather them. Sources of investment funding to come from domestic as well as from abroad. Governments should be able to induce foreign investors to be interested in investing in Indonesia, as well as how to make the capital owners in the country to remain willing to make investments in Indonesia so that they do not invest their capital abroad. In this regard, the government must be able to prepare a conducive investment climate in the country (economic growth, interest rates, inflation, and macroeconomic policies in the country) for economic actors to feel safe in their activities. The purpose of this study is to see the impact of domestic capital and foreign capital in investment transactions in Indonesia. The methodology used is regression with time series. The analysis showed that changes in macroeconomic conditions such as growth, interest rates and inflation in some developed countries, including America and European countries in the region does not give a significant influence on Indonesian Foreign Investment, therefore the impact of the severe financial crisis in America and Europe today on Indonesian Foreign Investment is still within limits of tolerance. Therefore, although there are problems in the investment climate in Indonesia, Indonesia's investment prospects over the coming period is still good, though perhaps with slowed investment growth.
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., Mardiansyah, and Dian Octaviani, ME. "ANALISIS SIMULTAN ANTARA ALIRAN MODAL, NILAI TUKAR DAN INFLASI DI INDONESIA PERIODE 2000.01 – 2012.09." Media Ekonomi 21, no. 1 (November 3, 2017): 42. http://dx.doi.org/10.25105/me.v21i1.792.
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<p>Globalization and the open economic enchanced the integration of financial market and the economic condition in several countries. The effects of such integration shows in the movement of capital flows between countries. The potential risks of the capital flows, such as sudden reversal, the pressure on the exchange rate and high inflation and the susceptibility on financial sector, might be be arised. The goal of this research is to analyze the relationship between capital flows, exchange rates and inflation in Indonesia period 2000.01 – 2012.09. The method used in this research is simultaneous equations method. The model equations in this study are divided into two, which are a short-term investments are proxied from portfolio investment and long-term investments proxied from foreign direct investment. The results of the first model estimates the short-term investments shows that the exchange rate and inflation does not significant affecting short-term investments, but the ratio of domestic interest rates to foreign interest has a positive and significant impact on short-term investments. While, a short-term investments has negative and significant impact on exchange rate IDR per USD and inflation positive and significant effect on exchange rate. Factors affecting the rate of inflation is SBI interest rate and the money supply. One the other hand, the results of the second model estimation shows that the exchange rate and inflation has positive and significant impact on the flow of foreign direct investment. Inflation rate does not alter the terms of the investor’s decision in investing in Indonesia, because it was followed by the improvement in economic conditions in Indonesia.<br />Keywords: Capital Flows, Exchange Rate, Inflation, Simultaneous Equation</p>
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Salle, Salle, Lusiana Lusiana, and La Ode Husen. "Authority of Regional Governments in Developing Investment in the Regional Investment." Asian Social Science 16, no. 1 (December 31, 2019): 22. http://dx.doi.org/10.5539/ass.v16n1p22.
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This research conducted with the aim of 1) To find and analyze the arrangements for the entry of foreign investors in investment in Indonesia, and 2) To find, analyze and develop the authority of the Regional Government in developing investments in regional investment. Legal research is a scientific activity, which is based on certain methods, systematics and thoughts that aim to learn something or some symptoms of a particular law, by analyzing it. In this case the research conducted by the author is research on legal protection of foreign investors in investment according to the Indonesian system.
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Djulius, Horas, Choi Wongyu, J. Juanim, and Raeni Dwi Santy. "Nexus of Foreign Direct Investment, Domestic Investment, and Manufacturing Industry Value Added in Indonesia." Signifikan: Jurnal Ilmu Ekonomi 8, no. 1 (March 10, 2019): 1–8. http://dx.doi.org/10.15408/sjie.v8i1.9520.
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The development of the manufacturing industry is one of the standards for Indonesia's development as a developing country. Domestic investment (DI) and foreign direct investment (FDI) can meet investment needs in this industry. This paper focuses on the nexus of the two types of investment in meeting investment needs in the manufacturing industry and the influence of those investments in relatively capital-intensive and relatively labor-intensive industrial groups. The aim is to evaluate the role of both types of investments and their benefits to the economy not only to the value-added but also in transferring technology and knowledge spillover from FDI to DI. The panel data regression was first to do to observe the differences between groups of relatively capital-intensive industrial samples and relatively labor-intensive industrial samples. The comparison results show that there are significant differences between the two industry groups so that it can be regressed on these two sample types, apart from the regression of the overall sample. The overall sample found that both FDI and DI influence the value-added of the manufacturing industry.
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Hidayati, Risqi Nurika Fatha, Masruri Muchtar, and Pardomuan Robinson Sihombing. "Pengaruh Investasi dan Pertumbuhan Ekonomi terhadap Kemiskinan Provinsi Jawa Barat 2011-2021." Jurnal Ekonomi Dan Statistik Indonesia 2, no. 2 (September 16, 2022): 222–28. http://dx.doi.org/10.11594/jesi.02.02.10.
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West Java Province is a province in Indonesia that always shows the realization of foreign and domestic investments that are superior to other provinces in Indonesia. On the other hand, poverty in West Java Province still becomes a main problem as indicated by the high number of people living in poverty. This study aims to determine the effect of investment and economic growth on poverty in West Java Province in 2011-2021. The results show that the high realization of investment has no significant effect on poverty in West Java. However, the high economic growth in West Java has a significant and negative effect on poverty in the area. The government can take the right policies to continue to increase economic growth in West Java and take other steps apart from investing both foreign and domestic investments.
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Hakim, Abdul, and Gemala Dewi. "CAPITAL INVESTMENT: A CASE STUDY OF ACEH PROVINCE, INDONESIA." Kanun Jurnal Ilmu Hukum 24, no. 1 (April 1, 2021): 80–105. http://dx.doi.org/10.24815/kanun.v24i1.26806.
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The capital investment in Aceh between 2010 and 2017 happens after the conflict and tsunami. Management of capital investment, its growth, and factors inhibiting capital investment after conflict and disaster are the focal points of this study. The purpose of this research is to determine how foreign investors in Aceh are protected under Law Number 25, 2007 and what types of security factors are present in Aceh. This research consisted of normative legal or library research. As normative legal research, only secondary data, which includes primary, secondary, and tertiary legal materials, were utilized. Based on the analysis, the Province of Aceh's management capital investment consisted of management governed by legislation governing Aceh's governance and legislation governing capital investment. In addition, the regional government of Aceh stipulated legislation governing capital investments. The growth of capital investment, both domestic and foreign, exhibited an increase, although it was not statistically significant. This slow growth was caused by security insurance, inadequate infrastructure, and the lack of legal certainty in conflict, earthquake, and tsunami-affected regions.
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Gopalan, Sasidaran, Rabin Hattari, and Ramkishen S. Rajan. "Understanding foreign direct investment in Indonesia." Journal of International Trade Law and Policy 15, no. 1 (March 21, 2016): 28–50. http://dx.doi.org/10.1108/jitlp-01-2016-0003.
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Purpose This paper aims to examine the dynamics of foreign direct investment (FDI) inflows into Indonesia. It is interested specifically in analysing and deliberating on two important policy questions: First, are all kinds of FDI useful from a policy perspective and what does the existing data on FDI reveal about the type of FDI inflows into Indonesia? Second, does the existing data help understand the extent of de facto bilateral linkages between Indonesia and other countries? Design/methodology/approach The paper offers an in-depth case study of Indonesia using extensive exploratory data analysis on FDI inflows into Indonesia. As discussed in the paper, the data investigation uses and reconciles available FDI data both from national and international sources to understand the usefulness of such data for policy analysis. Findings A data investigation of the trends in different types of FDI flows reveals a discernible downward trend in the ratio of mergers and acquisitions (M&A)–FDI ratio over the years. The paper argues that from a sequencing perspective, while a medium-to-long-term framework encouraging both domestic and foreign Greenfield investments could help Indonesia regain its growth luster, in the near term much more attention needs to be paid to FDI inflows in the form of M&As. Further, reconciling FDI and M&A data might help identify the original sources of FDI flows because existing data are based on flow of funds rather than ultimate ownership. Practical implications Since the Asian financial crisis, Indonesia has successfully embarked on a phase of economic and political transition post-Suharto, with the cornerstones of such a strategy being a process of greater democratisation and decentralisation. However, there have been growing concerns of economic growth stagnation in recent years. One of the policies to revive the economy’s lustre adopted by the government has been to attract greater FDI inflows. In this light, this paper examines the dynamics of FDI into Indonesia and deliberates on what kinds of FDI policymakers should focus on attracting to restore the country’s growth lustre. Originality/value The question of whether a policy to attract FDI should be careful in distinguishing the kind of FDI it wants to attract has not been sufficiently addressed in the related literature. This paper provides a framework to understand the different macroeconomic policy implications of types of FDI and provides extensive data analysis to not only understand the types of FDI but also sources of bilateral FDI inflows to Indonesia by reconciling FDI and M&A data.
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Sari, Vita Kartika. "The impact of macroeconomic indicators on carbon emission in Indonesia." Jurnal Perspektif Pembiayaan dan Pembangunan Daerah 10, no. 1 (April 30, 2022): 53–62. http://dx.doi.org/10.22437/ppd.v10i1.17532.
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The advancement of the industrial sector in economic activities can negatively impact the environment. Inefficient use of natural resources causes environmental damage in almost all countries. Environmental damage caused by economic activities becomes a crucial issue. Hence, the main purpose of this research is to estimate the impacts of macroeconomic indicators on increasing CO2 emissions in Indonesia with time-series data from 1970 to 2016. The macroeconomic indicators used in this research were broad money, foreign direct investment, value-added manufacturing, and international trade. The analysis method was ARDL-ECM (Autoregressive Distributed Lag-Error Correction Model) for long-term and short-term analysis. The main findings in the long term value-added manufacturing and international trade have positive effects on the formation of CO2 emissions. In contrast, foreign direct investments have significant but negative effects at the 10% significance level of CO2 emissions. In the short term, only value-added manufacturing and international trade variables have significantly influenced the formation of CO2 emissions in Indonesia. In contrast, foreign direct investments have been proven to be insignificant. Broad money in both the long and short term is insignificant to CO2 emissions. Based on these findings and changing climatic conditions, it is necessary to have economic development policies that reduce emissions to preserve the environment and human civilization in the long term.
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Sakinah and Talbani Farlian. "THE INFLUENCE OF EXPORT AND INVESTMENTS ON INSTRUMENTS OF RESERVES IN INDONESIA 2006-2015." Jurnal Penelitian Ekonomi Akuntansi (JENSI) 4, no. 2 (December 4, 2020): 191–97. http://dx.doi.org/10.33059/jensi.v4i2.3017.
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This study aims to examine the relationship between exports and foreign investment in foreign exchange reserves. This study uses causality design with quantitative methods. The data used in this study are secondary data in the form of time series for the period 2006-2015. This study uses multiple linear regression analysis methods. Based on the simultaneous F test results of exports and foreign investment there is a significant positive effect on inflation. the results of the t test show that exports partially have a significant positive effect on foreign exchange reserves. While foreign investment does not affect foreign exchange reserves.
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Novella, Sera, and Syofriza Syofyan. "PENGARUH SEKTOR MONETER TERHADAP STABILITAS SISTEM KEUANGAN DI INDONESIA." Media Ekonomi 26, no. 2 (August 18, 2019): 89. http://dx.doi.org/10.25105/me.v26i2.5211.
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<em>The Research aims to determine whether there is influence of the monetary sector on financial system stability (SKK) in Indonesia. <em>The method used in this study is the error corrections model (ECM) method. The data used in the study are Credit, Foreign Direct Investments, Portfolio Investment and Gross Domestic Product, Net Performing Loans, Exchange Rates, Inflation and Bi Rate. <em>The results showed that foreign direct investment instruments, net performing loans, exchange rates and inflation affect the stability of the financial system in Indonesia. Then simultaneously the four independent variables significantly influence the stability of the financial system in Indonesia in the long run. Bi rate and partially portfolio investment variables do not significantly influence the stability of the financial system in Indonesia. The policy implication of these results is that every investment that enters Indonesia must be properly signed and the capital inflow must be right on target and directly distributed to the projects to be built or to the intended industry, so there is no excess liquidity in the banking</em></em></em>
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Wahyuni, Wahyuni, and Umar Ma’ruf. "The function of the Notary / PPAT In filing process Acquisition of Land Rights To Interests Investment in Regional Autonomy Era Based on Act No. 25 of 2007 concerning Foreign Investment." Jurnal Akta 7, no. 2 (August 15, 2020): 189. http://dx.doi.org/10.30659/akta.v7i2.7965.
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The purpose of this study are to: 1) To be able to know and analyze about the function of Notary / PPAT in Appeals Process Acquisition of Land Rights Under the Foreign Investment Regulations. 2.) To be able to know and analyze the Protection of Investor Interests Investing in the Era of Regional Autonomy Under the Foreign Investment Law. The method shows the procedure and process of a study undertaken to achieve an objective results. Method of normative juridical approach specifications in this research is descriptive analysis, the data collection method, literature (study document), with critical analysis and finding the problems and legal issues that will be examined and gather all the information related to the problems studied.The results of this study concluded Function Notary / PPAT in the filing process of acquiring land rights based on foreign investment regulations number 25 in 2007. The function of Notaries easier for the public to take legal actions both Indonesian citizens or citizens of foreign countries who participate in investing in Indonesia , The Indonesian government also needs to prepare for national law and the law of international relations to establish it. Government to maintain legal certainty for foreign investors without discrimination by being able to compete with domestic investors. Protection of the interests of investors in investing in regional autonomy based on legislation.Keywords: Function of Notaries; Investments; Autonomy; Foreign Investment.
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Kholisiyah, Huril Aini, and Ahmad Tohirin. "Pengaruh Sektor Ekonomi Perbankan terhadap Pembentukan Modal di Indonesia." Jurnal BAABU AL-ILMI: Ekonomi dan Perbankan Syariah 7, no. 1 (April 30, 2022): 96. http://dx.doi.org/10.29300/ba.v7i1.6309.
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This research aimed to know the credit and economic sector financing of banking economy effect on capital formation in Indonesia. The more investments that banks receive from investors, the more profits they will get in the future. In this case capital formation can develop. The research type is descriptive quantitative research. This research involved Islamic Commercial Bank, Islamic Business Unit, Conventional Banking and used monthly data in 2015-2020. This research used Autoregressive Distributed Lag (ARDL) to verify short term or long term correlation of independent variables on capital formation in Indonesia. The results of this research show that the short term variables of the agricultural sector and the manufacturing sector have no effect on capital formation. While, foreign direct investment has an effect on capital formation in Indonesia. Then in the long term, the agricultural sector has not effect on capital formation. While, the manufacturing sector and foreign direct investment have a direct effect on capital formation in Indonesia. Therefore recommended that the monetary authority make efforts effectively manage bank maximal loans.
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Nidar, Sulaeman Rahman, and Erwin Jaya Diwangsa. "The Influence of Global Stock Index and the Economic Indicators of Stock Investment Decision by Foreign Investors in the Indonesian Stock Exchange." Journal of Finance and Banking Review Vol.2(1) Jan-Mar 2017 2, no. 1 (March 19, 2017): 32–37. http://dx.doi.org/10.35609/jfbr.2017.2.1(5).
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Objective - The objective of this study is to determine how the movement of several indices and indicators of the global economy affect the change in investment by foreign fund flows in the Indonesia Stock Exchange (BEI). Methodology/Technique - Some global stock indices used in this study comprise the Dow Jones index, the Nikkei 225 index, the Shanghai index (SSE) and the Singapore Index (STI). Data were taken monthly from March 2009 to June 2014. Findings - The results obtained from this study indicate that the Dow Jones index and the STI index have a significant positive effect on the movement of foreign investmentsin the Stock Exchange. In contrast, the movement of world oil prices and exchange rate of the IDR/USD have a significant negative effect on the movement of foreign investments in the BEI. Novelty - The results of this study reinforces that the depreciation of the rupiah against the USD is an indication that the fundamentals of the Indonesian economy is not strong enough. Type of Paper: Empirical Keywords: Dow Jones, Nikkei 225 Index, Shanghai Index (SSE), STI Index, World Oil Prices, World Gold Price, Exchange Rate IDR/USD
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Abib, Agus Saiful, Endah Pujiastuti, and Tri Mulyani. "Konsep Penanaman Modal Sebagai Upaya Mestimulasi Peningkatan Perekonomian Indonesia." Hukum dan Masyarakat Madani 7, no. 1 (January 6, 2017): 19. http://dx.doi.org/10.26623/humani.v7i1.1020.
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<p>Pelaksanaan pembangunan membutuhkan biaya yang sangat besar, oleh karena membutuhkan support penuh dari penanam modal khususnya penanam modal asing. Penelitian ini akan mengakaji mengenai perkembangan penanaman modal dari era orde lama, orde baru dan orde revormasi serta kendala atau hambatan serta solusi yang diberikan dalam meningkatkan penanaman modal di Indonesia. Metode pendekatan yang digunakan adalah yuridis normatif dengan mempelajari azas-azas hukum yang berasal dari bahan-bahan kepustakaan. Perkembangan penanaman modal era orde lama belum ada perkembangan, sedangkan era orde pencapaian terbaik PMA 1997 dengan 33.788.8 miliar US$ dan PMDN Rp. 119,877,2 triliun. Orde reformasi pencapaian terbaik PMA 2015 dengan mencatatkan 29,275.9 miliar US$ dan PMDN 2016 sebanyak Rp. 216,230 triliun triliun. Kendala yang dihadapi Indonesia dalam penanaman modal datang dari internal maupun eksternal. Solusi penanaman dengan kepastian hukum, penyediaan lahan, keamanan dan stabilitas politik, tenaga kerja, perijinan yang cepat, infrastruktur memadai, tersedianya pasar market.</p><p>Implementation of development requires enormous costs, and therefore require the full support of investors, especially foreign investors. This study will mengakaji about the development of the investments of the era of the old order, the new order and the order revormasi well as obstacles or barriers and the solutions given in increasing investments in Indonesia. The method used is a normative juridical by studying the principles of the law derived from the materials library. The development capital investment era of the old order has been no progress, while the order era PMA 1997 with the best achievement 33.788.8 billion US $ and foreign Rp. 119,877,2 trillion. Order of the best achievements of reform PMA 2015 with a record 29,275.9 billion US $ and foreign, in 2016 as much as Rp. 216.230 trillion trillion. Constraints faced by Indonesia in capital investment comes from both internal and external. Solution planting with legal certainty, the provision of land, security and political stability, labor, permits rapid, adequate infrastructure, market availability market.</p><p> </p>
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Mukhlis, Muhamad. "The Role of Digital Marketing in Encouraging Foreign Direct Investment, Economic Growth and Domestic Consumption in Indonesia." Tamansiswa Management Journal International 3, no. 1 (October 31, 2021): 54–59. http://dx.doi.org/10.54204/tmji/vol312021012.
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This study investigates internet users, FDI, consumption, and GDP in Indonesia to understand the relationship between digital marketing and direct investment in Indonesia and the control variables for consumption and economic growth.The World Bank has provided this data as a secondary source. For the years 2000 to 2020, the following variables will be analyzed using two different time series models. The country's GDP is used as a measure of economic growth in this study. Internet users (IU) is the dependent variable, and the other three variables, namely foreign direct investment (FDI), consumption (CO), and GDP, each of which is an independent variable from this study because they function as indicators of how the three variables are related in the long term and short for internet users. We found that internet users as an indicator of information technology literacy as well as an indicator of digital marketing in Indonesia have an impact on foreign direct investment, consumption, and GDP. This shows that digital marketing supports economic growth and domestic consumption and attracts investors to make direct investments in Indonesia.
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Faizah, Iva, Muhammad Iqbal Fasa, Suharto Suharto, Dhidhin Noer Ady Rahmanto, and Fauzul Hanif Noor Athief. "Determinants of Domestic Direct Investment in Indonesia: Islamic Economic Approach." JEJAK 12, no. 2 (November 13, 2019): 282–97. http://dx.doi.org/10.15294/jejak.v12i2.20973.
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The aim of this research is to analys the influence of Domestic Direct Investment (DDI) to Economic Growth in Indonesia (GDP) with Capital Expenditures as moderating variable. We use panel data with 9 years of observation (2010-2018) and 30 provinces in Indonesia, based on purposive sampling, secondary data and analyzed by MRA (Moderated Regression Analysis). The results indicates that, DDI actually gives negative effect on economic growth in Indonesia it was because of them is worth the investment in the country is still low when compared with foreign investment and investment out of the country, and greater fluctuations in value realization of these investments annually. Capital expenditure has proved to strengthen and change the direction of the relationship between the DDI to the GDP, due to the realization that capital spending is focused in the development of infrastructure.
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Gemilang Mahardhika, Nur. "An Epilogue To Bilateral Investment Treaties Regime And The Fate Of Foreign Investments Protection In Indonesia." Jurnal Hukum Ius Quia Iustum 29, no. 1 (January 1, 2022): 93–117. http://dx.doi.org/10.20885/iustum.vol29.iss1.art5.
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Ochsendorf, Frank. "Colonial Corporate Social Responsibility: Company Healthcare in Java, East Sumatra and Belitung, 1910-1940." Lembaran Sejarah 14, no. 1 (October 21, 2018): 83. http://dx.doi.org/10.22146/lembaran-sejarah.39862.
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This article discusses the impact of investments by foreign firms in healthcare and hygienic measures on indigenous society in late-colonial Indonesia (1910-1940), focusing on three principal centers of foreign investment activity: Java, East Sumatra and the island of Belitung. Such facilities, although primarily intended for workers and their families, were sometimes accessible for members of indigenous society without contractual or family connection to the private company furnishing them. In rare cases, private companies invested directly in the welfare of local communities. The article concludes that the impact of the social investments on the state of health of indigenous communities was generally positive and a much-needed addition to scarcely available public healthcare. While such social investments can be regarded as examples of proto-corporate social responsibility strategies, the improvement of welfare was always a means through which the ultimate goal could be achieved: survival of the company and maximization of profits.
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Cohen, Matthew Isaac. "Three Eras of Indonesian Arts Diplomacy." Bijdragen tot de taal-, land- en volkenkunde / Journal of the Humanities and Social Sciences of Southeast Asia 175, no. 2-3 (July 12, 2019): 253–83. http://dx.doi.org/10.1163/22134379-17502022.
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Abstract Sukarno took a personal interest in using the arts for presenting Indonesia in a positive light. He oversaw cultural missions abroad and produced ‘cultural events’ that showed off his grace and charisma on the dance floor to overseas guests. While Soeharto showed little interest in the arts, new modes of arts diplomacy flourished during the New Order—scholarships for foreigners to study arts, artists in residence at Indonesian embassies, large-scale festivals aiming to facilitate artistic exchange and encourage foreign investments, to name but a few. In Indonesia today, arts diplomacy is represented by its own sub-directorate in the Ministry of Education and Culture. Indonesia is promoting itself through collaborations between Indonesian governmental agencies and professional, international producing bodies, galleries, and festivals. Cultural Houses are being built in key cities abroad, along with a nationwide platform for international festivals, Indonesiana. ‘Indonesianists’, including foreign academics and students of the arts, are being recruited to promote Indonesia abroad.
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Saputro, Adi, and Taufiequrrohman Taufiequrrohman. "Investasi dalam Bingkai Politik Luar Negeri Pemerintahan Jokowi Jilid Satu dan Dampaknya bagi Masyarakat Indonesia." PERSPEKTIF 10, no. 2 (July 8, 2021): 450–66. http://dx.doi.org/10.31289/perspektif.v10i2.4612.
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In the framework of international politics, the economic dimension has a central role in relations between countries. The economic dimension, particularly investment, is a determinant factor and often becomes a global measure in achieving national development. This has also become President Jokowi's big ambition since he came to power in Indonesia. Various investments were brought in in the framework of national development and the implementation of the Nawa Cita ideals. The foreign policy which is very inclined to attract investors continues. Deregulation of domestic policies was also carried out in order to welcome investment. However, in fact, the investment that Jokowi brought and carried out did not change the lives of Indonesian people. Economic growth predicted to skyrocket has actually stagnated in the 5 years of his reign. The absorption of labor has also decreased. Not to mention other problems caused by the investment made.
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Ardiani, Ninda Ardiani. "INVESTASI RAJA SALMAN DI INDONESIA DALAM PANDANGAN EKONOMI MAKRO ISLAM." El Dinar 6, no. 1 (August 14, 2018): 45. http://dx.doi.org/10.18860/ed.v6i1.5453.
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<p class="IsiAbstractBahasaInggris"><em>The purpose of this research is to look at the investment that King Salman has made in Indonesia in view of the macro-Islamic economy. Involvement of foreign parties here provides additional existing capital, lowers existing unemployment, improves development, increases </em><em>s</em><em>elling products</em><em> value</em><em> in the country and the establishment of multiteral or bilateral cooperation. Foreign investment made by Saudi Arabia during 2016 is in position 57 of 121 existing Country. The investment made by Saudi Arabia is 0.9 USD and involves 44 Projects.</em><em> </em><em>The results of this study indicate that the granting of Saudi Arabia Investment to Indonesia in order to visit the king of salman to Indonesia gave a positive impact that is approved by the cooperation of oil refinery in cilacap. Investments in Islamic Economy Countries are underpinned by Three Factors, namely (1) there are sanctions against the less or unproductive holder (hoarding idle assets); (2) prohibited from any form of speculation and all kinds of gambling; (3) the interest rate of various loans is zero</em></p>
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Suradiyanto. "The Strategy to Increase Investment in Indonesia and Obstacles of Perfection of Investment Law." International Journal of Project Management and Productivity Assessment 8, no. 1 (January 2020): 66–76. http://dx.doi.org/10.4018/ijpmpa.2020010104.
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This study aims to examine and find barriers to the refinement of investment law development as an effort to implement strategies to increase investment in Indonesia. This article is qualitative research. Examine and find barriers to the refinement of investment law development as an effort to implement strategies to increase investment in Indonesia.The reconstruction of the capital investment law is conducted by the issuance of Law Number 25 Year 2007 regarding investments which regulate domestic investment and foreign investment. The consideration of the appointment of BKPM as the only government agency that handles investment activities in the framework of PMA and PMDN is in order to increase the effectiveness in attracting investors to invest in Indonesia. Previous researches have not discussed the strategy of increasing capital investment so that it becomes the difference between this research and previous research (originality).
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Parlindungan, Henky Hotma, and Hendra Manurung. "INDONESIA EFFORT TO ATTRACTING INVESTMENT IN TOURIST DESTINATION DEVELOPMENT." Jurnal Industri Pariwisata 5, no. 2 (January 21, 2023): 177–88. http://dx.doi.org/10.36441/pariwisata.v5i2.1423.
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This study aims to discuss Indonesia implemented strategy in optimizing effort in strengthening and enhance collaboratively to get investment. In fact, Indonesia's economic growth in 2020 had experienced a contraction due to the outbreak of the COVID-19 pandemic. At that time, the second-quarter decreased and gradually recovered in the third and fourth quarters. In the second quarter of 2021, Indonesian economic growth hit around seven percent. A thriving and financially sound capital market helps and supports the country's economic growth and can enhance inter-community cooperation. The factors for developing tourism companies and the creative economy of the 21st century are structured management, use of high-technology, employee skills and capital adequacy. However, Indonesia’s market opportunities in tourist destinations are still increasingly generated and have become the capital for promoting to foreign investors interested in realizing their investments. This research reveals the improving of investment of the tourism sector and the creative economy supporting Indonesia's economic growth is promising challenges.
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Canes, Celine, Vanessa Aurelia, Juan Phillip Yoel Tanesia, Albert Hasudungan, and Erica Lukas. "Analysing the Influence of Industrial Value - Added of Small and Micro-sized Firms on Regional FDI in Indonesia." International Journal of Business Studies 5, no. 3 (November 1, 2021): 157–65. http://dx.doi.org/10.32924/ijbs.v5i3.194.
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The role of Foreign Direct Investment (FDI) has only grown in tandem with globalization, as it plays a dual function by improving capital accumulation whilst simultaneously growing total factor yield, which puts it at an advantage over foreign aids and foreign portfolio investments. Using panel data from 34 Indonesian provinces over the 2015 - 2019 period, this research examined the determinants of provincial FDI and its impact on regional economic development in Indonesia. The random effect method with robust standard error was used to regress the model, and the variables found to be positively significant were the ratio of industrial value added for micro sized firms to regional GDP, as well as the growth rate of industrial value added for small sized firms. Our analysis revealed that micro-sized firms tend to have much higher industrial value added compared to small-sized firms, and that these firms tend to cluster in Western Indonesia. The role of the government should be to foster the growth and competitiveness of small and micro-sized firms, especially for regions where the industrial value added is still low. Further study is suggested on the determinants of industrial value added at the provincial level, as well as more comprehensive research on FDI determinants with a larger dataset.
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Septiningrum, Lutfia, Paramita Dewanti, and Fauzah Hikmawati. "The Impact of Domestic Investment, Foreign Investments, HDI, Export, and Import on the Economic Growth in Indonesia." Proceedings of The International Conference on Data Science and Official Statistics 2021, no. 1 (January 4, 2022): 529–36. http://dx.doi.org/10.34123/icdsos.v2021i1.165.
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The aims of this study were to examine the causal relationship between domestic investment, foreign, Export, Import, HDI and their impact on Indonesia's economic growth measure with GDP. The data used was panel data from 18 provinces in 2016-2020 which was taken based on stratified random sampling. The model used to complete the purpose of this research was panel data regression. The results of the analysis show economic growth based on the value of GDP in each province tends to decline. Modelling of economic growth in Indonesia was used Panel Data Regression. In this research, Hausman Test is used to obtain the best model of panel data regression because the model contain of Random Effect Model. Based on Simultaneous test results obtained at least one significant variable to the model and based on partial test the GDP was significantly influenced by the variables of FDI, DDI, HDI and Import sectoral value. Variable Export has an effect on GDP but is not significant where R2 shows the results of 98.9%
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Pangarso, Iwan Sandi. "PENGARUH DAYA SAING PERUSAHAAN DAN FREE FLOW OF SKILL LABOUR DALAM ECONOMIC ANALYSIS OF LAW." Jurnal Justiciabelen 1, no. 1 (September 7, 2018): 104. http://dx.doi.org/10.30587/justiciabelen.v1i1.496.
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With the ease with which the permission of Foreign Workers (TKA) to enter Indonesia is expected to have a positive influence both for individuals, companies and for the country. The ease of permitting foreign workers can also be a way for investors to invest in Indonesia where investments made will be very profitable for the country. With the ease of Foreign workers permits, it is expected to be a trigger for the people of Indonesia to continue to develop and advance so as not to be left behind by the Foreign Workers and be able to develop companies in Indonesia more advanced so as not to make alternative foreign workers for company development. In relation to the competitiveness of companies, selected foreign workers must be able to develop the company so that they are able to compete in the world economy. Thus Indonesian workers and workers must be able to work together in producing new alternatives that can be developed in Indonesia, with the same welfare so as not to trigger discrimination between the two parties concerned. The government here has a very important role in everything, especially in the welfare of its people, here is done by opening up employment opportunities and guaranteeing all the welfare of its people by paying attention to the existing work by increasing the nominal salary in order to improve welfare for all levels of society especially people who are in the lowest layer.
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Kurniawan, Vania Rani Anissa, and Ferry Irawan. "Perlakuan Pajak Atas Penghasilan Luar Negeri Pada Indonesia Investement Authority." Educoretax 2, no. 1 (January 4, 2022): 1–12. http://dx.doi.org/10.54957/educoretax.v2i1.122.
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Economic growth requires adequate investment both domestic and overseas. Incoming investment must be managed properly and with the principle of prudence. The Indonesia Investment Authority (INA) is established to manage investments owned by the State to be more efficient and sustainable. The purpose of this study is to analyze how the tax treatment of foreign income obtained by the Indonesia Investment Authority is. This study uses a qualitative method with a literature study approach and in-depth interviews with government official. The results of the study indicate that there is no different treatment from the perspective of taxation provisions on income earned by the Indonesia Investment Authority. Pertumbuhan ekonomi memerlukan investasi yang memadai baik dari dalam negeri maupun luar negeri. Investasi yang masuk harus dikelola dengan baik dan dengan prinsip kehati-hatian. Lembaga Pengelola Investasi (Indonesia Investment Authority) hadir untuk mengelola investasi yang dimiliki Negara agar lebih efisien dan berkelanjutan. Tujuan penelitian ini adalah untuk menganalisis bagaimana perlakuan perpajakan atas penghasilan luar negeri yang diperoleh Lembaga Pengelola Investasi. Penelitian ini menggunakan metode kualitatif dengan pendekatan studi literatur dan wawancara mendalam dengan narasumber. Hasil penelitian menunjukkan bahwa tidak ada perlakuan yang berbeda dari perspektif ketentuan perpajakan atas penghasilan yang diperoleh Lembaga Pengelola Investasi.
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Feryl Ilyasa, Muhammad Zid, and Mieke Miarsyah. "Pengaruh Eksploitasi Sumber Daya Alam Perairan Terhadap Kemiskinan Pada Masyarakat Nelayan." Jurnal Ilmiah Pendidikan Lingkungan dan Pembangunan 21, no. 01 (April 3, 2020): 43–58. http://dx.doi.org/10.21009/plpb.211.05.
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The aim of this article is to find out how the influence of exploitation of aquatic natural resourceson the poverty of fishing communities. The method in this article used a descriptive research design forusing a literature study approach. Based on the type of research and the type of data source used, the datacollection technique in this study is used the secondary data. The results in this study can be seen in twoaspects, are: (1) the ease of foreign investments that can be exploit for the natural resources of fisheries inIndonesia; (2) the influence of exploitation of the natural resources of the waters carried out on poverty inthe fisihing community. Exploitation of aquatic natural resources in Indonesia is due to the ease with whichforeign parties can be invest in Indonesia in the field of fisheries, and then this ease of investment fromforeign parties results in the intervention of foreign parties who can to control the natural waters resourcesin Indonesia, both in the form a legal entitiy or in the form of an individual, it can be also for drain thenatural waters resources, especially fisheries in Indonesia, and which can to be affect the walfare of fishingcommunities.
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Haryanto, Imam. "REGULATION OF FOREIGN INVESTMENTS IN THE DEVELOPMENT OF NEW RENEWABLE ENERGY (EBT) IN INDONESIA." Veteran Law Review 3, no. 1 (May 27, 2020): 12. http://dx.doi.org/10.35586/velrev.v3i1.1458.
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Simatupang, Parhimpunan, and Abdul Razak Chik. "FDI in Tourism Sector and Economic Growth in Sumatra Utara." Winners 15, no. 2 (September 30, 2014): 150. http://dx.doi.org/10.21512/tw.v15i2.628.
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Globalization and neo liberal policies such as liberalization and privatization have generated a significant growth for FDI and considered an important source for capital and foreign currency, capable of spurring economic growth in developing countries. One sector that received particular attention, due to its significant contributions towards economic development, especially in Indonesia, is tourism. Tourism investments in Indonesia are mainly focused on the development of fully-integrated resort sites that help boost the construction of tourist facilities such as hotels and the development of the surrounding environment through social and cultural aspects. The total contribution of travel and tourism to GDP was IDR736.3 billion or 8.9% of GDP in 2012. Foreign direct tourism investments grew by 210% between 2011 and 2012, or at an annual compound average growth rate of 38% between 2006 and 2012. While the implications are at national level, not much could be gathered on the local perspectives. This paper intends to explore the implication of FDI in tourism sector towards economic growth in one of tourism attraction provinces in Indonesia—Sumatra Utara. Specifically, which economic factors contributed towards FDI inflows and their impacts on economic growth in Sumatra Utara.
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Fitriady, Agam, Vivi Silvia, and Suriani Suriani. "The Impact of Macroeconomic Variables on the Real Economic Growth in Indonesia." International Journal of Global Optimization and Its Application 1, no. 2 (June 30, 2022): 70–79. http://dx.doi.org/10.56225/ijgoia.v1i2.16.
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This study empirically examines and analyzes the impact of several macroeconomic indicators on economic growth, namely the extent to which the variables of poverty, human development index (HDI), foreign direct (FDI) and domestic investments (DMI) affect gross regional domestic product (GRDP) at constant prices in 2010 according to expenditure in Indonesia. By using panel data regression and data sourced from 32 provinces throughout Indonesia, the results show that poverty has a negative but not significant effect, FDI has a positive and significant effect, and HDI has a positive and significant effect. On the other hand, Domestic Investment has a positive but not significant effect on GRDP. In an effort to increase the value of GRDP, HDI, and investment (FDI and HDI) that can reduce poverty, the government, the private sector, and the community play an active role in cooperating in planning and implementing effective and efficient strategic program activities, including maintaining social security stability and politics, sustainable reform in all sectors by encouraging the use of domestic products, empowering elements of society including Micro, Small and Medium Enterprises, facilitating various vocational skills training for productive workers and drafting investment-friendly licensing governance regulations. The development of human resources must accompany economic development to reduce the negative impact of economic growth.
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Agung, Juda. "FINANCIAL STRUCTURE, FIRMS’ INVESTMENTS AND THE CHANNELS OF MONETARY POLICY IN INDONESIA." Buletin Ekonomi Moneter dan Perbankan 3, no. 1 (October 11, 2003): 146–78. http://dx.doi.org/10.21098/bemp.v3i1.291.
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Using Tobin’s q and Euler equations estimated by a novel technique of Blundell and Bond’s system MM, this paper investigate the role of financial factors (cash flow and leverage) in investment spending of Indonesian listed companies during 1993- 1997. Overall, the results suggest the existence of financial constraints and agency costs for Indonesian firms in raising external funds. However, agency costs vary across firms according to whether the firms are members of large business groups owning foreign exchange banks and their financial conditions (leverage and pay out ratio). These results provide indirect support to the existence of the credit channel of monetary policy which recently becomes a hot debate in the aftermath of the recent Asian financial crisis. A microeconomic aspects of both banks and firms. Specifically, the degree of financial frictions should be monitor using various indicators such as firms’ financial leverage, firms’ access to bank loans and bank’s willingness to lend.JEL Classification : E44, G31
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Kadam Ardiyono, Sulistiyo, Nurul Pratiwi Andi Parenrengi, and Faturachman Faturachman. "How does toll road impact accessibilities, trades, and investments in short term? A case study of Cipali toll road in West Java, Indonesia." Journal of Infrastructure, Policy and Development 2, no. 2 (July 13, 2018): 226. http://dx.doi.org/10.24294/jipd.v2i2.673.
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To increase inter-region connectivity, the Indonesian government initiated infrastructure projects such as toll roads, airport, highways, as well as agriculture ones throughout the countries. One of the big projects in road infrastructure was the Cikampek–Palimanan (Cipali) toll road in West Java with a budget of more than USD1 billion which started to operate in July 2015. This paper is aimed to evaluate the impact of the toll road on accessibilities, trades, and investments in the region it traverses. To carry out the analysis, we used qualitative approach, difference-in-difference approach, and ANOVA, utilizing three kinds of data. The first data is collected from a survey of 331 small-medium enterprises (SMEs) in the logistics and the hotel and restaurant industries. The second one is bank loan data sourced from Bank Indonesia, while the third one is investment data from Investment Coordinating Board of Indonesia (BKPM). After two years of its operation, Cipali toll road has increased accessibility, mobility, trade, and investment in the region it traverses. The travel time was reduced by 39%, while the cargo volume of the local businesses increased by 30% to 40%. These led to an improvement of wholesale trade volume in almost all regencies. However, SMEs in the hotel and restaurant industry along the traditional northern coastal highway in Subang, Indramayu, and Brebes experienced a decline due to the traffic shifting. Meanwhile, investments from national companies especially those of labor-intensive manufacturing industries flowed significantly especially to Subang and Majalengka, which reflected a “sorting effect”. However, investments from local and foreign businesses did not increase significantly yet after 2.5 years of toll operation. To reap the benefit from the presence of Cipali toll road, the local governments should improve the ease of doing business to attract investments that boost employment in return. In addition, given a better accessibility from Greater Jakarta and a large number of potential visitors passing through the toll road, local businesses in the trade sector would benefit if they could promote the local attractions such as in tourism activities supported by the local government. The latter strategy should also be implemented by the local governments and local businesses in the northern coastal traditional route to minimize the negative impact of the toll road due to the traffic shifting. This strategy should be strengthened through increasing connectivity from the toll exits to local business areas and through increasing the ease of doing business.
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Fu, Yu, Agus Supriyadi, and Tao Wang. "China’s Outward FDI in Indonesia: Spatial Patterns and Determinants." Sustainability 10, no. 12 (December 6, 2018): 4632. http://dx.doi.org/10.3390/su10124632.
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China has gradually become an important world investor with the implementations of its “Going Global” and “Belt and Road” strategy initiatives. Indonesia is the world’s largest archipelagic country, and has the largest economy of the ASEAN (Association of Southeast Asian Nations). Therefore, Indonesia is an important node for China’s implementation of its “Belt and Road” initiative. However, the existing research results regarding China’s OFDI (Outward Foreign Direct Investment) in Indonesia have indicated that little focus has been placed on the distribution patterns and determinants at the provincial levels. In this study, spatial analysis and mathematical statistics methods were used to analyze the temporal and spatial pattern evolution characteristics of China’s OFDI in Indonesia for the period ranging from 2006 to 2016. Also, the mechanism of the pattern evolution was quantitatively identified. The results obtained in this research study indicated the following: (1) China’s OFDI in Indonesia was observed to be characterized by fluctuations in investment amounts and rising numbers of investment projects, also, the investment amounts and number of projects were spatially dispersed; (2) the overall spatial evolution of China’s OFDI in Indonesia was found to be characterized by certain patterns, such as “west higher than the east, and south higher than the north” patterns. Moreover, the direction of the investment gravity center was determined to be obviously distinct during different periods; (3) high-level investments were found to be focused in only a few provinces, meanwhile, the majority of the provinces continued to be in a low-level stable state of investment from China; (4) this study’s OLS (Ordinary Least Square) regression and step-wise regression models revealed that institutional factors, political relations, and human resources were the most important factors which had affected China’s OFDI in Indonesia during the study period.
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Prastawan, Ragil, Budi Santoso, and Tunggul Ansari. "TINJAUAN YURIDIS BENTUK USAHA TETAP PENYEDIA LAYANAN APLIKASI DAN KONTEN BERBASIS INTERNET DI INDONESIA." Yuridika 32, no. 3 (September 1, 2017): 491. http://dx.doi.org/10.20473/ydk.v32i3.4839.
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Permanent establishment is an expansion of foreign corporations which cannot perform any legal act in Indonesia. For that reason, it cannot be created into a corporation. Foreign corporations providing online application or internet-based content perform virtually their activities of their operation in Indonesia. The legalisation of permanent establishment created by foreign corporations is ruled in ministerial circular letter of the Ministry of Information and Communication no. 3 of 2016. One of the matters ruled in Presidential Decree no. 44 of 2016 is business field of information and communication. It is categorised into business field with certain requirements. Eventually, the regulation allows them to invest and form a corporation in Indonesia. Additionally, this regulation is created in order to keep everything in order and benefit from foreign corporations' investments in Indonesia. The method used in this study is normative method with three approaches: statute approach, case study approach, and conceptual approach. The result of this study shows that business field providing online application or internet-based content mentioned in ministerial circular letter of the Ministry of Information and Communication no. 3 of 2016 can be categorised into information and communication technology sector as also mentioned in Presidential Decree no. 44 of 2016 which regulates lists of open business field and closed business field with certain requirements. According to the regulation, permanent establishment formed by foreign corporations in Indonesia must be in the form of limited liability company.
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David Saputra. "ANALISIS SISTEM PERADILAN INDEPENDEN DALAM MEMBERANTAS KORUPSI DI INDONESIA." Jurnal Administrasi Publik dan Pemerintahan 1, no. 2 (August 23, 2022): 89–97. http://dx.doi.org/10.55850/simbol.v1i2.8.
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The independent judicial system is a form of elaboration of the Indonesian state of law, and is also one of the efforts besides that it also has the potential to cause greater corruption. Where corruption has been civilized and become one of the diseases of society or public officials including the judge himself. The rise of corruption in Indonesia will make foreign investors flee who invest their capital in Indonesia, because investors feel uncomfortable investing in a country full of corruption. Corruption for investors is a factor that can cause harm to them so they choose to withdraw their investments in a country that is corrupt. The basic principles of the Code of Ethics and the Code of Conduct of Judges are implemented in the following ten rules of conduct: (1) Behaving Fairly, (2) Behaving Honestly, (3) Behaving Wisely and Wisely, (4) Being Independent, (5) High Integrity, (6) Responsible, (7) Upholding Self-Esteem, (8) High Discipline, (9) Behaving Humbly, (10) Being Professional.
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Bekun, Festus Victor, Festus Fatai Adedoyin, Daniel Balsalobre Lorente, and Oana M. Driha. "Designing policy framework for sustainable development in Next-5 largest economies amidst energy consumption and key macroeconomic indicators." Environmental Science and Pollution Research 29, no. 11 (October 15, 2021): 16653–66. http://dx.doi.org/10.1007/s11356-021-16820-z.
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Abstract Global travel and tourism have enjoyed a significant boost due to the progress in air transport. However, the debate on air transport and the influx of foreign investments and global energy demand on economic development remains questionable. Therefore, this study is an attempt to contribute to the body of knowledge in the energy-tourism-led growth hypothesis literature. For this purpose, a novel approach to the effects of international tourism on economic growth is introduced for the Next-5 largest economies, namely (China, India, Indonesia, Turkey and the USA) between 1990 and 2018. Empirical results reveal a positive connection between foreign direct investment and income levels, electricity production and income levels, as well as between urbanization and economic growth. Moreover, the validation of the environmental Kuznets curve and the halo effect of foreign direct investment on the environmental degradation process provides a shred of more substantial evidence and fitting environmental instruments for policymakers. The empirical results encourage sustainable economic growth in these countries, mainly through the attraction of clean and high-technology foreign investment, the increase of the share of renewable energy sources in the energy mix and the regulation in the tourism industry. The novel contribution of this study to the empirical literature is the unification in the same research of the TLGH and the EKC for the Next-5 largest economies, establishing recommendations for tourism, energy efficiency and environmental correction process.
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Handri, Handri, Hendrati Dwi Mulyaningsih, Achmad Kemal Hidayat, Rudi Kurniawan, and Ani Wahyu Rachmawati. "The impact of Indonesian oil price (CPI) and macroeconomics on investments in the manufacturing sector in Indonesia." F1000Research 10 (May 4, 2021): 338. http://dx.doi.org/10.12688/f1000research.27958.1.
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Background: Indonesia consumes oil as the main energy source in the production process and as a result of the development of the manufacturing industry. Thus, investment in manufacturing stocks will be affected by oil price fluctuations and macroeconomic conditions. Changes in oil prices will affect the performance of the manufacturing sector which in turn affects manufacturing stock prices. This paper aims to examine the impact of Indonesia's oil price shocks and macroeconomic factors on stock price movements in the manufacturing sector. Methods: This study uses monthly data for the 2009-2016 period in the manufacturing sector, and 67 stocks were selected on the basis consistently available in the period of the research. The cointegration and causality technique was used in this paper; firstly we applied a unit-panel root test, Secondly, we performed a residual test to indicate whether there was cointegration among variables in the long run equilibrium, and short the short run, we used a Granger causality test. Results: The panel unit root test (both Shin and Fisher) and the Pedroni cointegration residual test show that the data is stationary at 1% level of significance, thus all variables simultaneously achieve long-run equilibrium, and in the short run, the Granger causality test shows that there is one way direction causality Conclusions: For long-term investment in manufacturing stocks, investors must consider the exchange rate, as it is also as a determining factor in influencing the movement of manufacturing stock prices, inflation, and the production index. Meanwhile, weakening of the rupiah in the short run will also determine investment conditions due to the dependency on raw materials for production from foreign sources. The price of oil as an energy source in the manufacturing sector does not have a long-term relationship with other variables.
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Ramadhan, R., M. H. Daulay, and F. Disyacitta. "Reviewing the prospects of forest decentralization in Indonesia after the Omnibus Law." International Forestry Review 24, no. 1 (March 1, 2022): 59–71. http://dx.doi.org/10.1505/146554822835224793.
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In 2020 Indonesia's government passed the Omnibus Law with the objective of creating more jobs and raising foreign and domestic investments by reducing regulatory requirements for businesses. This study examines how the central government is dealing with the administrative and legislative issues caused by the new law with regard to forest management. Results reveal that while administrative decentralization appears to be occurring, when viewed through the lens of political/democratic decentralization, effective forestry decentralization is not currently taking place due to a lack of devolvement of effective power to local level representatives.
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AKDEMİR, Bülent, and Recep ULUCAK. "The Effect of Foreign Savings on Domestic Savings: Theory and Application." Gaziantep University Journal of Social Sciences 21, no. 4 (October 19, 2022): 2004–22. http://dx.doi.org/10.21547/jss.1153052.
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The increase in the degree of openness of the economies has also increased resource transfers among countries. As seen in the example of the Feldstein-Horioka Hypothesis, this process allows countries to overcome the problem of insufficient existing resources with external resources. In this study, it is examined how foreign direct investments, portfolio investments and other investments (or short and long run external debt flows), which are called foreign savings, have an effect on domestic savings rates. The argument that these resources can reduce domestic savings is known as the Haavelmo Hypothesis. The sample countries of the research are Argentina, Brazil, Chile, India, Indonesia, Russia, Republic of South Africa, Turkey, which are called as Fragile Eight. After the variables were checked for stationarity, the Westerlund Durbin Hausman panel cointegration test was used to determine whether there was a cointegration relationship between them. After confirming the cointegration relationship, Panel Fully Modified Least Squares (FMOLS) and Continuously updated Fully Modified Least Squares (CUP-FMOLS) estimators were used for long-term parameter estimations. The results show that foreign savings have a negative effect on domestic savings. On the other hand, real income per capita and real interest rates are included in the model as control variables as determinants of the traditional saving function. It has been determined that the real interest rate and real income per capita have a positive effect on domestic savings, but the real interest rate has a relatively low coefficient in terms of effect.
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Tamami, Kholidah. "Energy politic and economy in the cases of Azerbaijan and Indonesia." Scientific Bulletin 3 (2021): 11–16. http://dx.doi.org/10.54414/komq6396.
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Indonesia is the developed countries that have embarked on projects and energy strategies to increase renewables energy since it largely addressed political, economic and environmental goals in their energy security policies. Indonesia concern in energy sector with three parameuteurs, called P4M (Promosi Perlindungan dan Penanaman Modal) or Promotion and Protection of Investments. The OIC and NAM are the organizations that Azerbaijan and Indonesia are involved in. One of the problems discussed therein is the energy sector. Currently Indonesia and Azerbaijan tried to reduce energy dependence and to achieve environmental sustainability. Policy makers need to pursue a strategy of informing the public with sound evidence while being open about energy policy in general. Indonesia and Azerbaijan have 5 bilateral agreements. First, opening of RI-Azerbaijan Diplomatic Relations. Second, Cooperation and Consultation between Foreign Ministries. Third, cooperation between News Agencies. Fourth, Visa Exemption for Diplomatic and Service Passport Holders. Fifth, Economic and Technical Cooperation (KSET). The trade balance between the two countries is still dominated by the oil and gas sector, and does not yet reflect the real potential they have, either because trade has so far been through a third country due to the absence of direct sea/air routes, or the lack of market penetration by the Indonesian manufacturing industry. The potential for cooperation that can be worked on between Indonesia and Azerbaijan is in the oil and gas sector given that Azerbaijan is rich in both natural resources. Currently the two countries are consolidating the finalization of the P4M (Promotion and Protection of Investments Indonesia needs to encourage bilateral cooperation in the energy sector, especially oil and gas based. The best collaboration model is to ensure government-to-government long term purchase/contract.
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Mulyaman, Darynaufal, and Farhan Julianto. "Covid-19 Pandemic and Foreign Bank Performance in Asia-Pacific." International Journal of Economics Development Research (IJEDR) 2, no. 3 (September 12, 2021): 215–32. http://dx.doi.org/10.37385/ijedr.v2i3.298.
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The covid-19 pandemic affects all aspects of human life, including the economy. Investments, transactions, and other financial services got a surprising shock as the effects of the pandemic. However, as time goes by, the pandemic starts to re-normalize turning into a new normal. Even, some countries in the Asia Pacific commencing a new-normal life, like, China, South Korea, and Singapore. Despite the good news, it seems the grassroots is not fully recovered from the shock. Therefore we argue that the positive outlook may not give a lot of positive senses and confidence, hence skepticism in the economy persists, especially in economic growth, despite some aspects, such as international banks or financial institutions in Asia set an optimist target. Further, this paper would like to explain the Behavioral Political Economy perspective and the case of CIMB Group in Indonesia for capturing regional political economy explanation and analyzed the relation of grassroots condition and the target’s positivism post the pandemic, as Indonesia is the second-largest market in the Asia Pacific and CIMB is one of the prominent universal bank groups in ASEAN and beyond.
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Efimova, L. M. "INDONESIA’S “MARITIME WORLD FULCRUM” AND CHINA’S “MARITIME SILK ROAD”." MGIMO Review of International Relations, no. 6(45) (December 28, 2015): 196–204. http://dx.doi.org/10.24833/2071-8160-2015-6-45-196-204.
Full textAbstract:
In 2014 the newly elected Indonesian president Joko Widodo declared his doctrine “In- donesia – World Maritime Fulcrum”. His intention is to transform Indonesia which connects two great oceans – Indian and Pacific – into a strategic logistic and trade world hub as well as the main supplier of sea products for the world market. Indonesian government plans to build 35 deepwater and ordinary ports across the archipelago during the next five years. The implementation of the project demands colossal money investments and gigantic volumes of work. Indonesia cannot do it alone, the country needs foreign investors and constructors. A number of Asian and Europe countries expressed their intentions to cooperate with Indonesia in the maritime sector. But the most interested turned out to be China which expressed its ardent desire to cooperate with Indonesia in the sector of maritime industry. And it is quite understandable taking into consideration that China worked out its own project “Maritime Silk Road” which comprises the same sea territory as Indonesia’s “Maritime Fulcrum” project. Chinese leaders invited Indonesia to closely cooperate in implementing these two projects which are mutually coinciding and complementary. Indonesian leaders gladly accepted this invitation hoping to gain a lot from cooperation with China. Chinese “Maritime Silk Road” project will contribute to the development of inter-island communicativity which is strongly needed especially in the eastern part of Indonesian archipelago. In addition China agreed to participate in building and reconstructing Indonesian ports. Some Indonesian observers greet close cooperation with China as a very profitable business opportunity but others express apprehensions that too close cooperation with China could be dangerous for Indonesian sovereignty over its territorial waters.
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Filer, Colin, Sango Mahanty, and Lesley Potter. "The FPIC Principle Meets Land Struggles in Cambodia, Indonesia and Papua New Guinea." Land 9, no. 3 (February 27, 2020): 67. http://dx.doi.org/10.3390/land9030067.
Full textAbstract:
Social and environmental safeguards are now commonplace in policies and procedures that apply to certain kinds of foreign investment in developing countries. Prominent amongst these is the principle of free, prior and informed consent (FPIC), which is commonly tied to policies and procedures relating to investments that have an impact on ‘indigenous peoples’. This paper treats international safeguards as a possible manifestation of what Karl Polanyi called the ‘double movement’ in the operation of a capitalist market economy. Our concern here is with the way that the FPIC principle has been applied in struggles over the alienation of land and associated natural resources claimed by indigenous peoples or customary landowners in three developing countries—Cambodia, Indonesia and Papua New Guinea. Case studies of recent land struggles in these countries are used to illustrate the existence of a spectrum in which the application of the FPIC principle may contribute more or less to the defence of customary rights. On one hand, it may be little more than a kind of ‘performance’ that simply adds some extra value to a newly created commodity. On the other hand, it may sometimes enable local or indigenous communities and their allies in ‘civil society’ to mount an effective defence of their rights in opposition to the processes of alienation or commodification. The paper finds that all three countries have political regimes and national policy frameworks that are themselves resistant to the imposition of social and environmental safeguards by foreign investors or international financial institutions. However, they differ widely in the extent to which they make institutional space for the FPIC principle to become the site of a genuine double movement of the kind that Polanyi envisaged.
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Verazulianti, Verazulianti, Taufiq Carnegie Dawood, and Teuku Zulham. "How important are health and education in boosting sub-national economic growth?" Journal of Socioeconomics and Development 4, no. 1 (February 20, 2021): 33. http://dx.doi.org/10.31328/jsed.v4i1.1762.
Full textAbstract:
Development of the global economy is marked by increasing attention towards the health sector due to Covid-19 outbreak. This research contributes by examining how important is health and education for provincial economic growth, and connect it with foreign direct investments, and infrastructure spending. Taking Indonesia as a case study, and employing GMM and Fixed Effects methods, the analysis found that improving health and education outcomes are key for sub-national economic growth. However, foreign direct investment, domestic direct investment and public spending on infrastructure failed to support growth in the sub-national level. The finding is robust against alternative specifications. For policy suggestions, in order to dampen the negative economic effects of Covid-19 and to boost growth at post-pandemic period, government at all levels must maintain or even increase public spending in health and education which directly target improvements of health and educational outcomes. To ensure the improvements, public spending must be directed to provide good quality health and educational services; services which enhance health outcomes and develop students’ cognitive skills. In addition, good quality health and educational services must be evenly distributed across sub-nationalities. This is aligned with achieving the UN Sustainable Development Goals number 10; reducing inequality within a country.JEL Classification H51; H52; O15