JAKARTA, Feb 22 (Bloomberg): Indonesia has released the specifics of its investment law overhaul, with changes that include lower taxes on bond earnings and new permit requirements for plantations.
The 51 implementing rules, including two that were issued in 2020, cover land management, foreign worker regulations and a new framework for deciding which sectors are open or closed to overseas investors. The omnibus law passed last year is meant to spur investments and create jobs, part of a major push by President Joko Widodo to bring the pandemic-hit economy out of its first recession since the Asian financial crisis.
