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Rajah & Tann Regional Round-Up

your snapshot of key legal developments in Asia

Issue 1 - Jan/Feb/Mar 2021


INDONESIA

Indonesia's New Investment List Widens Investment Opportunity

Another follow-up to the Omnibus Law was the enactment of the highly anticipated Priority Investment List under Presidential Regulation No. 10 of 2021 to replace the Negative Investment List. The new investment list significantly widens investment opportunity in Indonesia, and is designed to boost economic growth in the country.


Compared to the previous regime, all business sectors listed in the new list are open for foreign investment unless expressly declared as closed. The number of conditionally open business fields was reduced from 350 to only 46. By way of example, investment in the telecommunications, health, and trading, all of which were previously closed or capped to a certain percentage, is now 100% open.


At the same time, the Government also showed its commitment to protect the local industry by allocating 51 business fields for micro, small, and medium enterprises ("MSMEs") and cooperatives. Any investment in these fields must be conducted in cooperation with MSMEs or cooperatives.


Lastly, six business sectors are closed, and business sectors that are services in nature or fall under the defence and security framework can only be carried out by the central government.




CAMBODIA

CHINA

INDONESIA

LAO PDR

MALAYSIA

MYANMAR

PHILIPPINES

SINGAPORE

THAILAND

VIETNAM



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

2021: 
Issue 1 - Jan/Feb/Mar 2021

2020: 
Issue 1 - Q1 2020 (Special Edition on COVID-19)
Issue 2 - Apr/May/Jun 2020
Issue 3 - Jul/Aug/Sep 2020
Issue 4 – Q4 2020 (Year in Review Edition)

2019: 
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Issue 2 - Apr/May/Jun 2019
Issue 3 - Jul/Aug/Sep 2019
Issue 4 - Oct/Nov/Dec 2019

2018: 
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2015: 
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2014: 
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2013: 
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Issue 3 - Oct/Dec