Past Events

The "Omnibus Law" has introduced significant reforms to Indonesia's business environment, making this major ASEAN economy an increasingly attractive destination for Hong Kong investors. At the Chamber’s webinar on 27 April, a panel of speakers shared their insights on the potential impact of the Omnibus Law, and the opportunities that are expected to arise.

Slamet Noegroho, Consul for Economic Affairs from the Consulate General of Indonesia, explained that the reforms would simplify more than 70 laws into one. This will simplify bureaucratic processes and as a result is expected to greatly improve the ease of doing business in the country. 

Riza Buditomo, Partner in Trade and Customs from HHP Law Firm, said the new law gives the Ministry of Trade the authority to determine which trading companies have a good reputation. The ministry will also be able to provide additional support to such companies in the form of facilities, business information, incentives and marketing. He also explained that the law has added new lines of business that may operate within Special Economic Zones, namely the education and health sectors. This will encourage new market players to bring in quality competition in these industries.

Rinaldo Aditya, Senior Associate, and Yesi Samosir, Associate in the Employment and Compensation Practice Group, from HHP Law Firm, spoke on the employment and labour aspects of the Omnibus Law. They said the new visa regulations will open up single and multiple entry visit visas to Indonesia for “pre-investment” business activities, such as conducting field surveys and feasibility studies, and provide exemptions for work permits for company directors and commissioners who are shareholders.
 

Rinaldo Aditya & Yesi Samosir

Riza Buditomo

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