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Crypto-Assets Regulations August 2022

The Commodity Futures Trading Regulatory Agency (Badan Pengawas Perdagangan Berjangka Komoditi – “BAPPEBTI”) has issued Regulation No. 11 of 2022 on the Determination of the List of Crypto Assets Tradeable Through the Physical Market for Crypto Assets in order to accommodate the anticipated demand of future traders of crypto assets, as well as to enhance the development of the crypto-assets industry in Indonesia. The issuance of the new regulatory framework is in line with the ongoing increase in crypto-asset customer numbers and transaction volumes. Furthermore, the new regulation has also taken the increasing variety of crypto assets into account. The

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Handbook of Energy & Economic Statistics of Indonesia 2021

This update on the Handbook of Energy & Economy Statistics of Indonesia, is an effort from the Center for Data and Information Technology on Energy Mineral Resources (CDI-EMR) to provide accurate and reliable data and information on energy and the economy, which is generally not available, largely because researchers at various institutions, do not have common terminology and in some cases, disagreement arises over different uses and in turn can lead to inaccurate energy analysis. This handbook hopes to resolve this.

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Indonesia Outlook Revised to Stable From Negative; ‘BBB/A-2’ Ratings Affirmed

Indonesia’s external settings are benefiting from improved terms of trade on higher commodity prices. The economy continues to recover from the pandemic-driven slowdown, supporting the government’s fiscal consolidation efforts. S&P revised their rating outlook on Indonesia to stable from negative. At the same time, they affirmed their ‘BBB/A-2’ sovereign credit ratings on Indonesia. The stable outlook reflects S&P’s expectation that Indonesia’s economic recovery will continue over the next two years.

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Digital 2022 Indonesia: The Essential Guide to the Latest Connected Behaviours

This detailed breakdown of all things digital in Indonesia was put together by Datareportal, We Are Social and Kepios. The report covers insights, and trends you need to help you understand how people in Indonesia use connected devices and services in 2022 including detailed statistics for internet use, social media use, and mobile use, as well as user numbers for all the top social platforms.

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Trade and Investment Factsheets

This factsheet provides the latest statistics on trade and investment between the UK and Indonesia. The total trade in goods and services (exports plus imports) between the UK and Indonesia was £2.8 billion in the four quarters to the end of Q4 2021, an increase of 4.9% or £128 million from the four quarters to the end of Q4 2020. It summarises a wide range of publicly available data, from data providers such as the Office for National Statistics (ONS) and HM Revenue and Customs (HMRC), as well as international data providers.

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Investment in the Indonesian University Sector: A Regulatory Overview for Australian Universities

This publication was developed by PT PricewaterhouseCoopers Indonesia Advisory (PwC Indonesia) in collaboration with Study Melbourne, who commissioned the report. It is intended to provide a broad overview of the regulatory and administrative requirements for foreign higher education institutions that are interested in investing in the Indonesian higher education sector.

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Investment Trends and Industrial Prospects in Indonesia

Yanuar Fajari, Deputy Director for Investment Planning in Energy at Ministry of Investment/ Indonesia Investment Coordinating Board (BKPM) and Siwage Dharma Negara, Senior Fellow at ISEAS discuss investment trends in Indonesia. Although total investments increased, much of this was driven by a rapid increase in domestic direct investment (DDI) while foreign direct investment (FDI) remained relatively stagnant. The DDI share of total investment rose from 35% in 2015 to 50% in 2021. In the manufacturing sector, however, FDI’s share increased to 51% in 2021, while DDI’s share declined, because domestic investment flowed mostly to the services sector.

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At Full Speed: Indonesia’s Plan to Accelerate Investment

The Indonesian Government expressed its commitment to ensure the certainty and security of domestic and foreign investment in Indonesia and keep it in line with national interests. Ultimately, the aim of the Job Creation Law, as its name would suggest, is to create more jobs for the people by encouraging more quality investment in the country through regulatory streamlining and simplification of business licensing.

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Ekonid Newsletter: Taxes and Law

In this edition of EKONID’s Newsletter Law and Taxes, cooperation partners share their expertise on recent Indonesian legal and tax developments including, but not limited to, the update on the ever-interesting topic of the Omnibus Law, the territorial based taxation for expatriates, amendment of tax treaty between Indonesia and Singapore, as well as Income Tax Facilities in Special Economic Zones and DGT Form for Non-Indonesian Tax Payers.

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2021-2022 Investment Window Into Indonesia (IWI)

The Indonesian Government introduced its “Industry 4.0” initiative which seeks to accelerate the use of advanced technologies to broaden and grow Indonesia’s manufacturing capabilities and output. Another area of focus for the Government is continuing the development of dedicated industrial estates, or Special Economic Zones (SEZs), as part of its efforts to attract foreign companies to relocate their operations to Indonesia. In this detailed report Deloitte provide broad and impactful insights to all prospective investors.

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Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

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Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.