Foreign Investors Struggle with Indonesia’s Economic Policies
Foreign investors are reportedly dissatisfied with the Indonesian government’s efforts to facilitate international business opportunities.
Earlier This kind of week, the Foreign Ministry gathered foreign business communities as well as also ambassadors to discuss the progress of their business activities. While attendees continue to show respect for Indonesia’s economic policies, some of them feel which the nation must provide better services for foreign companies.
within the diplomatic chambers of commerce meeting, company executives disclosed numerous challenges commonly faced by their firms. Common conundrums are primarily related to tax, the predictability of regulations as well as also work permits – which according to Head of Investment Coordinating Board Thomas Lembong remain as the top concerns coming from foreign investors.
President Director of Japan External Trade Organization Daiki Kasugahara revealed which the recent improvements in tax procedures have hindered operations for his as well as also various other Japanese companies.
various other members including UK Ambassador to Indonesia Moazzam Malik also spoke out on the complicated work permits which foreign businesspeople must deal with, as they are required to extend permits every six months.
Responding to these complaints, Indonesian representatives during the event assured them which the government will continue to find ways to create a better environment for foreign businesses. Government officials are currently planning on revising tax laws like the General Taxation Law so foreign businesses will have better chances of growing within the archipelago.
Despite these issues, some members did acknowledge the nation’s improvements due to the 13 economic packages. Swedish Ambassador to Indonesia Johanna Brismar Skoog was happy to find her companies doing well while complying with the economic policies.
“Tangibly, I get fewer complaints coming from my companies, to ensure’s a sign of improvement. I also see which the goodwill as well as also efforts to resolve the problems are there. I think things are definitely improving,” said Johanna Brismar Skoog as quoted by The Jakarta Post.
Featured Image via Pixabay
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Foreign Investors Struggle with Indonesia’s Economic Policies
Foreign Investors Struggle with Indonesia’s Economic Policies