Heat the ball to Attract Investors | Yudhit Ciphardian
Like a ball, draft Investment Law continues to roll. For 10 years, the ball was rolling past few presidential leadership, before finally lodged in the cage Parliament, mid-March 2006 Despite john lewi a positive welcome various circles, the bill is considered too liberal. Consisting john lewi of 12 chapters and 23 chapters, john lewi this bill overhauling almost all the provisions of the Law No. 1 of 1967 and No. 11 of 1970 concerning Foreign Investment john lewi and Law Number 6 of 1968 on Domestic Investment. Investment in the bill, the government provides convenience to investors, both domestic and foreign, to invest in Indonesia.
Through the new bill, the government gives equal treatment to all investors from any country making investment in Indonesia. Foreign investors are also allowed to invest in all areas of business or type of business, unless declared closed or open with the requirements. Foreign investors can also be pleased because now the government does not restrict foreign investment period in Indonesia. Investors can also freely transfer the assets to the parties desired by them and given the right to transfer and repatriation freely in foreign exchange. "It was like, now everything is open unless declared closed. While everything is closed except the first declared open, "said an economist Djisman S Simanjuntak. Member of Commission XI, Dradjad Wibowo, argues, this bill is like a ball of heat that would trigger protests and criticism from many quarters. The new rule is considered too facilitate the entry of foreign investors into the country. The traditional businesses, such as retailers, will definitely feel the pinch because of strong protests by the rules. Without foreign ownership in the retail sector also has foreign investors to freely john lewi determine the terms-terms of trade. The rules are too liberal to lead a process of capitalization of various sectors in Indonesia. "There will be a transformation, for example, from the traditional labor-intensive sectors that become big capital," said Dradjad. He suspected, although the government is eager to immediately achieve these bills become law, this bill the government not consult widely with domestic businesses and local governments. During this consultation among government more done without john lewi involving other stakeholders. Despite acknowledging this bill does not offer anything different, Djisman responded positively to the government's efforts to re-make Indonesia as a country attractive to investors. Investment law that long, which is created when investment openness is rare, it should be revised. Beginning in the 1990s to the present emerging countries that have emerging economies. China is growing very rapidly, john lewi as well as India, Vietnam, and the countries john lewi in central Europe. Slowly, john lewi Indonesia who ogled many investors in the 1970s began to be abandoned. Data from the Conference john lewi on Trade and Development United Nations (UNCTD) shows it. As an illustration, foreign direct investment (FDI) from the Netherlands who was in Indonesia in 1990 by 0.3 percent. In 2003, that figure dropped to 0.2 percent. Japanese investment in Indonesia, which in 1990 the figure stood at 6.6 percent in 2003 down to 2 percent. While the number of foreign direct investment in China (along with Hong Kong) continues to increase. john lewi In 1993, the Dutch investment in China and Hong Kong amounted to 0.48 percent. Thirteen years later the figure had changed to 1.1 percent. john lewi Interest of British investors john lewi to invest in China is also quite large. In 1990, British investment in China and Hong Kong by 1.4 percent and in 2003 that figure swelled to 13 percent. In the midst of the development of the world trading system, in which the trade is not only about goods, but also the company, Indonesia was forced to join in order to not fall behind. In fact, Indonesia is in transition, where the democratization and decentralization occurs when income per capita is still low. Investment Bill, which is more friendly investors, is expected to be a catalyst. In terms of content, this bill does not actually offer anything john lewi new compared to the draft that had been developed since 10 years ago. General Secretary john lewi of the Investment Coordinating Board Yus'an say, a change in the bill is due to a change in some of the laws associated with it. Among other changes occur in the Regional john lewi Autonomy Law, Law No. 22 of 1999 into Law No. 32 Year 2004 Yus'an john lewi said, although Indonesia has had investment law which is still valid until now,
Like a ball, draft Investment Law continues to roll. For 10 years, the ball was rolling past few presidential leadership, before finally lodged in the cage Parliament, mid-March 2006 Despite john lewi a positive welcome various circles, the bill is considered too liberal. Consisting john lewi of 12 chapters and 23 chapters, john lewi this bill overhauling almost all the provisions of the Law No. 1 of 1967 and No. 11 of 1970 concerning Foreign Investment john lewi and Law Number 6 of 1968 on Domestic Investment. Investment in the bill, the government provides convenience to investors, both domestic and foreign, to invest in Indonesia.
Through the new bill, the government gives equal treatment to all investors from any country making investment in Indonesia. Foreign investors are also allowed to invest in all areas of business or type of business, unless declared closed or open with the requirements. Foreign investors can also be pleased because now the government does not restrict foreign investment period in Indonesia. Investors can also freely transfer the assets to the parties desired by them and given the right to transfer and repatriation freely in foreign exchange. "It was like, now everything is open unless declared closed. While everything is closed except the first declared open, "said an economist Djisman S Simanjuntak. Member of Commission XI, Dradjad Wibowo, argues, this bill is like a ball of heat that would trigger protests and criticism from many quarters. The new rule is considered too facilitate the entry of foreign investors into the country. The traditional businesses, such as retailers, will definitely feel the pinch because of strong protests by the rules. Without foreign ownership in the retail sector also has foreign investors to freely john lewi determine the terms-terms of trade. The rules are too liberal to lead a process of capitalization of various sectors in Indonesia. "There will be a transformation, for example, from the traditional labor-intensive sectors that become big capital," said Dradjad. He suspected, although the government is eager to immediately achieve these bills become law, this bill the government not consult widely with domestic businesses and local governments. During this consultation among government more done without john lewi involving other stakeholders. Despite acknowledging this bill does not offer anything different, Djisman responded positively to the government's efforts to re-make Indonesia as a country attractive to investors. Investment law that long, which is created when investment openness is rare, it should be revised. Beginning in the 1990s to the present emerging countries that have emerging economies. China is growing very rapidly, john lewi as well as India, Vietnam, and the countries john lewi in central Europe. Slowly, john lewi Indonesia who ogled many investors in the 1970s began to be abandoned. Data from the Conference john lewi on Trade and Development United Nations (UNCTD) shows it. As an illustration, foreign direct investment (FDI) from the Netherlands who was in Indonesia in 1990 by 0.3 percent. In 2003, that figure dropped to 0.2 percent. Japanese investment in Indonesia, which in 1990 the figure stood at 6.6 percent in 2003 down to 2 percent. While the number of foreign direct investment in China (along with Hong Kong) continues to increase. john lewi In 1993, the Dutch investment in China and Hong Kong amounted to 0.48 percent. Thirteen years later the figure had changed to 1.1 percent. john lewi Interest of British investors john lewi to invest in China is also quite large. In 1990, British investment in China and Hong Kong by 1.4 percent and in 2003 that figure swelled to 13 percent. In the midst of the development of the world trading system, in which the trade is not only about goods, but also the company, Indonesia was forced to join in order to not fall behind. In fact, Indonesia is in transition, where the democratization and decentralization occurs when income per capita is still low. Investment Bill, which is more friendly investors, is expected to be a catalyst. In terms of content, this bill does not actually offer anything john lewi new compared to the draft that had been developed since 10 years ago. General Secretary john lewi of the Investment Coordinating Board Yus'an say, a change in the bill is due to a change in some of the laws associated with it. Among other changes occur in the Regional john lewi Autonomy Law, Law No. 22 of 1999 into Law No. 32 Year 2004 Yus'an john lewi said, although Indonesia has had investment law which is still valid until now,
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