Certainty of Regulation Highlighted
The Jakarta Japan Club (JJC), a grouping of Japanese companies doing business in Indonesia, has deemed that the direction of the Indonesian government’s omnibus bill was appropriate.
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Jakarta Japan Club (JCC) Chairman and President Director of PT Sumitomo Indonesia Kanji Tojo (second from left) accompanied by other JJC management visited Menara Kompas, Jakarta, Friday (12/13/2019). On this occasion, Tojo explained a number of suggestions and input that they had conveyed to the government to encourage increased foreign direct investment and maintain economic growth.
JAKARTA, KOMPAS — The Jakarta Japan Club (JJC), a grouping of Japanese companies doing business in Indonesia, has deemed that the direction of the Indonesian government’s omnibus bill was appropriate. However, it also provided notes on improving the economy during the second term of President Joko Widodo, in particular regulatory certainty and tax transparency.
JJC president Kanji Tojo said in Jakarta over the weekend that the association could not comment further because the omnibus bill had not yet become law. However, he considered that the omnibus law was generally headed in the right direction.