Indonesia Economic Snapshot 2024

Indonesia | Economy

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In Indonesia

Raising efficiency: Leonard Arpan Aritonang, Partner, LSM Law Firm, on legislative changes aimed at improving permit processing

In the five years leading up to 2022 the government worked to centralise permit applications through an online single submission (OSS) system to make the submission and processing of such applications more efficient. In light of this, Law No. 11 of 2020 on job creation (Job Creation Law) amended Law No. 30 of 2014 on government administration (Government Administration Law). However, in November 2021 the Job Creation Law was declared conditionally unconstitutional because it was created via omni…

In Economy

Report: How is Saudi Arabia boosting economic diversification through MSME empowerment?

The empowerment of micro-, small and medium-sized enterprises (MSMEs) in Saudi Arabia is key to driving economic diversification and resilience. The Kingdom has laid out strategic foundations to support MSME growth, recognising their role in creating a more dynamic and inclusive economy. By fostering an environment that enables MSMEs to expand, the country aims to unlock their full potential as contributors to GDP and job creation. One critical aspect of this effort is enhancing the MSM…

Latest

What's driving Saudi Arabia's fast-growing cultural sector?

  In this Market Profile video, “The Report on the State of Culture in the Kingdom of Saudi Arabia 2023: Sustainability in the Cultural Sector" launches, exploring developments in the Kingdom’s fast-growing cultural sector through six major themes: sustainability in the cultural sector, management and conservation, creativity and cultural production, cultural participation, creative economy, and knowledge and skills. The report also highlights successful initiatives in m…