What is the Human Development Index?
The Human Development Index (HDI) is a set of rankings which, as is implied by its name, tracks the general development level of every country in the world. Factors such as life [...]
Is a foreigner allowed to serve as a director in Indoensia?
Under certain conditions, a foreigner may take up a role as the director of an Indonesian company. A foreigner must have a Taxpayer Identification Number (NPWP) before serving as the director of [...]
What is the Ease of Doing Business Index?
The Ease of Doing Business Index is a set of rankings which assesses the condition of a country’s business scene during a given year. It was created by the World Bank. The [...]
Why did Indonesia join APEC?
In 1989, Indonesia became one of the 12 founding members of APEC. Each of the countries involved in founding APEC, including Indonesia, did so in order to increase the level of regional cooperation [...]
How has Indonesia’s domestic oil consumption increase?
The latest statistics show that approximately 1,785 barrels of oil are consumed every day in Indonesia. This figure represents a steep increase from that of a decade prior, when it stood [...]
Is Indonesia expected to leave any major international trade organizations?
There has not been any speculation regarding the cessation of Indonesia’s membership in any international trade organizations. Therefore, it can be concluded that Indonesia will remain a member of each organization of [...]
What are the functions of the OJK?
The Financial Services Authority (OJK) is a government agency of Indonesia which was created in 2011. It oversees the financial institutions and capital market of the country. It also protects customers of [...]
Which business fields are least conducive to business success in Indonesia ?
Two of the sectors which have not been performing well in Indonesia and are therefore not conducive to business success are the oil and gas sector as well as the medical services [...]
Can a business in Indonesia function without a corporate bank account?
Every business in Indonesia must have a corporate bank account. This is because corporate bank account is necessary before the business can begin proper operations. Certain business activities are impossible to be [...]
What association oversees corporate secretaries in Indonesia?
The Indonesia Corporate Secretary Association (ICSA) is the association which oversees corporate secretaries in Indonesia. It was founded in 2008 to improve standards of corporate governance and professionalism among the company’s corporate secretaries. ICSA [...]