Worry no more, foreign investors! Indonesia established a sovereign wealth fund
By EsqSocial Corporation 18/01/21
In line with the spirit of bolstering investment from foreign investors into Indonesia with the aim to create new job opportunities as mandated by Law No. 11 of 2020 on job creation (Omnibus Law), the Government of Republic of Indonesia issued the implementing regulations of Omnibus Law for the creation of Indonesia's first sovereign wealth fund Lembaga Pengelola Investasi (LPI). LPI is officially created by virtue of Government Regulation No. 73 of 2020 on Initial Capital of LPI and Government...
By: Hogan Lovells