The 2021 Legislature adjourned early Friday after approving a record budget. It was a session of some major achievements with forays into debates over social issues such as mandatory masks and transgender athletes.
The $17 billion budget tops the previous record by $2.5 billion and was bolstered by federal funding for COVID-19 relief. Still, itâs an amazing number for a body that has been historically tight with the budget. Thatâs been changed in recent years largely because of oil revenue.
Two of the most important steps taken by the Legislature involved improving the state for the future. One, a $680 million bonding bill for infrastructure projects with a focus on flood-control needs, reflected a change in approach. Legislators have been reluctant in the past to approve bonding. Original proposals sought more money for a wide variety of projects, but the scope of the final bill was scaled back.
Stacks of containers are seen at the port in Tanjung Priok in Jakarta, on March 31, 2021. - AFP JAKARTA, May 1 (Bloomberg): Indonesia is offering made-to-measure incentives and, potentially, carbon offsets as it competes for investment.
Earlier incentives were standardised in rules that were criticized as outdated, overlapping or even contradictory. With reforms now in full swing after the passage of an omnibus law late last year, the government can tailor benefits to companies looking to set up shop in Indonesia provided they make a very huge” outlay that will significantly develop local industry, said Nurul Ichwan, investment planning deputy at the Investment Coordinating Board.
Indonesia Offers Tailormade Tax Breaks, Carbon Offset to Win Investors
Apr 30 2021, 7:02 PM
April 30 2021, 4:30 AM
April 30 2021, 7:02 PM
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Indonesia is offering made-to-measure incentives and, potentially, carbon offsets as it competes for investment.
Earlier incentives were standardized in rules that were criticized as outdated, overlapping or even contradictory. With reforms now in full swing after the passage of an omnibus law late last year, the government can tailor benefits to companies looking to set up shop in Indonesia provided they make a âvery hugeâ outlay that will significantly develop local industry, said Nurul
The Legislature has approved the budget bill for the state Commerce Department, after lawmakers rejected a proposal for a one-time $5 million grant for a
SpaceX investor Valor Equity raises $1.7bn in the latest growth equity fund Thursday, April 29, 2021
Laxman Pai, Opalesque Asia:
Chicago- headquartered Valor Equity Partners announced that it officially closed its fifth fund - Valor Equity Partners V - at $1.7 billion. The oversubscribed fund closed at its hard cap.
Following the Fund V close, Valor is managing approximately $7.3 billion in regulatory assets from a broad range of global, institutional, family office, and high net worth investors.
Led by Antonio Gracias, Valor is perhaps best known for its investments in Elon Musk-owned companies Tesla, SpaceX, and The Boring Company. It s also backed a handful of Chicago startups, such as Cameo, Ocient, Fooda, Catalytic, and Uptake.