SINGAPORE Mr Iman Yusoff, owner of Singapore cargo and freight company IndoBox Asia, has a warehouse in Skudai, Johor strategically located between the two Singapore-Johor land links and about 20 minutes' drive to Senai Airport.
Indonesia came in 73rd position on an international ranking for ease of doing businesses by the World Bank in 2019. - Reuters
JAKARTA (The Straits Times/ANN): Singapore businesses hope Indonesia s new Omnibus Law will bring essential reforms in a wide range of areas from business permits to labour, enabling businesses to operate more efficiently in South-east Asia s largest economy.
The law aims to simplify processes to get business licences and also introduces flexibility in the country s labour market by easing recruitment and outsourcing. The Positive Investment List, a regulation issued as part of the Omnibus Law, opens up sectors such as energy, telecommunication, transportation and construction services to 100 per cent FDI, a spokesman for Enterprise Singapore (ESG) told The Straits Times by email.
Singapore investors welcome Indonesia s new Omnibus Law straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.