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Indonesia eager to roll out red carpet for foreign investors

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Jakarta

GIVEN the severity of the Covid-19 pandemic, 2020 did not turn out to be that bad of a year for Indonesia's investment scene - on paper, at least.

President Joko Widodo's government managed to push a controversial job creation and investment bill through Parliament last October, and the country surpassed its combined 2020 domestic and foreign direct investment target of US$56.6 billion. Singapore led the way among foreign investors with US$9.8 billion.

The job creation and investment legislation,...

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