While growth in interest and activities within certain investment markets generally indicate a positive trend, a lack of awareness and understanding has taken its toll on novice investors

The new arrangements set under the Draft Regulation do indeed embody the governments intention to throw open Indonesias gates to investment even wider through the introduction of various strategies, which include greatly reducing the number of business fields that are conditionally open to investment and introducing priority business fields which are entitled to enjoy incentives.

These new instruments carries with it the hope that the protection towards investor rights will be improved and broadened, as said mechanisms complement the currently existing investor-protection mechanisms.

The various provisions that are set out under both the Job Creation Law and Regulation 74/2020 strive to navigate the various concerns outlined on LPI, specifically as regards the supervision of the supervisory board, the appointment of the BoD and advisory board, and the overall issues of transparency, auditing and reporting. However, as ever in Indonesia, it remains to be seen whether these provisions can be implemented effectively in the field so as to ensure the confidence of investors and prove that the LPI can beat the odds.

Indonesia's regulatory frameworks during the upcoming months of 2021 are likely to be dominated by the issuance of various implementing regulations to Law No. 11 of 2020 on Job Creation and also contain various draft bills listed under the 2021 Priority National Legislative Program, , which is expected to be agreed upon by the House of Representatives at some point this month

Throughout 2020, governments all over the world have had to face many challenges, not only at the national level but also globally. The spread of COVID-19 has meant that many stakeholders have had to become more creative just in order to survive the ongoing pandemic. As Indonesias primary state actor, the Indonesian Government has issued many countercyclical policies this year as part of efforts to revive the Indonesian economy during the ongoing COVID-19 pandemic.

Through the introduction of this Regulation, it is clear that the Indonesian Government is aiming to keep up with ongoing developments in internet technology and the ever-increasing use of electronic systems while at the same time attempting to establish stricter controls and supervision over private PSE operating within Indonesia.

Banks are required to implement a number of preventive measures in order to avoid acts of fraud being committed by bank employees, while OJK can implement certain roles to assist in the process of handling any disputes that emerge between customers and banks.

As Indonesias commercial courts generally perceive debt in a broad sense, the obligations of developers towards buyers, can qualify as debts and can thus be classified as objects of PKPU petitions.

The RCEP, for Indonesia in particular, is expected to increase exports to participating countries by 8% - 11% and investment in Indonesia by 18% - 22%. In addition, experts have also suggested that participation in the RCEP may ultimately increase Indonesias GDP during the 2021 - 2123 period by 0.05% and further increase welfare gains by approximately USD 1.52 billion.