The Effectiveness of the Presence of Investment Management Agency in Indonesia
- DOI
- 10.2991/assehr.k.211203.003How to use a DOI?
- Keywords
- Domestic; Economy; Investment; Investment Management Institution
- Abstract
The Indonesian government’s strategy to deal with the drastic decline in the Indonesian economy is to increase investment and domestic consumption. One of government’s modes to increase investment is that the government and Indonesian House of Representatives approve establishment of omnibus law, namely Law Number 11 in 2020 with regard to the creation of job. Foreign investors may not own more than 50% of shares because domestic or domestic investors have the authority and right to own more than 50% of capital. In running business activities, foreign also domestic investors must do their business with fair competition and healthy competition among fellow business actors. Healthy business competition is a very commendable thing. Business Competition in Indonesia is expected during the Pandemic Period to be carried out and run in a Competitive and Innovative manner. The role of Law and Business Competition Policy in encouraging the national economy is very much needed. Fostering great business climate with the role KPPU to supervise the implementation of Law Number 5 in 1999 regarding the Prohibition of Monopolistic Practices and Unfair Business Competition (UULPM) is expected well.
- Copyright
- © 2021 The Authors. Published by Atlantis Press SARL.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Alum Simbolon AU - Irene Putri Alfani Sofia Sinaga PY - 2021 DA - 2021/12/03 TI - The Effectiveness of the Presence of Investment Management Agency in Indonesia BT - Proceedings of the 2nd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2021) PB - Atlantis Press SP - 12 EP - 16 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.211203.003 DO - 10.2991/assehr.k.211203.003 ID - Simbolon2021 ER -