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Case: 4. Government policy on business. THE GOVERNMENT has renewed three new policies in the Economic Policy Package Volume XVI, namely the expansion of tax
Case: 4. Government policy on business. THE GOVERNMENT has renewed three new policies in the Economic Policy Package Volume XVI, namely the expansion of tax holiday recipients, relaxation of the Negative Investment List regulation, and regulation of Foreign Exchange from Exports of Natural Resources In relaxing the basic rules of the DNI, the government announced that it would exclude 54 business elds from the DNI and in them in 25 business elds, opportunities were opened for investors who owned 100 percent of shares, This decision was taken to encourage domestic and foreign investment to develop. Chairman of the Village Consultative Body of the Indonesian Young Entrepreneurs Association Jaya Afuddin Suhaeli Kalla assessed that the decision to relax the Negative Investment List could weaken the Micro, Small and Medium Enterprises (MSMEl industry in Indonesia. "MSMEs are the backbone of the national economy because they have contributed 62.58 percent to GDP which can be a catalyst for higher growth. The relaxation of the Negative List of investments can lead to weakening of small and medium enterprises, especially in sectors where 100 percent of investment is opened. foreigners, "said Afi in his ofcial statement received by Wartakotalivecom, Thursday {22l11l2018}. Afi said, although the government's intention in this matter was good, namely to increase investment in Indonesia to reduce the current account decit, this policy could encourage the growth of Micro, small and medium enterprises entrepreneurs. In addition, foreign investment entering Indonesia will be a positive thing, but with a 100 percent Foreign investment scheme, automatically many Micro, small and medium enterprises entrepreneurs will be affected and even possibly lost, 'We encourage the government to take this policy into account from inputs from the business world," said A
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