The tourism industry is one of the business sectors that can contribute to the growth of Indonesia. The growth of the sustainable tourism sector in recent years has reached 25.68 percent. The World Travel Tourism Council (WTTC) stated that the achievement was the ninth-fastest in the world, number 3 in Asia, and number 1 in Southeast Asia. The government issues the 16th Economic Policy Package about the relaxation of a negative list of investments to open access to foreign investment opportunities to invest in Indonesia in several fields. It enables the tourism sector to create a multiplier effect on the economy and social life of society. Then, the potency of overlapping policy issued with related regulations (such as Law No 10/2009 on Tourism, Law No 20/2008 on Small and Medium-Sized enterprises, etc.). This study aims to address the urgency of the 16th economic policy package about the relaxation of a negative list of investments through the revision of the Presidential Regulation of The Republic Indonesia No 44/2016. What is the impact of the 16th Economic Policy Package on the relaxation of the negative investment list on the developing tourism industry in Indonesia? This study uses legal data (normative study). The result indicates that the government has not considered the readiness and sustainability entrepreneur at an increasingly competitive level. Besides, the government arranges the relaxation of a negative list of investments unilaterally. It becomes a nonparticipatory policy for the development of the tourism industry in Indonesia.
Village Owned Enterprise is an important part of the form of empowerment economic community at the village. Given, the urgency of the existence of Village Owned Enterprise, the government through the Regulation of Ministry of Villages, Disadvantaged Regions and Transmigration No. 5 of 2015 stated that one of the priorities of the use of village funds is for the establishment and development of Village Owned Enterprise. While the mechanism of establishment of Village Owned Enterprise is based on the result of village consultative meeting involving element of village government, element of village consultative body, and elements of community figures. The result of the village consultative meeting is implemented in form Village Regulation. However, it causes anomaly related to the status of Village Owned Enterprise, because it does not have to be legal entity in Regulation of Ministry of Villages meanwhile it has to be legal entity in Regulation of Minister of Home Affairs No. 39 of 2010 on Village Owned Enterprise.
A business decision is very important to determine the quality of the Board of Directors in carrying out their duties professionally and responsibly as expected by Good Corporate Governance (GCG). The effectiveness of the Board of Directors is the center of the implementation of Good Corporate Governance. Bank Business is very risky (such: credit risk, reputation risk, etc.). The Board of Directors in making a business decision, will always face unpredictable condition. In Banking practice, the Head of Branch Office Bank is the extension of Director, if the Head of Branch Office Bank signs credit agreement out of the rules (plafond). His action has categorized as ultra vires, so the consequence is the Head of Branch Office Bank can be held responsible for his action. In this case, the Board of Directors has not taken responsibility for the action of the Head of Branch Bank, based on Business Judgment Principle, the Director has not taken its responsibility for ultra vires act which is done by the Head of Branch Office Bank, as along as Director has managed the Company in good faith, carefully and does not against the law. Therefore, Business Judgment Principle gives legal protection to the Director in making a business decision
The implementation of an online single submission risk-based approach (OSS RBA) is a manifestation of a government program to increase investment in a region. Business risk classification is an instrument of the Central Government and Local Government in controlling business activity. This study aims to find out the readiness of the local government to implement an online single submission risk-based approach. The method of the study is empirical legal research. The result of this study shows that Padang City has issued Mayor Regulation No 43 /2021 on Guidelines and Procedures of an online single submission risk-based approach Supervision as a follow-up to Government Regulation No. 5/2021 on implementation of online single submission risk-based approach; meanwhile, several other regions are in the process of drafting local regulations relate to implementing online single submission risk-based approach in West Sumatera Province. The challenges of local government to implement OSS RBA consists of indefinite license periods in the particular business field (Appendix I Government Regulation No 5/2021), the regional support system has not integrated OSS RBA and the readiness for the transition from manual RDTR to digital RDTR in West Sumatera.
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