How-to understand regulation of Non-Fungible Token in Indonesia

The Ministry of Communications and Information is promoting the acceleration of national digital transformation through national startup because Indonesia has a great opportunity to achieve digital economic independence. Data shows that Indonesia has experienced faster digital economic growth, compared to other Southeast Asian countries.

One of the industrial sectors showing significant growth in Indonesia is health and beauty products. Especially beauty products have become an indispensable feature of an individual’s lifestyle. In addition, the growing awareness of individual beauty is one of the main driving factors for the use of beauty products in the global market. Together with everyone, both women and men, there is an increase in the use of beauty products in everyday life, which complements the growing demand for the global beauty product market. Therefore, changing lifestyles have driven the growth of the global beauty product market.

Agriculture has contributed 13.70% to GDP in 2016 including Fisheries & Livestock and the number employed in the Sector is 46 million. Foreign investors wishing to operate in Indonesia are allowed to explore the possibilities offered by the agricultural industry, one of the most productive sectors of the economy today. Foreigners must comply with the Cultivation Rights Act under which they can lease a plot of private or state-owned land and grow various crops on it. This lease is granted for a period of 35 years.

Now PT Perusahaan Listrik Negara (Persero) (“PLN”) and other electricity companies that want to increase their business by selling electricity across countries have been allowed by the government on condition that local electricity needs have been met, but it also has to get the permission of the Minister of Energy and Mineral Resources first. However, some time ago, the Minister of Investment or the Head of the Indonesian Investment Coordinating Board (BKPM) Bahlil Lahadalia reiterated that Indonesia would not export electricity, especially electricity from New and Renewable Energy (EBT) abroad. In fact, the decision to ban exports from Minister Bahlil is in contrast to the decision of the Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif, which some time ago opened up opportunities for other countries such as Singapore to import electricity from Indonesia.

The tourism service business is one of the most potential business opportunities in Indonesia. In fact, almost all tourism services in Indonesia are full of enthusiasts. This bustling business cannot be separated from the fact that Indonesia has extraordinary natural beauty, along with its cultural diversity and uniqueness which is now an attraction for domestic and foreign tourists. On average, this tourism service business serves many customers, both domestic, regional and foreign customers. The diversity of tourist attractions in Indonesia itself, automatically affects the tourism service business

Media is a changing and evolving industry that creates jobs, goods and services, and revives related industries. Media is also an industry in itself that has rules and norms that link these institutions to society and other social institutions. Media behavior cannot be separated from the interests of the parties associated with the media system. These parties are media workers (journalists), media owners (entrepreneurs), audience (society), and regulators (government).