A fire broke out in the National Agency of Drug and Food Control (NADFC) headquarter building in Central Jakarta on Sunday night (18/07) starting at 21.30 WIB. No victim was reported and only one room damaged in the incident. Even though there have been no further details of what items were burned in the room, NADFC ensures that the services are not affected due to this fire. “The damage occurred in one room. NADFC declared it did not interfere with the function of services at the POM Agency,” NADFC wrote on its official website, Monday (7/19/2021).
Head of Central Jakarta Fire and Rescue Agency, Asril Rizal explain that the fire started on the first floor of the East F and west F corridors, where electrical maintenance was in progress. The maintenance worker raised the switch on the Miniature Circuit Breaker when suddenly there was a sparked a fire and thick smoke.
At around 22.00 WIB, 8 fire fighting vehicles and 9 supporting cars from the Central Jakarta Fire and Rescue Agency have successfully extinguished the fire. At around 23:00 WIB the officers began the cooling process and the blackout was declared complete on Monday at 00:42 WIB.
“The BPOM Agency expresses its deepest gratitude to all parties, especially the firefighters and local police who moved quickly to extinguish the fire and secure the situation at the fire location,” NADFC wrote on their official website.
Investment in Indonesia during the pandemic can be challenging for foreign companies since the ongoing COVID-19 pandemic has brought considerable damage to the world economy. Majority of the world experienced a decline in GDP, including Indonesia. However, Indonesia performance was still above the average. Indonesia only contracted 2,07%, lower from the total global contraction of 3,6% [1].
Despite the 2,07% contraction, there are still sectors that have performed well, even experienced improvements during the pandemic. The following are 3 sectors which has positive performance and should be considered as investment destination in Indonesia.
1. Information and Communication
Prior to 2020, this sector grew around 7% a year. In 2020, it recorded a fairly high increase of 11,6%. Social restrictions, work from home and online schooling are the contributors of this increase. According to the Big Data Review 2020 report by BPS, online sales in Indonesia in February-July 2020 increased sharply.
In addition to the current positive trend, this sector has positive outlook. Bank Indonesia projected that the E-commerce transaction in 2021 will grow 33,2% from Rp 253 trillion ($17 billion) to Rp 337 trillion ($ 23 billion) in 2021. The E-Conomy SEA 2020 report by Google predicts that Indonesia’s internet economy will reach $124 Billion in 2025.
2. Healthcare and Social Services
During the pandemic, it is natural for this sector to experience an increase. However, the health sector has been an attractive industry in general. Since January 2014, the Indonesian government began implementing the Jaminan Kesehatan Nasional (JKN), the universal National Health Insurance System. The implementation of JKN triggered increase in Government Healthcare budget.
Prior to the implementation of JKN, the Government Healthcare budget was only around 2% of total state budget. The number has been steadily increased since 2014, as in 2020, the Healthcare budget is 5% of state budget.
The implementation of JKN increased the need for investment in health sector. In an effort to attract more foreign investment, the Indonesian government has opened up the medical device and the manufacture of raw materials for medicines industry to 100% foreign direct investment (FDI). This is done to attract foreign manufacturer to bring its high technological products that are being produced overseas.
3. Agriculture
Since the second quarter of 2020, the agricultural sector showed a positive trend. The value of y-o-y growth increased from 2,8% in the second quarter of 2020 to 4,8% in the first quarter of 2021. Agriculture is one of the key sectors in Indonesian economy. This sector has the largest workforce as the number of workforces in reached 38 million people in February 2021 [2]. In addition, it is also accounted for 9% of Indonesia’s total GDP in 2020.
Agricultural sector plays an important role in fulfilling demand of food for 270 million Indonesians. The demand of food will increase along with population, which is estimated to reach 319 million by 2045. Thus, this sector will have a secure and potential prospect in the future.
How can Double M help you?
DOUBLE M providing market entry solution services in South East Asia. Should you have any inquiry, please contact us at info@double-m.co
Previously, The National Task Force for COVID-19 handling in Indonesia has released Circular Note No. 8 2021 on February 9. An addendum of said Circular Note is officially released on July 4 and will come into effect on July 6, 2021. The background of the commencement of Addendum is due to the high counts of transmitted cases of Virus SARS- CoV-2 and new variants of the Virus (known as Alpha, Beta, Delta, and Gamma) in Indonesia, it is imperative for the Government to add particular regulations upon International travels for those intending to enter into Indonesia.
The scope of this Addendum is the same as the original Circular Note in which for international travelers. Several changes and additions can be found in the health protocols in this newly enforced regulation, such changes shall apply to all international travelers.
The summary of changes is as follow :
1. All international travel during Covid-19 pandemic both of Indonesian Citizen or Foreign Citizen is required to follow below conditions :, both of Indonesian Citizen or Foreign Citizen is required to follow below conditions
a. Upon arrival to have re-testing of RT-PCR and required to be in quarantine for 8×24 hours.
b. After 7 days of quarantine, a second RT-PCR test will be performed.
c. If the test result appears negative, the international travelers might leave the quarantine after 8×24 hours and will be confirmed to have completed the quarantine.
d. If the test result appears positive, the international travelers will be medically assisted in the appointed hospital.
2. All international travel During Covid-19 pandemic both of Indonesian Citizen or Foreign Citizen is required to follow below conditions :
a. Indonesian Citizen is to provide vaccination card/certificate (either original or digitally) as proof to have acquired a full and complete dose of COVID-19 Vaccine as a requirement to travel into Indonesia. Foreign Citizen who has not acquired Vaccination in their origin countries will be vaccinated in the quarantine area after the second test of RT- PCR with a negative result.
b. Foreign Citizen is to provide vaccination card/certificate (either original or digitally) as proof to have acquired a full and complete dose of COVID-19 Vaccine as a requirement.
c. Foreign Citizen living in Indonesia and will perform travels either domestically or internationally is required to be vaccinated through the program scheme in accordance to regulated law.
d. The obligation to provide card or certificate of COVID-19 Vaccination (either original or digitally) is excepted for Foreign citizens with diplomatic visa and appointment visa
Pursuing the changes stipulated in Addendum of Circular Note no. 8 of 2021, the steps to travel into Indonesia are as follow :
RT-PCR test requirements for international travelers :
– 3 x 24 hours before departure
– 1 x 24 hour upon arrival
– 7 x 24 hours upon arrival/before completing the 8 x 24 hours of the mandatory quarantine period
As stated previously, the regulation will be applied on July 6th, 2021, and shall remain in force until further notice as the Ministry of Foreign Affairs has informed all related Foreign Missions. Without disregarding the Emergency PPKM of Java-Bali since July 3, the Minister states that the Addendum is to be in sync with the regulations of Emergency PPKM.
Note: DOUBLE M – Summary Addendum of Circular Note No. 8/2021
Commonly misinterpreted and overlapping their own details, Foreign-Owned Company and Representative Office might confuse the business owners to start their activities in Indonesia. This might help you give better insights on what to expect when you pick one of the available options for setting up a new business in the country.
General Overview : Foreign Owned Company
The recognized legal entities in Indonesia are provided in three (three) forms, according to Indonesian law: Limited Liability Company (Perseroan Terbatas / PT), Cooperative / Union (Koperasi), and Foundation (Yayasan). Though, each entity has its own types and variations; the most well-known and variative is the Limited Liability Company (Perseroan Terbatas / PT). Known internationally as one of the most famous business/legal entities, the Limited Liability Company in Indonesia is under the regulated Company Law of Law No. 40 years 2007. Several of its types are : Local Company (Perseroan Terbatas Lokal / PT Lokal), Foreign-Owned Company (Perseroan Penanaman Modal Asing / PT PMA), and Publicly Listed Company (Perseroan Terbatas Terbuka / PT Tbk.). Surely, the difference between Local and Foreign-Owned Companies is on the ownership of shares.
However, due to the regulations and various investment laws, setting up a Foreign-Owned Company in Indonesia might be a hassle to those new to the Indonesian market. This is where Representative Office comes to the rescue. Serving the role of its own name, a Representative Office is an office of representative presence from the foreign principal companies overseas.
General Overview : Representative Office
Having a different form than the Limited Liability Company, a Representative Office (Kantor Perwakilan Perusahaan Asing / KPPA) is more suitable for the initial step of establishing your business. If you have a fully established business overseas, with a status similar to the definitions of Indonesia’s Company, then your business can enter the Indonesian market in the form of a Representative Office. While Company is a more free to roam legal entity and Representative Office is limited to market research and support activities to the foreign principal companies overseas.
Roles : What are the differences?
Limited Liability Company is allowed to perform its intended business activities, with having (at least) one Director, one Commissioner, and two Shareholders upon establishment. The requirements may vary depending on the business activities. Whereas Representative Office is only required to have one Chief of Representative Office (whose role does not overlap with the Directorial-level position in the principal foreign company overseas). The Representative Office, unlike a Limited Liability Company, is unable to perform any profit-related activities. Its ability is limited to only supervise, research, coordinate and support the principal foreign company.
Reach our team for further questions and we will provide the best solution to suffice your Investment needs!
Bank Account in Indonesia – If you plan to stay in Indonesia at a certain time as an expatriate, or perhaps even in a long term, then it is recommended to open an Indonesian bank account. Although this is not a necessity, it will make life easier for you. By having a local bank account, you can easily manage and do all sort of financial activities such as bill payments, salary transfers and cash withdrawals.
Local banks offer savings and checking accounts in Rupiah or a foreign currency (usually in US Dollars). In addition, banks also offer term deposits, credit cards and foreign exchange services. After checking which bank services you need, the next step is to open a bank account. Before applying for a local bank account, it is advised that you should check what documents are needed. You can check this by visiting the bank website or the branch directly. However, these are some of the documents you likely need:
Valid passport
Temporary resident permit (KITAS)
Proof of address in Indonesia
Residency contacts
Domicile letter
If you have work-related KITAS, a recommendation letter from your employer and your employer’s NPWP (tax identification number).
Your NPWP (tax identification number).
Choosing the Right Bank
Based on the banking statistics of the Financial Services Authority, in 2021 there are 107 commercial banks operating in Indonesia. With that number of banks, it is certainly difficult to choose the most suitable. Therefore, to make it easier for you, here we provide 3 bank recommendations for expatriates.
This is one of the oldest banks in Indonesia and is currently owned by OCBC Singapore. OCBC NISP offers a multi-currency account, Tanda 360 Plus. Tanda 360 Plus can manage 12 currencies in one account. The 12 currencies are the following.
This bank is a joint venture between CIMB Group Malaysia and Bank Niaga. CIMB Niaga has a wide network and presence in ASEAN countries such as Malaysia, Singapore, Thailand, Cambodia, Philippines, Brunei, Laos, and Myanmar. If you are an expatriate who often travels around South East Asia, this will facilitate your financial activities.
Mandiri is currently the state-owned bank with the largest assets. The advantage of using Mandiri is their huge network of offices and the terms and conditions for inter-bank transfers, both domestic and overseas, are easier than other banks.
How can DOUBLE M help you?
Double M is providing market entry solution services in South-East Asia. Should you have any inquiries, please contact us at info@double-m.co
Affidavit for children – in Indonesian law is a form of immigration facility provided by the Indonesian government to a child holding a foreign passport who has limited dual citizenship in accordance with Law no. 12 of 2006 on Citizenship and regulation of Ministry of Law & Human Rights no. M.01-HL.03.01/2006. a child resulting from a mixed marriage between an Indonesian citizen and a foreign citizen will have dual citizenship. If the child holds a foreign passport, the foreign passport of the child will be given an affidavit, which states that this child is the subject of article 41 of the Citizenship Law.
What is the importance of Affidavit?
An affidavit is in the form of a valid written which is attached to the foreign passport of the child. An affidavit is valid for one visit to the Republic of Indonesia.
The benefit of Affidavit for children:
Exemption from the obligation to have a visa
Exemption from the obligation to have immigration permits and re-entry permits
Providing entry or exit sign which is safe as Indonesian citizens
What are the criteria for children with dual citizenship?
Foreign Citizen Father
Indonesian Citizen Mother
Indonesian Citizen Father
Foreign Citizen Mother
Children Status/Criteria
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Children born from legal marriage
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Children born from legal marriage
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Children born from non-legal marriage, recognized by an Indonesian citizen father as his child and the recognition is made before the child turns 18 (eighteen) years of age or has not yet married
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Children born outside the territory of Indonesia
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√
Children born from non-legal marriage, are not yet 18 (eighteen) years old and have not yet been married, are legally recognized by their foreign citizenship and are still recognized as Indonesian citizens
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√
Children who have not reached 5 (five) years of age, are legally adopted as children by foreign nationals based on court decisions and are still recognized as Indonesian citizens
Citizenship Law No. 12 of 2006 (Art. 6) stated that children with the above criteria are granted dual citizenship status. The child must choose one and declare their nationality in two conditions. First, if they reach the age of eighteen or if they are getting married.
The Job Creation Law (Omnibus Law / Undang-Undang Cipta Kerja) as Convention No. 10 of 2020 regulated November 2, 2020, was one of the most highlighted Indonesian regulations these days. This convention provides allows Indonesian Ministries and Governmental agencies to create new regulations to be in accordance with the directions in Omnibus Law. To rapidly, create new governed regulations under the Omnibus Law. The Job Creation Law revises various provisions in cross-sectoral laws, including Law No. 13 of 2003 on Labor (“Labor Law”).
Enforcement of the new Regulation of Omnibus Law
As one of the most affected authorities, the Ministry of Manpower, alongside the other related governmental institutions, created a new regulation under the Omnibus Law called Government Regulation (Peraturan Pemerintah) Number 35 of 2021. This regulation enforced by considering Article 81 and Article 185 concerning the Job Creation Law regarding the Fixed-Term Employment Contract, Outsourcing, Working Hours & Recess Hours, and Employment Termination. As for today’s review, we will straightly provide you with the latest information on the Fixed-Term Employment Contract (Perjanjian Kerja Waktu Tertentu), and how to terminate it.
Omnibus Law on Compensation for Fixed-Term Employees (“PKWT”)
Previously, Labor Law number 13 of 2003 was the regulation for the manpower sector in Indonesia. All sectors entwined, based on the necessity of having proper employment terms, regulated in the previous Labor Law. The next action taken by the Government after the enforcement of Omnibus Law is to have the latest enforced Law taken into consideration.
DETAILS
Law (Undang-Undang)No. 13 / 2003 previous regulation
Government Regulation(Peraturan Pemerintah) No. 35 / 2021 current regulation
Working Period
“2-1-2” rule: 2 years maximum in the first term 1-year extendable period (once) 2 years maximum contract renewal (after 30 days “clean break” period)
Fixed period of time / on completion of a specified project as written in employment agreement
Termination
Period / termination request
Period and/or project completion / termination request
COMPENSATION
NONE
1 year salary for 12 months fixed-term working period
Compensation Calculation : working for a month entitled to compensation!
An employee entitled to receive a certain amount of compensation after completing their Fixed-Term Employment contract. The amount calculated based on the minimum working period of 1 (one) month and calculated on a pro-rata basis to their monthly salary. Any form of termination, be it by unilateral or voluntary decision, or by completing the period of Contract, will provide the terminated employee with a work compensation (Article 15 of the Government Regulation No. 35/2021). Previous Labor Law has never issued this type of terms to Fixed-Term Employee. However, this rule does not apply to foreign employees with a fixed-term contract of employment. This is because of the company’s working relationship.
The compensation gave based on the value of the basic salary and fixed allowance. If, the Company has a non-fix allowance provided alongside the basic salary, the compensation given based on the value of the basic salary.
The compensation for a fixed-term employment contract, for a specific project, finishes before the period specified in the employment agreement, the compensation is then calculated up to the time of completion of work and not until the specified period.
Compensation for Employee/Worker on Micro and Small Business gave based on the negotiation and mutual agreement between the Employer and the Employee/Worker.
Effectively Regulated for the field of Labor
The Labor Law of 2003 is not ignored in performing the employment-related issue despite Government regulation, the mutual agreement between the company and the employee has to be a part of the rules set for employment conditions. Moreover, as explained in Article 65 of Government Regulation Number 35 of 2021. The previous Labor Law of 2003 can be carried out, as long as it doesn’t contradict the regulated terms in the Government Regulation.
Omnibus Law, Effects on Business
These regulations clearly put Labor on the “winning” side, the Government must pay attention to the impact it may have on business especially during this time of recession. Employers are now given the option of hiring temporary or permanent employees for their Company. They both have benefits and drawbacks of doing business; permanent employers get no compensation; after compliance with the terms specified, the employee continues to be entitled to the Company’s severance pay.
And this newly regulated Government regulation helps the employer to give more time upon employment status consideration; in whichever must be suitable to the needs and in accordance to the Law. For a more complete regulation insight please contact Double M. Phone: +62 21 2789 9882 or Email: info@double-m.co
The Covid-19 pandemic has hit Indonesia for nearly thirteen months since the government confirmed the first infection in Indonesia on March 2, 2020. Not only causing a public health crisis, but the Covid-19 pandemic has also significantly disrupted national economic activity. The Indonesian government is taking action to expand tax incentives to maintain economic stability
The government’s decision to implement Large-Scale Social Restrictions (PSBB) since April 2020 has had a broad impact on the process of production, distribution, and other operational activities, which ultimately leads to economic performance. The Indonesian economy in 2020 will grow negatively. Unemployment and poverty rates are increasing. Various regulations have been released by the government to put the national economy back into a positive trajectory after the pandemic.
Various economic policies have been established to stand the negative impact of Covid-19.
In reaction to the economic effects of COVID-19, the Indonesian government repealed Ministry of Health Regulation No.44/PMK.03/2020 (PMK-44) and replaced it with Ministry of Finance Regulation No.86/PMK.03/2020 (PMK-86), which takes effect on July 16, 2020.
The list of taxpayers eligible for Article 21 of the Employee Income Tax (EIT), Article 22 of the Income Tax on Imports, Article 25 of the Income Tax Incentive, and Value Added Tax (VAT) has been expanded in PMK-86 (VAT). The list of qualifying taxpayers has been extended to include taxpayers who meet the following criteria:
Have a Business Classification (Business Classification Field / KLU) which is included in the Annex PMK-86;
Declared as a company granted with Import Facility for Export Purposes (Kemudahan Impor Tujuan Ekspor/KITE)
Have a license as an operator and/or business in the Bonded Zone (BZ) area.
Processing and refining were included as eligible industries in the previous PMK-44, and the number of eligible industries has been extended in PMK-86. The particular KLU mentioned in each Attachment to PMK-86 should be used to determine whether or not a taxpayer is eligible. The full list can be found in PMK-86’s addition.
Expand tax list of industries at PMK-86.
Attachment A (consisting of 1,189 Klus) for Article 21 EIT incentive, which includes:
Agriculture, Forestry, and Fishery
Mining and Excavation
Processing/manufacturing
Procurement of Electricity, Gas, Steam/Hot Water, and Cold Air
Procurement of Water, Garbage Treatment and Recycle, Waste and Garbage Disposal and Cleaning
Construction
Wholesale and Retail Trade; Repair and Maintenance of Cars and Motorcycles
Transportation and Warehouse
Furnishing of Accommodation and Furnishing of Meal-Drink
Information and Communication
Financial and Insurance Service
Real Estate
Professional, Scientific, and Technical Service
Rental, Manpower, Travel Agency and Other Business Supporting Service
Education Service
Health and Social Activity Service
Culture, Entertainment, and Recreation
Other Service Activities
Attachment H (consisting of 721 Klus) for Article 22 Income Tax on imports and VAT incentives, which includes:
Agriculture, Forestry, and Fishery
Mining and Excavation
Processing/manufacturing
Procurement of Electricity, Gas, Steam/Hot Water, and Cold Air
Procurement of Water, Garbage Treatment and Recycle, Waste and Garbage Disposal and Cleaning
Construction
Wholesale and Retail Trade; Repair and Maintenance of Cars and Motorcycles
Transportation and Warehouse
Real Estate
Attachment M (consisting of 1,013 Klus) for Article 25 Income Tax incentive which includes: Agriculture, Forestry, and Fishery:
Mining and Excavation
Processing/manufacturing
Procurement of Electricity, Gas, Steam/Hot Water, and Cold Air
Procurement of Water, Garbage Treatment and Recycle, Waste and Garbage Disposal and Cleaning
Construction
Wholesale and Retail Trade; Repair and Maintenance of Cars and Motorcycles
Transportation and Warehouse
Furnishing of Accommodation and Furnishing of Meal-Drink
Information and Communication
Financial and Insurance Service
Real Estate
Professional, Scientific, and Technical Service
Rental, Manpower, Travel Agency and Other Business Supporting Service
Education Service
Health and Social Activity Service
Culture, Entertainment, and Recreation
Other Service Activities
Expand Tax incentives in PMK-86 are still the same as PMK-44 which are the following:
For eligible taxpayers, the Article 21 EIT for employees with annual income not exceeding IDR 200 million will be borne by the government.
Exemption of article 22 Income Tax on imports by eligible taxpayers.
30% reduction on article 25 monthly Income Tax installment of eligible taxpayers.
A preliminary VAT refund will be available for eligible taxpayers requesting a refund for a maximum IDR 5 billion.
This incentive is available for the period April – December 2020 but generally applies from the time of notification or application of incentives by taxpayers.
On April 30, 2020, the Directorate General of Taxation (Directorate General of Taxation) released Circular Letter No.SE-29/PJ/2020 (SE-29) as a reference to the introduction of PMK-86. According to SE-29, income tax incentives under Article 25 that are submitted no later than May 15, 2020, and EIT incentives under Article 21 that are submitted no later than May 20, 2020, will also be used beginning in April 2020. The notification, application process and realization report requirements remain the same. Except for Article 21 EIT which previously must be reported every quarter now become a monthly basis.
Final Expand Tax Incentive for SMEs
In addition to expanding the number of eligible taxpayers, PMK-86 includes new incentives for Small and Medium Enterprises (SMEs) that are subject to a 0.5 percent final income tax rate. The final tax regime of 0.5 percent extends to taxpayers with an annual gross turnover of no more than Rp 4.8 billion, according to Government Regulation No.23 of 2018 (GR-23)
The government will bear the final tax under this regime from April to December 2020, according to PMK-86. The final tax regime of 0.5% applies to taxpayers with an annual gross turnover of no more than Rp 4.8 billion.
On the 20th of the following month, qualified taxpayers shall apply a monthly realization report on the final tax borne by the government. PMK-86 specifies more specific operating processes for all qualifying taxpayers and tax holders.
Expand tax transitional
The government has set some transitional provisions regarding the changes from PMK-44 to PMK-86 which are the following:
Regarding the utilization of Article 21 EIT and Article 25 Income Tax Incentives based on PMK-44 do not need to return the same notification based on PMK-86.
Taxpayers who have submitted or granted SKB Article 22 Income Tax on imports based on PMK-44 do not need to reapply for SKB based on PMK-86. Those who have been get tax incentives based on PMK-44 can continue to enjoy the incentives.
For a more complete Positive Investment List please contact Double M.
The manufacturing industry is one of the major components of the Indonesian economy. The manufacturing industry is accounted for 21% of Indonesia’s total GDP in 2019. Manufacturing industry grew by 2% in the period of 2015-2019. Food and beverage manufacture is the largest in this sector and accounted for 34% in 2019. Due to the size of the manufacturing industry, the role of supporting industries such as the provision of capital goods and machinery becomes crucial.
Figure 1. GDP from Manufacturing Industry (constant 2010 price and USD)
Despite of its important role, Indonesia is still dependent on imports of capital goods and machinery. This is due to insufficient capacity of domestic the machinery and equipment industry. Based on data from Indonesia Central Statistics Bureau (BPS) in 2019, the machinery and equipment industry was 0.3% of total GDP or only 1% of the total manufacturing industry.
Figure 2. GDP from Machinery and Equipment Industry (constant 2010 price and USD)
In 2019, the import value of machines and electronics reached $47 billion. During the period 2015-2019, imports of these commodities grew by 4%. China is the largest supplier with a total of $20 billion in 2019, followed by Japan with $5,7 billion.
Due to the dependence, the import of capital goods and machinery is becoming one of the key indicators of Indonesia’s economic performance. The decrease in imports of capital goods will impact the component of Gross Fixed Capital Formation. This indicator measure how much investment in machinery and production equipment, thus indicating slower economic growth.
The government of Indonesia imposes import duties that vary between 0% to 15% and VAT of 10%. However, to encourage the development of industry and foreign investment, the government provides an exemption of VAT and import duties. Companies importing machinery for production purposes can apply for this exemption. The requirements for this exemption are regulated in Regulation of the Minister of Finance number 3 and number 10 of 2015.
Despite this exemption, the government is planning to reduce the dependence in the future. Machinery and equipment industry is one of the priorities in the National Industrial Development Master Plan 2015-2035. The government targets within 20 years, the domestic machinery industry is able to develop and domestically produce 5 types of equipment:
Computer Numerical Control (CNC) Machine.
Industrial Tools.
CNC Controller.
Flexible Machining Center.
Automation for electronic production and food processing.
In addition, to boost the investment in this sector, the government put machinery and main components of the machinery manufacturing industry as 1 of 18 strategic sectors which have been granted tax holiday facility. The tax holiday is given in the form of Corporate Income Tax reduction ranging between 25% to 100% depends on the size of the investment.
There are many ways leaders work, differentiating themselves from other employees. Many require high-level skills, such as defining vision and mission, being a decision-maker, or being an executor. But the best way that leaders can differentiate themselves is something that anyone can do and can in the example of other employees
A leader is best when people barely know he exists when his work is done, his aim fulfilled, they will say: we did it ourselves.
The most valuable thing everyone has is time. it is difficult for us to find enough time in the day for everything we need to do, let alone the things we want to do. You may think about sharing time with others, but that is an important part of a leader.
HR consultants say that leaders must spend 90 percent of their time developing and innovating their business. But a good leader must discipline herself to invest most of the time in others and the remaining time, you will be more productive and focus on job growth and innovation, then you will be at the forefront by paying attention to the things that are most important to you.
Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others.
ways become best leaders with giving time to others :
Teachable time
The best leaders create teachable moments and opportunities for development and coaching. Employees enjoy the time allotted for their learning and growth, and when they can learn from you—whether it’s a quick consultation on a specific issue or a seminar on new developments in your field—that time becomes even more valuable to everyone.
One-on-one time
One-on-one meetings with the employee often feel too quick and disorganized than they should be. But with the right prompts, the regular face-to-face connection provides an important way for people to share ideas and concerns that don’t have a chance to emerge in other settings. Make these meetings a priority, and spend the time listening. The more you listen to the employee, the more you will know about the employee, and the more you know, the stronger your leadership will be.
best leaders care about the time
Good leaders care about their employees, and the greatest leaders work with their teams. They make sure they know the struggles of employees, and care enough to ask questions – within appropriate limits – about family, activities, and life plans. Understanding the parts of life that give people meaning helps you know who they are.
Time for support.
Whether during one-on-one meetings, encourage employees to tell you how you can support them. It can be hard to get the ball rolling—people may feel they should be able to do things on their own. Work to create a collaborative culture where asking for help is seen as a sign of strength and togetherness.
Time to extend appreciation.
When you take the time to reward and recognize employees at important moments, it’s a good investment. But an even better way is to let them know, in spontaneous moments, how much you value them.
Lead from within.
Before you start investing your time and appreciation, you have to learn how to first lead yourself. Get smart on plotting to invest your time and remember that the best investment is giving that time to others.
Best leaders Give the opportunity
One of the most valuable gifts we can give someone is to give them a second chance. Is there currently someone you can give a second chance to prove yourself changing? If so, what steps would you take to create the right circumstances for them to succeed? What doors can you open for someone who is well-deserving, but not well-positioned to be noticed? When you start finding all the answers, you are one step forward to be a better leader than before. So do not wait for another time when you see a chance to give. And all of those actions must be first implemented to yourself.
Regardless, stick to these practical tips, as you build a name for yourself and create more value in your person for great and thoughtful leadership. For more complete information, please contact Double M. : Phone +621 27899881 or Email info@double-m.co
