Implementation of Supporting Development of The Tourism Sector in Bali Province

DOI

10.2991/978-2-38476-180-7_31How to use a DOI?

Keywords

Legal Protection; Investors; Investment; Tourism

Abstract

This research aims to understand and protect investor rights through strong legal protection aspects. Investments in solar energy are an important step towards clean and sustainable energy sources, and the success of these projects can provide significant benefits to society and the environment. Hence the importance of legal protection for investors and provides some suggestions to improve the legal environment for investment in solar energy. As has been stated, the opportunity for Regional Governments to build power plants in this era of regional autonomy is indeed very large, but in reality on the ground this is difficult to implement because the regional government’s financial capacity allocated in the Regional Revenue and Expenditure Budget (APBD) is not able to finance investment for the construction of power plants. For this reason, it is necessary to have an alternative provision of development financing, which in this case is sourced from capital investment (investment), especially foreign investment, because investment in the field of power plant development requires relatively large financing and a long period of time to manage it so that investors obtain profits from investment activities. Investment according to the provisions of Law Number 25 of 2007 concerning Investment is all forms of investment activities, both by domestic investors and foreign investors to conduct business in the territory of the Republic of Indonesia. Meanwhile, what is meant by foreign investment is investment activities to carry out business in the territory of the Republic of Indonesia carried out by foreign investors, either using foreign capital entirely or jointly with domestic investors. Until now, the interest of foreign investors (investors) in the form of business entities and individuals is still very small in carrying out investment activities, especially in the construction of power plants, because there are still obstacles or factors that hinder foreign investment activities in Indonesia, so investors are still reluctant to invest their capital in developing countries such as Indonesia.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Ayu Prasetya Dewi
AU  - Ni Made Puspasutari Ujianti
AU  - A. A. Sagung Laksmi Dewi
PY  - 2023
DA  - 2023/12/31
TI  - Implementation of Supporting Development of The Tourism Sector in Bali Province
BT  - Proceedings of the International Conference on “Changing of Law: Business Law, Local Wisdom and Tourism Industry” (ICCLB 2023)
PB  - Atlantis Press
SP  - 282
EP  - 288
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-180-7_31
DO  - 10.2991/978-2-38476-180-7_31
ID  - Dewi2023
ER  -