The February 2022 edition of the PEFINDO Newsletter presents articles regarding 2021 GDP Growth By Economic Sector. In addition, it also reviews Corporate Sectors Update With a Better Performance in 2021. Form local government, Financial Relations Between the Central Government and Local Governments: Regulatory Framework of Local Government’s Finance (1). From bond market, Why Retail Investor Participation Should be More. At the end, it also conveys the progress of the company and debt securities rated by PEFINDO as of the end of January 2022