Category: Newsflash

  • NewsflashFebruary 7, 2017

    Foreign NGOs Regulated Further

    To further regulate the permits and validation of nongovernmental organizations (NGOs) established by foreign parties, as stipulated under of Law No. 17 of 2013 on Social Organizations, the Government of Indonesia has issued Regulation No. 59 of 2016 on Social Organizations Established by Foreigners. ♦  Regulated Organizations The regulation applies to organizations established by foreigners Read more…

  • NewsflashNovember 3, 2016

    Electronic Information Law Amended

    The House of Representatives has passed a bill amending Law No. 11 of 2008 on Electronic Information and Transactions (“EIT Law”) in order to address issues that have developed in the electronic information sector over the past year. The main amended provisions are as follows: Definition of Electronic Systems Provider; Use of electronic information and Read more…

  • NewsflashAugust 1, 2016

    Government Proposes Regulation for Internet-Based Applications and Content Services

    Rapid growth in the telecoms sector, mainly triggered by the penetration of Internet usage, will continue and certainly accelerate in the future. The emergence of Over-The-Top (“OTT”) services, i.e., online content, applications and services, has rapidly allowed telecoms customers to access numerous services in addition to basic fixed and mobile telephony. At the same time, Read more…

  • NewsflashFebruary 22, 2016

    OJK Regulation on Disclosure of Material Information

    The Indonesian Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) issued OJK Regulation No. 31/POJK.04/2015 on December 22, 2015 regarding Disclosure on Material Information or Facts by Issuers or Public Companies (“POJK No.31/2015”). POJK No.31/2015 replaces the previous regulation issued by the Head of Capital Market Supervisory Body (“Bapepam”) under the Decision No. KEP-86/PM/1996 regarding Read more…

  • NewsflashFebruary 19, 2016

    New OJK Regulation on Rights Issue

    The Indonesian Financial Service Authority (Otoritas Jasa Keuangan –“OJK”) issued OJK Regulation No. 32/POJK.04/2015 regarding Increase of Capital for Public Companies with Rights Issue (“POJK No. 32/2015”). On December 22, 2015, the new rule replaces two previous regulations regarding rights issue that were issued by the Head of Capital Market Supervisory Body (“Bapepam”): (i) Decision Read more…

  • NewsflashFebruary 17, 2016

    Government Releases Proposed Revisions for New DNI

    On February 15, 2016, the Coordinating Ministry for Economic Minister (the “Ministry”) issued an official press release regarding the upcoming presidential regulation that will supersede the Presidential Regulation No. 39 of 2014 on the negative list of investment (Daftar Negatif Investasi – “DNI”). Along with the press release, the Ministry also issued a list of Read more…

  • NewsflashFebruary 16, 2016

    Introduction to Bonded Storage Areas

    In today’s era of seemingly borderless trade, it is important for a country to support the infrastructure sector, so that domestically produced goods can compete with products from other countries. Indonesia is not an exception. The government established the legal framework for Bonded Storage Areas in order to incentivize industrial production and trade across the Read more…

  • NewsflashFebruary 12, 2016

    Implementation of Sharia Principles in Capital Markets

    In November 2015, the Financial Authority Services (Otoritas Jasa Keuangan – “OJK”) issued Regulation No. 15/POJK.04/2015 on Implementation of Sharia Principles in Capital Markets (“POJK 15”), replacing Bapepam-LK Regulation No. IX.A.13 concerning Issuance of Sharia Securities (“Bapepam Reg. IX.A.13”). Compared with Bapepam Reg. IX.A.13, POJK 15 provides more detailed qualifications on the types of capital Read more…

  • NewsflashJanuary 29, 2016

    New OJK Regulation on Bank Business Plan

    On January 26, 2016, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) issued Rule No. 5/POJK.03/2016 concerning Bank Business Plan (Rencana Bisnis Bank ­– “RBB”) (“POJK 5”), which replaces Bank Indonesia (BI) Regulation No. 12/21/PBI/2010 concerning Bank Business Plan (“PBI 12”). After the enactment of POJK 5, the implementing regulations of PBI 12 will Read more…

  • NewsflashJanuary 28, 2016

    New Regulation Allows Port Concessions through Appointment and Regulates Mandatory Transfer of Facilities

    On August 19, 2015, the President enacted Government Regulation No. 64 of 2015 amending Government Regulation No. 61 of 2009 on Ports (the “New Port Regulation”) in order to stimulate investment in port infrastructure by allowing Port Administrators to use direct assignment and appointment to grant port concessions. To implement the New Port Regulation, the Read more…


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