Category: Newsflash

  • 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…

  • NewsflashJanuary 21, 2016

    Indonesia Boosts Investment Activities Through Special Economic Zones (SEZs)

    To accelerate economic development and job growth, the government enacted Law No. 39 of 2009 on Special Economic Zones (“SEZs”). ♦ INCENTIVES AND FACILITIES SEZs attract investors by offering a number of facilities and incentives, including: Exclusion from restrictions under the Negative Investment List (except for reservations for SMEs and cooperatives) Income tax facilities Land Read more…

  • NewsflashJanuary 20, 2016

    OJK Re-regulates Venture Capital Business

    On December 28, 2015, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) issued new regulations governing venture capital business, which was previously regulated by the Ministry of Finance (“MOF”). The new regulations cover: Arrangement of Venture Capital Company Business (Reg. No. 35/POJK.05/2015) Licensing and Organization of Venture Capital Companies (Reg. No. 34/POJK.05/2015) Good Corporate Read more…

  • NewsflashNovember 9, 2015

    Importer Identification Numbers Reregulated

    As a part of the Economic Policy Packages launched by President Joko Widodo, the Minister of Trade issued the Minister of Trade Regulation No. 70/M-DAG/PER/9/2015 on Importer Identification Numbers (the “New Regulation”) on September 28, 2015. This regulation replaces the previous Minister of Trade Regulation No. 27/M-DAG/PER/5/2012 on Provisions on Importer Identification Numbers as lastly Read more…

  • NewsflashOctober 29, 2015

    Minister of Manpower Regulation No. 16 of 2015 Amended

    On October 23, 2015, the Minister of Manpower issued Regulation No. 35 of 2015 (“Regulation 35”) to amend certain provisions of the Minister of Manpower Regulation No. 16 of 2015 (“Regulation 16”). The amendment is made due to certain concerns raised by stakeholders. The key amendments are as follows. ♦ The 1:10 Ratio The ratio Read more…

  • NewsflashSeptember 25, 2015

    Debt-to-Equity Ratio Determined by Government

    Debt-to-Equity Ratio Determined by Government After more than 30 years, the Minister of Finance finally issued a regulation to determine the debt-to-equity ratio (the “DER”) for certain corporate taxpayers for the purpose of calculating the payable income tax of the corporate taxpayers. Article 18(1) of Law No. 7 of 1983 regarding Income Tax, dated December Read more…

  • NewsflashJuly 14, 2015

    New Procedures on Expatriate Utilization Permits

    Less than 2 years from the previous rules on expatriate utilization (Minister of Manpower and Transmigration Regulation No. 12 of 2013), the Minister of Manpower recently enacted the new procedures of expatriate utilization under Minister of Manpower Regulation No. 16 of 2015 on Expatriate Usage Procedures (the “New Regulation”). We describe certain new requirements in Read more…


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