Category: Newsflash

  • NewsflashSeptember 30, 2014

    Entering the New Era of E-Money

    In a globalized era, there is nothing more convenient than electronic payment when it comes to choosing among available payment options. A form of electronic payment currently gaining momentum is electronic money, commonly known as e-money. To facilitate this momentum, Bank Indonesia (“BI”) issued Regulation No. 16/8/PBI/2014 of 2014 (“Amendment”) to amend Regulation No. 11/12/PBI/2009 of Read more…

  • NewsflashSeptember 19, 2014

    MOT and MEMR Regulate Coal Export

    On July 15, 2014, the Minister of Trade (“MOT”) issued Regulation Number 39/M-DAG/PER/7/2014 on Provisions on Export of Coal and Coal Products (“MOT Regulation”), which comes into force on October 1, 2014.1 One of the purposes of this regulation is to prevent overexploitation and ensure the domestic supply of coal and coal products, including anthracite, bituminous, subbituminous, lignite, coking Read more…

  • Newsflash

    New Presidential Regulation on Utilization of Foreign Workers and Training for Indonesian Workers

    For almost 20 years, Presidential Decree No. 75 of 1995 on Foreign Worker Utilization (“PD 75/1995”)  governed the status and procedures for employing foreign workers in Indonesia. In July 2014, Presidential Regulation No. 72 of 2014 on Foreign Worker Utilization and Implementation of Education and Training of  Indonesian Workers as Associates for Foreign Workers (“PR 72/2014”) Read more…

  • NewsflashAugust 15, 2014

    Raw Mineral Export Duty Dramatically Reduced to Incentivize Smelter Construction

    On July 25, 2014, the Minister of Finance (MOF) dramatically reduced export duties on unrefined metal minerals for companies that are taking concrete action toward building smelting facilities. MOF Regulation No. 153/PMK.011/2014 (“MOF 153/2014”) was drafted to address concerns raised by mining companies who are required to build smelting facilities while at the same time paying Read more…

  • NewsflashJuly 25, 2014

    Government Requires Construction Plan and Guarantee Funds in Order to Export Unrefined Metal Minerals

    On April 17, 2014, the Minister of Energy and Mineral Resources (“MEMR”) issued Regulation No. 11 of 2014 on Procedures and Requirements for Granting Recommendations for Overseas Sales of Processed and Refined Mineral Products (“Regulation”) to implement Government Regulation No. 1 of 2014 and MEMR Regulation No. 1/2014 provisions on exporting mineral mining products. The most powerful aspect Read more…

  • NewsflashJune 9, 2014

    New Negative Investment List

    The long-awaited revision of the 2010 Negative Investment List (2010 Daftar Negatif Investasi, or “2010 DNI”) was issued through Presidential Regulation No. 39 of 2014 on List of Business Fields Closed to Investment and Business Fields Open, with Conditions, to Investment, dated April 23, 2014 (“2014 DNI”), effective as of April 24, 2014. According to the Government, the Read more…

  • NewsflashMay 21, 2014

    Additional Sectors Covered under 2014 Sectoral Minimum Wage for DKI Jakarta

    The Governor of DKI Jakarta Province stipulated new sectoral minimum wages (“UMSP”) in Governor Regulation No. 54 of 2014 dated April 17, 2014, and Governor Regulation No. 62 of 2014 dated April 28, 2014, on Provincial Sectoral Minimum Wage (together, the “UMSP Regulation”). The UMSP Regulation stipulates 16 industries and sectors that have to comply with the UMSP: Read more…

  • NewsflashApril 11, 2014

    New MOLHR Procedures for Raticication of Legal Entities, Amendment of AoA and Company Data

    On March 26, 2014, the Minister of Law and Human Rights (“MOLHR”) issued regulation No. 4 of 2014 (“Regulation”) on Procedures for Applications for Ratification of Legal Entities and Approval and Notification of Amendments of Limited Liability Companies’ Articles of Association, which revokes the previous regulation issued in 2011. Company filings must now be submitted electronically to the Read more…

  • NewsflashMarch 10, 2014

    Enactment Of New Trade Law

    The House of Representatives (Dewan Perwakilan Rakyat – “DPR”) passed the long-awaited Bill on Trade on February 11, 2014. For the previous 80 years, Indonesia had relied on the Bedrijfsreglementerings Ordonnantie 1934 from the Dutch colonial period, along with a set of ministerial implementing regulations. Following are highlights of the key provisions. IMPORT AND EXPORT Read more…

  • NewsflashJanuary 24, 2014

    New Provisions on Expatriate Working Permits

    On December 30, 2013, the Minister of Manpower and Transmigration of the Republic of Indonesia (“MOMT”) enacted MOMT Regulation No. 12 of 2013 on Procedure for Employing Expatriate Workers (“Regulation No. 12/2013”), which replaced the previous regulation on the same subject (“Regulation No. 02/2008”). Regulation No. 12/2013 does not make major amendments to the expatriate Read more…


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