Category: COVID-19 INSIGHTS CENTER

  • COVID-19 INSIGHTS CENTER/ NewsflashApril 13, 2020

    DKI Jakarta Implements PSBB Measures to Minimize Further Spread of COVID-19 Outbreak

    On April 9, 2020, the Governor of DKI Jakarta issued Regulation No. 33 of 2020 (the “Regulation”) and Decree No. 380 of 2020 (the “Decree”), both regarding the Implementation of Large-Scale Social Restrictions in Handling Coronavirus Disease (Covid-19) in DKI Jakarta. The Regulation and the Decree are the follow-up to the approval issued by the Read more…

  • COVID-19 INSIGHTS CENTER/ Newsflash

    KSEI Introduces the Requirements and Mechanism of E-Proxy for E-GMS

    On March 26, 2020, the Indonesian Financial Service Authority (“OJK”) has issued Circular Letter No. S-92/D.04/2020 dated March 18, 2020 on the Relaxation on the Report Obligation and the Implementation of General Meeting of Shareholders (“GMS”) (such letter, “OJK Letter 92/2020”) which governs, among others, the implementation of the electronic GMS (“e-GMS”). We have previously Read more…

  • COVID-19 INSIGHTS CENTER/ NewsflashApril 8, 2020

    Tax Policies to Brace the Impact of COVID-19

    Due to the COVID-19 pandemic, the Government of Indonesia predicts the Indonesian economic growth to only reach 4% or lower, subject to the period and severity of the pandemic in affecting or even paralyzing the economy. To anticipate the economic impact of the COVID-19 pandemic, the Government issued the Government Regulation in lieu of Law Read more…

  • COVID-19 INSIGHTS CENTER/ Newsflash

    Temporary Tax Incentives for Businesses Affected by COVID-19

    In anticipation of the impact of the COVID-19 outbreak on the economic stability, productivity, and purchasing power, the Minister of Finance (the “MOF”) issued the MOF Regulation No. 23/PMK.03/2020 dated March 23, 2020 on Tax Incentives for Taxpayers Affected by the Coronavirus Outbreak (the “MOF Regulation”). The MOF Regulation sets out four types of tax Read more…

  • COVID-19 INSIGHTS CENTER/ NewsflashApril 6, 2020

    Data Protection and Privacy: How a Company Should Handle its Employees’ Personal Data during COVID-19 Outbreak

    Many organizations in Indonesia are quickly initiating a number of initiatives  to anticipate and minimize the growth of COVID-19 outbreak as well as to ensure the health and safety of their employees. The most obvious one is work-from-home policy. The COVID-19 outbreak is putting remote work at a totally unprecedented scale. However, remote work may Read more…

  • COVID-19 INSIGHTS CENTER/ NewsflashApril 2, 2020

    COVID-19: OJK Relaxes Requirements for Bank’s Asset Quality Assessment

    Amid the Coronavirus Disease 2019 (“COVID-19”) outbreak in Indonesia, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) issued The OJK Regulation No. 11/POJK.03/2020 of 2020 effective on March 16, 2020, on National Economic Stimulus as A Countercyclical Impact Policy Spread Of Coronavirus Disease 2019 (“OJK Reg. 11/2020”). This OJK Reg. 11/2020 is enacted to Read more…

  • COVID-19 INSIGHTS CENTER/ Newsflash

    Temporary Entry Restriction to Foreigners Due to Covid-19 Outbreak

    On March 2, 2020, the Indonesian Government announced the first confirmed cases of coronavirus disease (officially named Covid-19) in Indonesia. Since then, hundreds of patients have been observed and the total number of confirmed positive cases has continued to rise. Due to the continued Covid-19 outbreak, the Government has decided to instill new immigration policies Read more…

  • COVID-19 INSIGHTS CENTER/ NewsflashApril 1, 2020

    Employee Protection and Business Sustainability on the Prevention of Covid-19

    On March 17, 2020, the Minister of Manpower (the “MOM”) issued her Circular Letter No. M/3/HK.04/III/2020 on the Employee Protection and Business Sustainability on the Prevention of COVID-19 (the “Circular Letter”). Through this Circular Letter, the MOM requests all the Governors in Indonesia to apply the following measures to protect employees and to sustain businesses. Read more…

  • COVID-19 INSIGHTS CENTER/ NewsflashMarch 26, 2020

    OJK Eases Up on Annual Report Obligation and General Meeting of Shareholders

    As the Coronavirus Disease (“COVID-19”) represents an unprecedented challenge to business operations and compliance requirements,  and to minimize the spread requires limitation to public meetings and gatherings, the Indonesian Financial Services Authority (“OJK”) responsively issued 2 (two) letters, namely: OJK Circular Letter No. S-88/D.04/2020 dated March 16, 2020 on the Handling and Controlling of the Read more…

  • COVID-19 INSIGHTS CENTER/ NewsflashMarch 24, 2020

    Does Covid-19 Outbreak Excuse Performance of Obligations?

    General With the outbreak of the novel corona virus disease (now known as the “Covid-19”) and the restrictions or limitations imposed by Governments in various countries, it is imperative for Indonesian companies to revisit all of their agreements to ensure if the companies have any valid excuse for non-performance of  their obligations under the relevant Read more…


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