Category: Newsflash

  • NewsflashOctober 25, 2018

    New Minister Of Trade Regulation On Company Registration

    With the launch of the new electronic licensing system, namely the Online Single Submission (“OSS”) system, the government is seeking to revolutionize ease of doing business in Indonesia. As part of this initiative, the Minister of Trade (“MOT”) issued MOT Regulation No. 76 of 2018 dated July 20, 2018 on the Organization of Company Registrations Read more…

  • NewsflashAugust 21, 2018

    New Regulation on Acquisition of Publicly Listed Company

    On July 27, 2018, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) of the Republic of Indonesia issued a new OJK Regulation No. 9/POJK.04/2018 on Acquisition of Publicly Listed Companies (“POJK 9/2018”). POJK 9/2018 replaces BAPEPAM-LK Reg. No. IX.H.1 on Acquisition of Publicly Listed Companies (“Reg. IX.H.1”). Acquisition, as defined by both Reg. IX.H.1 Read more…

  • NewsflashMay 15, 2018

    New Government Regulation Clarifies Foreign Ownership in Insurance Business Companies

    The Indonesian Government has just issued Government Regulation No. 14 of 2018 on Foreign Ownership in Insurance Business Companies (“GR 14/2018”), which entered into force on April 18, 2018. The regulation is a mandate under Article 7 (3) of Law No. 40 of 2014, dated October 14, 2014, on Insurance (the “Insurance Law”). GR 14/2018 Read more…

  • NewsflashMay 8, 2018

    Newsflash on BI Sets Out New E-Money Regulation

    On May 4, 2018, the Central Bank of Indonesia (Bank Indonesia – “BI”) finally issued a long-expected regulation regarding electronic money, namely BI Regulation No. 20/6/PBI/2018 on Electronic Money (“BI Reg. 20/2018”). BI Reg. 20/2018 repeals the following BI Regulations: BI Regulation No. 11/12/PBI/2009 dated April 13, 2009 on Electronic Money; BI Regulation No. 16/8/PBI/2014 Read more…

  • NewsflashApril 9, 2018

    Rules on Tax Holiday Updated

    As boosting investment is a priority for the Government of Indonesia, the Minister of Finance (“MOF”) recently issued MOF Regulation No. 35/PMK.010/2018 dated April 4, 2018 on Granting of Corporate Income Tax Reduction Allowance (the “New Regulation”). The New Regulation revokes MOF Regulation No. 159/PMK/10/2015 dated August 18, 2015 on Granting of Corporate Income Tax Read more…

  • NewsflashApril 6, 2018

    New Regulation on Employment of Foreign Workers in Indonesia

    On March 29, 2018, Presidential Regulation No. 20 of 2018 dated March 29, 2018 on Utilization of Foreign Expatriates (“PR 20/2018”) was issued as an effort to support the national economy, to expand work opportunities through the increase of investment in Indonesia.  PR 20/2018 revokes Presidential Regulation No. 72 of 2014 dated July 11, 2014 Read more…

  • NewsflashMarch 13, 2018

    Ultimate Beneficial Owners

    On March 1, 2018 the President signed Presidential Regulation No. 13 of 2018 on the Implementation of Know-Your-Beneficial-Owner Principle by Corporations for the Prevention and Eradication of the Criminal Acts of Money Laundering and Terrorism Funding (the “Presidential Regulation”). The Presidential Regulation became effective as of March 5, 2018. ♦  Definitions The Presidential Regulation defines Read more…

  • NewsflashDecember 26, 2017

    New Capital Investment Regulation on Licensing and Facilities

    The Capital Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM”) recently issued Chairman of BKPM Regulation No. 13 dated December 11, 2017, on Guidelines and Procedures for Capital Investment Licensing and Facilities (“BKPM Reg. 13/2017”). BKPM Reg. 13/2017 will be effective at the central Integrated One Stop Service Office (Pelayanan Terpadu Satu Pintu or Read more…

  • NewsflashDecember 15, 2017

    BANK INDONESIA ISSUES REGULATIONS ON THE IMPLEMENTATION OF FINANCIAL TECHNOLOGY

    On November 30, 2017, the Central Bank of Indonesia (Bank Indonesia – “BI”) issued BI Regulation No. 19/12/PBI/2017 on the Implementation of Financial Technology (the “BI Regulation”) in order to promote innovation in the financial sector; implement consumer protection, risk management and prudential principles; and maintain monetary and financial system stability and an efficient and Read more…

  • NewsflashDecember 1, 2017

    BI SETS OUT ARRANGEMENT FOR COMMERCIAL PAPER ISSUANCE AND TRANSACTIONS

    In order to deepen the financial market and support the issuance of short-term debt securities by Indonesian companies, on July 20, 2017 the central bank of Indonesia (Bank Indonesia – ”BI”) issued BI Regulation No. 19/9/PBI/2017 regarding Commercial Paper Issuance and Transactions in the Financial Market (the “BI Regulation“), replacing Decree Letter of the Board Read more…


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