News andUpdates
News and Updates
March 15, 2021
Omnibus Law’s Implementing Regulation on Unemployment Benefits
On February 2, 2021, the Indonesian Government issued Government Regulation No. 37 of 2021 on the Implementation of the Unemployment Benefits Program (in Indonesian, Jaminan Kehilangan Pekerjaan or…
March 10, 2021
Micro PPKM is Extended for Two Weeks
Following the issuance of the Governor of DKI Jakarta Decree No. 107 of 2021 dated February 8, 2021 (“Decree 107/2021”) on the Entry into Force of Micro-Scale Public Activities (Pemberlakuan…
March 5, 2021
Definite Term Employment Agreements, Outsourcing, Work Hours and Rest Time, and Termination of Employment Regulated Further
As a follow up to Law No. 11 of 2020 dated November 2, 2020 on Job Creation (the “Job Creation Law” or commonly known as the Omnibus Law) which amends, among others, Law No. 13 of 2003 dated March…
March 5, 2021
Individuals Can Now Establish Companies on Their Own
To facilitate the ease of doing business and bolster micro and small businesses’ competitiveness, the amendment of Law No. 40 of 2007, dated August 16, 2007 on Limited Liability Companies (“the 2007…
March 5, 2021
Norms, Standards, Procedures, and Criteria for Risk-Based Business Licensing Clarified
In addition to stipulating the types of license applicable for each risk level of business activities that we discussed in our previous newsflash, Government Regulation No. 5 of 2021 dated February…
March 5, 2021
Government Clarifies Risk-Based Business Licensing
Following the issuance of Law No. 11 of 2020 dated November 2, 2020 on Job Creation (the “Job Creation Law”) that introduces risk-based business licensing (the “Risk-Based Business Licensing”), on…
March 1, 2021
Presidential Regulation 10/2021 Revamps Investment Landscape in Indonesia
Law No. 11 of 2020 dated November 2, 2020 on Job Creation (the “Job Creation Law”) was enacted with the aim of attracting both foreign and domestic investors to ultimately create more jobs. Recently,…
February 19, 2021
Wage Adjustments Allowed in Certain Labor-Intensive Industries
As a response to the COVID-19 pandemic, the Minister of Manpower issued Minister of Manpower Regulation No. 2 of 2021 dated February 15, 2021 on the Implementation of Remuneration in Certain…
February 10, 2021
DKI Jakarta Implements Micro PPKM
On February 8, 2021, the Governor of DKI Jakarta issued Decree No. 107 of 2021 (the “Decree”) on the Entry into Force of Micro-Scale Public Activity Restrictions (Pemberlakuan Pembatasan Kegiatan…
February 10, 2021
Draft on New IDX Listing Rules
Following the issuance of the Financial Services Authority (Otoritas Jasa Keuangan or “OJK”). Regulation No.41/POJK.04/2020 dated July 2, 2020 on Implementation of Public Offering Activities of…