News andUpdates
News and Updates
April 23, 2020
Handling COVID-19 Outbreak in Construction Services Sector
On March 27, 2020, the Minister of Public Works and Housing (“MOPWH”) issued the MOPWH Instruction No. 02/IN/M/2020 on Protocol of Prevention of the Corona Virus Disease 2019 (COVID-19) Outbreak in…
April 15, 2020
KPPU: Law Enforcement Through Electronic Means
On April 6, 2020, the Indonesia Business Competition Supervisory Commission (Komisi Pengawasan Persaingan Usaha or “KPPU”) issued the (i) KPPU Regulation No. 1 of 2020 dated April 6, 2020 on Case…
April 14, 2020
Bank Indonesia Provides an Incentive for Banks During COVID-19 Outbreak
In order to mitigate the uncertain economic situation due to the COVID-19 outbreak in Indonesia, Bank Indonesia (“BI”) issued a new Regulation No. 22/4/PBI/2020 dated March 26, 2020 on the Incentives…
April 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…
April 13, 2020
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…
April 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…
April 8, 2020
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…
April 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…
April 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…
April 2, 2020
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…