News andUpdates
News and Updates
February 7, 2017
Foreign NGOs Regulated Further
To further regulate the permits and validation of nongovernmental organizations (NGOs) established by foreign parties, as stipulated under of Law No. 17 of 2013 on Social Organizations, the…
November 3, 2016
Electronic Information Law Amended
The House of Representatives has passed a bill amending Law No. 11 of 2008 on Electronic Information and Transactions (“EIT Law”) in order to address issues that have developed in the electronic…
August 1, 2016
Government Proposes Regulation for Internet-Based Applications and Content Services
Rapid growth in the telecoms sector, mainly triggered by the penetration of Internet usage, will continue and certainly accelerate in the future. The emergence of Over-The-Top (“OTT”) services, i.e.,…
February 22, 2016
OJK Regulation on Disclosure of Material Information
The Indonesian Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) issued OJK Regulation No. 31/POJK.04/2015 on December 22, 2015 regarding Disclosure on Material Information or Facts by…
February 19, 2016
New OJK Regulation on Rights Issue
The Indonesian Financial Service Authority (Otoritas Jasa Keuangan –“OJK”) issued OJK Regulation No. 32/POJK.04/2015 regarding Increase of Capital for Public Companies with Rights Issue (“POJK No.…
February 17, 2016
Government Releases Proposed Revisions for New DNI
On February 15, 2016, the Coordinating Ministry for Economic Minister (the “Ministry”) issued an official press release regarding the upcoming presidential regulation that will supersede the…
February 16, 2016
Introduction to Bonded Storage Areas
In today’s era of seemingly borderless trade, it is important for a country to support the infrastructure sector, so that domestically produced goods can compete with products from other countries.…
February 12, 2016
Implementation of Sharia Principles in Capital Markets
In November 2015, the Financial Authority Services (Otoritas Jasa Keuangan – “OJK”) issued Regulation No. 15/POJK.04/2015 on Implementation of Sharia Principles in Capital Markets (“POJK 15”),…
January 29, 2016
New OJK Regulation on Bank Business Plan
On January 26, 2016, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) issued Rule No. 5/POJK.03/2016 concerning Bank Business Plan (Rencana Bisnis Bank – “RBB”) (“POJK 5”), which…
January 28, 2016
New Regulation Allows Port Concessions through Appointment and Regulates Mandatory Transfer of Facilities
On August 19, 2015, the President enacted Government Regulation No. 64 of 2015 amending Government Regulation No. 61 of 2009 on Ports (the “New Port Regulation”) in order to stimulate investment in…