News andUpdates
News and Updates
March 29, 2017
New Minimum Wage for Certain Sectors for DKI Jakarta Province
The Governor of DKI Jakarta Province stipulates a new provincial sectoral minimum wages (“UMSP”) that apply to certain sectors in DKI Jakarta Province under the Governor Regulation No. 20 of 2017…
March 28, 2017
Tax Amnesty Reporting Provisions Changed
On September 23, 2016, the Ministry of Finance issued Regulation Number 141/PMK.03/2016 (“Amendment”) amending Regulation Number 118/PMK.03/2016 (“MOF Reg. 118/2016”) concerning the Implementation of…
February 17, 2017
Gross Split Production Sharing Contracts
On January 16, 2017, the Minister of Energy and Mineral Resources issued Regulation No. 8 of 2017 dated regarding Gross Split Production Sharing Contracts (“MEMR Reg. 8”). MEMR Reg. 8 partially…
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.…