News andUpdates
News and Updates
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…
January 21, 2016
Indonesia Boosts Investment Activities Through Special Economic Zones (SEZs)
To accelerate economic development and job growth, the government enacted Law No. 39 of 2009 on Special Economic Zones (“SEZs”). ♦ INCENTIVES AND FACILITIES SEZs attract investors by offering a…
January 20, 2016
OJK Re-regulates Venture Capital Business
On December 28, 2015, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) issued new regulations governing venture capital business, which was previously regulated by the Ministry of…
November 9, 2015
Importer Identification Numbers Reregulated
As a part of the Economic Policy Packages launched by President Joko Widodo, the Minister of Trade issued the Minister of Trade Regulation No. 70/M-DAG/PER/9/2015 on Importer Identification Numbers…
October 29, 2015
Minister of Manpower Regulation No. 16 of 2015 Amended
On October 23, 2015, the Minister of Manpower issued Regulation No. 35 of 2015 (“Regulation 35”) to amend certain provisions of the Minister of Manpower Regulation No. 16 of 2015 (“Regulation 16”).…
September 25, 2015
Debt-to-Equity Ratio Determined by Government
Debt-to-Equity Ratio Determined by Government After more than 30 years, the Minister of Finance finally issued a regulation to determine the debt-to-equity ratio (the “DER”) for certain corporate…
July 14, 2015
New Procedures on Expatriate Utilization Permits
Less than 2 years from the previous rules on expatriate utilization (Minister of Manpower and Transmigration Regulation No. 12 of 2013), the Minister of Manpower recently enacted the new procedures…
July 1, 2015
Press Release MEMR on Obligation to Use Rupiah
As mentioned in our recent Newsflash, July 1, 2015, marked the effective date of Bank Indonesia Regulation No. 17/3/PBI/2015 on Mandatory Use of Rupiah within the Territory of the Republic of…