The Financial Services Authority (OJK), under the mandate of Law No. 7 of 1992*, has issued a new regulation** requiring conventional general banks, including foreign bank branches in Indonesia (Banks),…
In August 2024, the Indonesian Government issued New Regulations*, updating regulations on business licensing, ease of doing business, and investment incentives for businesses in the Capital City of Nusantara (IKN).…
On 9 October 2024, the Financial Services Authority issued New Regulation* on financial reporting procedures for banks. The New Regulations aim to strengthen governance and internal controls in banks' financial…
The Indonesia Deposit Insurance Corporation (Lembaga Penjamin Simpanan or LPS) has issued New Regulations on reporting requirements for banks’ deposit insurance.* These aim to improve bank reporting, efficiency and compliance,…
Bank Indonesia has issued New Regulations* on foreign exchange transactions, introducing key updates, including the use of smart contracts for derivative transactions. Operating on a digital platform, these smart contacts…
The Minister of Finance issued New Regulations on excise exemptions.* Effective 18 October 2024, the New Regulations simplify processes, enhance services, and offer greater legal certainty for businesses dealing with…
On 5 August 2024, the President of the Republic of Indonesia issued New Regulations* emphasising the government’s commitment to accelerating the reclamation of land degraded by mining activities, with a…