In early March, the financial service authority (FSA) issued new regulations* (the Regulations) that apply to non-bank financial institutions (the Institutions) in specific sectors including insurance and pension funds. The…
In accordance with the introduction of the Job Creation Law1, the Government has enacted new regulations on the termination of employment, by either the employee or the employer, in relation…
Indonesia is at the start of a commodity supercycle; so says Indonesia’s Minister for Trade in a press release on 6 April 2021. Over the past year, commodity prices have…
The Government has initiated further relief for companies from the impact of COVID-19 by guaranteeing working capital loans of up to RP 1 trillion (approx. USD 68 million) with the…
The Indonesian government has introduced new legislation to support the housing industry, which has been damaged due to the COVID-19 pandemic (the Regulations).* The Regulations provide VAT discounts on housing…
On 2 February 2021, the government issued new Regulations to streamline business licencing in 16 sectors including trade, industry and tourism based on the risk those businesses represent (the Regulations).*…
In 2016, the Bank of Indonesia established a new bank interest rate guidelines that required all state-owned banks to apply the defined interest rate within 7 days from date of…
On 2 February 2021, the Government issued new regulations relating to the Administration of Special Economic Zones (the Regulations)* In Indonesia, special economic zones (SEZ) are areas in Indonesia designated…
In January 2021, Indonesia ratified the Apostille Convention. The Apostille Convention specifies simple ways in which certain specified documents issued in a signatory country may be certified for legal purposes…
In January 2021, the Minister for Agrarian Affairs* announced new Regulations** introducing online document submission processes and administration procedures for the land registry. The new Regulations revoke previous rules relating…