Indonesia’s Minister of Trade has enacted new regulations* that significantly impact both local and offshore businesses operating through Indonesia’s e-commerce systems. The regulations took effect on 26 September 2023, replacing…
The Indonesian Financial Services Authority issued new regulations to consolidate and streamline Sharia business units within conventional commercial banks.* The new regulations came into force on 12 July 2023. The…
Bank Indonesia has recently issued new regulations to assist conventional commercial banks in obtaining a short-term liquidity loans from Bank Indonesia.* The regulations set out eligibility criteria, which relate to…
The Minister for Energy and Mineral Resources has issued new regulations providing new opportunities for certain participants involved in the construction of metallic mineral refineries.* The new regulations provide for…
In July this year, President Joko Widodo introduced new regulations enacting Indonesia’s cyber security strategy.* The new Regulations set out Indonesia’s strategic roadmap to strengthen the country's cyber resilience. The…
Bank Indonesia has issued new consumer protection regulations for the financial services sector.* The new regulations protect consumers of institutions regulated and supervised by Bank Indonesia.** The consumer protection obligations…
To strengthen Indonesia’s financial sector, the Indonesian Government established the Bank Restructuring Programme (the Programme). The Programme aims to enhance the stability and efficiency of Indonesia’s banking sector through strategic…
The government has recently issued new Regulations regulating mining areas (the Regulations).* The Regulations set out a regulatory framework as well as clear obligations for those wishing to apply for…
The Minister for Energy and Mineral Resources has introduced new regulations to facilitate industries' efficient use of natural gas. The Regulations* remove the maximum gas price cap, specify the price…
The Indonesian Financial Services Authority (the "OJK") has recently introduced Regulation 3/2023* (the "Regulation"), which came into force on 28 February 2023. The Regulation seeks to address the growing need…