Bank Indonesia has launched a new system of fast and safe digital payments for retail customers.* Bank Indonesia calls this payment system, Fast Payment, or BI-Fast. Customers will be able…
The Minister for Energy and Mineral Resources has recently overhauled the system of compensation and fines for companies carrying out coal mining. The new system provides compensation for companies who…
Indonesia has a lot of commercial land, the use of which hasn’t been decided. This land is the object of speculation, which drives up the price across the board. To…
Bank Indonesia has enacted new Regulations,* which amend the previous law by introducing significant new reporting requirements for parties undertaking foreign exchange offshore loans and/or risk participation transactions. Bank Indonesia…
Indonesia introduced Branchless Banking Services, Laku Pandai, in 2014 with a view to bringing banking services to people in Indonesia who are unable to access to financial services. Typically, those…
The Supreme Court has issued a circular stating that the authority to adjudicate objections to decisions of the Commission for the Supervision for Business Competition is to be transferred from…
On 29 October 2021, the Commodity Futures Trading Regulatory Agency (in Indonesian, Badan Pengawas Perdagangan Berjangka Komoditi), enacted new Regulations on the trading of crypto assets as a future commodity.*…
In early April, the Capital Investment Coordinating Board issued new regulation that apply to foreign companies (the Regulations).* The Regulations require foreign companies that operate in Indonesia to divest some…
The Government’s state revenue budget has been negatively affected by the Covid19 pandemic. Consequently, on 29 October 2021, the Government enacted Law No. 7 of 2021 to increase the state…
From 19 November 2021, 424 goods will be banned from being imported to, or exported from, Indonesia (the New Regulations).* These New Regulations add two categories of goods to the…