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…
The Government has recently implemented new legislation that impacts on those carrying out mining services businesses (New Regulations).* The New Regulations specify that those with both a normal mining business…
The development of information and communication technology has resulted in an increase in electronic transactions in Indonesia. In response to this trend, the Indonesian government has broadened the scope of…
In late April, the Ministry for Law and Human Rights issued new regulations relating to limited liability companies (the Regulations).* The Regulations revoke the previous regulations on the topic.** The…