In 2011, the governments of Indonesia and China signed the Bilateral Economic and Trade Cooperation treaty (the Treaty). As a result, both countries have become major exporters/importers of each other’s…
The Indonesian government recently introduced new regulations to establish a Land Bank (the Regulations). The Regulations also provide the legal framework within which the Land Bank must operate. The Land…
The Omnibus law* changes Indonesia's environmental legal framework with comprehensive provisions on environmental protection and management. To implement those provisions, the Indonesian government has just issued new Regulation 22**. One…
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…