News

On 5 June 2025, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) issued OJK Circular Letter No. 10/SEOJK.04/2025 (“SEOJK 10/2025”), establishing new electronic platforms for Tbk Companies’ shareholders to report his/her/its shareholding and any creation of pledge over the voting shares. The key takeaways are as follows: SEOJK 10/2025 will take effect on… Read More

The Constitutional Court just clarified the meaning of Article 53(1) of the Indonesia’s personal data protection law (“PDP Law”) that the conditions triggering the requirement for data controllers or data processors to appoint a data protection officer (“DPO”) listed therein are alternative and not cumulative. This Constitutional Court ruling confirms W&P previous interpretation of Article… Read More

The Minister of Manpower issued Circular Letter No. M/5/HK.04.00/V/2025 on the Prohibition to Withhold Employees’ Diploma and/or Personal Documents (“Circular Letter 5/2025”) dated 20 May 2025, and Circular Letter No. M/6/HK.04/V/2025 on the Prohibition on Discrimination During Recruitment Process dated 28 May 2025 (“Circular Letter 6/2025”). While these Circular Letters are not legally binding under… Read More

In its latest effort to improve its investment climate, Indonesian government has recently issued Government Regulation No. 28 of 2025 on Implementation of Risk-Based Licensing (“GR 28/2025”), replacing Government Regulation No. 5 of 2021 regarding the same GR 28/2025 appears to offer greater ease for investors in navigating their licensing process, as outlined below. The… Read More

A. General Overview 2025-2034 RUPTL is a 10-year business plan of PLN, as approved by the Minister of Energy and Mineral Resources (MEMR), to cater Indonesia’s projected electricity demand. It includes power plants procurement plan, Commercial Operation Dates of each power plant, and PLN’s strategies to maintain a balanced and reliable national power supply. B.… Read More

The Indonesian government just issued new guidelines for Power Purchase Agreements (PPAs) in the renewable energy sector under the Ministry of Energy and Mineral Resources Regulation No. 5 of 2025 on Guidelines for Power Purchase Agreements for Renewable Energy Power Plants (“MEMR Reg. 5/2025”). This new regulation replaces MEMR Regulation No. 10 of 2017 (as… Read More

On 2 April 2025, the United States (“US”) government announced the imposition of a 32% tariff for all Indonesian goods exported into the US – this tariff is among the highest rates imposed on ASEAN nations (“Reciprocal Tariff”), which implementation has been postponed to 8 July 2025. Once effectively enforced, the 32% Reciprocal Tariff is… Read More

The Indonesian Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) just enacted OJK Regulation No. 30/2024 on Financial Conglomeration and Financial Conglomerations Holding Companies (Perusahaan Induk Konglomerasi Keuangan – “PIKK”) (“OJKR 30/2024”), replacing OJK Regulation No. 45/POJK.03/2020 (“OJKR 45/2020”) on the same matter. As elaborated below, OJKR 30/2024 introduces stricter compliance requirements for financial conglomerates… Read More

The Indonesian government recently formed a new super-holding legal entity designed to manage SOEs’ operation, State-owned assets and dividend (deriving from SOEs) called Daya Anagata Nusantara or more commonly known as “Danantara”. Danantara’s capital derives from, among others, state-owned assets and shares owned by State in SOEs and its formation is based on Law No.… Read More

To enhance Indonesia’s foreign exchange reserves, effective as of 1 March 2025, the Government of Indonesia enacted Government Regulation No. 8 of 2025 (“GR 8/2025”), amending the existing Government Regulation No. 36 of 2023 on the Foreign Exchange Export Proceeds from the Business, Management and/or Processing of Natural Resources (“GR 36/2023”). Under GR 36/2023 and… Read More