News

The Minister of Environment and Forestry Affairs (“MOEFA”) has just issued Regulation No. 21 of 2022 on the Guidelines for the Implementation of Carbon Pricing (“MOEFA Regulation 21/2022”) to implement Presidential Regulation No. 98 of 2021 on Carbon Pricing (“PR 98/2021”) and set out the technical aspects of carbon pricing implementation in Indonesia. To see… Read More

The Government of Indonesia (“GoI”) has just issued the much-anticipated Presidential Regulation No. 112 of 2022 on the Acceleration of Renewable Energy Development for Electricity Supply (“PR 112/2022”). Although it has not completely met the expectations of businesses, certain provisions of PR 112/2022 clearly show the constant and serious efforts made by the GoI to… Read More

The enactment of Indonesia’s Personal Data Protection Law (PDP Law) marks the introduction of the country’s first comprehensive personal data protection law. As it uses EU GDPR as the basis, one may find similarities between the two. The PDP Law applies to legal acts performed both in and outside the Indonesian territory, but for the… Read More

The Indonesian Government and the Business Competition Supervisory Commission (“KPPU”) issued Government Regulation No. 44 of 2021 (“GR 44/2021”) and KPPU Regulation No. 2 of 2021 (“KPPUR 2/2021”), both setting out detailed implementing provisions of the Indonesian Antitrust Law (“IAL”). GR 44/2021 and KPPUR 2/2021 are effective as of 2 February 2021 and 31 May… Read More

To accommodate the rapid and continuing development of start-up companies as well as stimulate their mass funding through listing on the Indonesia Stock Exchange (“IDX”), the Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) has issued the long-awaited OJK Regulation No. 22/POJK.04/2021 (“OJKR 22/2021”), which allows eligible companies that contemplate an IPO to issue shares… Read More

Two years after the Commission for the Supervision of Business Competition (Komisi Pengawas Persaingan Usaha – “KPPU”) issued KPPU Regulation No. 3 of 2020 on the Relaxation of Law Enforcement of Monopolistic Practices and Unfair Business Competition as well as Supervision of the Implementation of Partnerships in the Context of Supporting the National Economic Recovery Program… Read More

Following the first-time implementation of the mandatory halal certification of foods and beverages, the Government of Indonesia continued with the second phase implementation of the mandatory halal certification under Government Regulation No. 39 of 2021 on the Implementation of Halal Product Assurance, targeting products that are imported into, distributed, and traded in Indonesia, such as… Read More

On 29 October 2021, the President of the Republic of Indonesia finally issued the much-anticipated carbon pricing regulation through the issuance of Presidential Regulation No. 98 of 2021 on the Implementation of Carbon Pricing for Achieving the Nationally Determined Contribution (“NDC”) Target and Controlling Greenhouse Gas (“GHG”) Emissions in National Development (“PR 98/2021”). To regulate… Read More

When the House of Representatives passed the so-called ‘Omnibus Law on Job Creation’ (Undang-Undang Cipta Kerja) (“Omnibus Law”) back in October 2020, the public responses were divided. Most businesses showed a positive response to the Omnibus Law, believing the single, all-embracing law could cut the bureaucratic red tape and improve transparency in Indonesia. However, the Omnibus… Read More

The COVID-19 pandemic has drastically changed the public’s needs in various sectors, one of which is the need to rely on more technology in their daily activities and lives, including the use of technology-based services in the financial sector to limit mobility. In response to the fast-growing trend and need for cutting-edge technologies in the… Read More