News

When enacting Law No. 11 of 2020 on Job Creation (“Law 11/2020”), also known as the Omnibus Law, the Government made some major amendments to Law No. 13 of 2003 on Manpower (the “Manpower Law”), aiming to provide greater flexibility for businesses. However, Law 11/2020 faced significant opposition, leading to a judicial review by the… Read More

The Government of Indonesia is in the process of enacting a new regulation aimed at enhancing legal awareness and improving compliance among businesses (Draft Bill). Key highlights from the Draft Bill include provisions to increase transparency in corporate governance, stricter penalties for non-compliance, and mandatory legal audit. Businesses operating in Indonesia should closely monitor the… Read More

A year after the enactment of Law No. 17 of 2023 on Health (“Indonesian Health Act”), the government has issued  implementing Government Regulation No. 28 of 2024 (“GR 28/2024”). The notable points of GR 28/2024 are as follows: Vast Recognition of Telemedicine GR 28/2024 elaborates details of telemedicine services which were previously only briefly addressed… Read More

As the compliance deadline for the PDP Law is just weeks away, it is crucial for companies to ensure their business operations fully comply with and align to the PDP Law, particularly considering the harsh administrative sanctions under the PDP Law, ranging from written warnings, suspension of personal data processing activities, deletion or destruction of… Read More

The Minister of Law and Human Rights (“MOLHR”) has just launched a breakthrough visa category: the so-called Golden Visa through MOLHR Decree No. M.HH-02.GR.01.04 Tahun 2023 on Visa Classifications and MOLHR Regulation No. 22 of 2023 on Visa and Stay Permit, as amended by MOLHR Regulation No. 11 of 2024. The Golden Visa offers significant… Read More

The Indonesia Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) recently issued Circular Letters No. 5/SEOJK.07/2024 (“OJK CL 5”) and No. 6/SEOJK.07/2024 (“OJK CL 6”), of which detail the new sandbox and registration procedures applicable for Financial Technology Innovation (“ITSK”) operators. Following the rapid growth of ITSK’s business models, the circular letters have primarily implemented… Read More

The recent implementation of the Public Housing Savings program (locally known as Tabungan Perumahan Rakyat – “Tapera”) aims to provide Indonesian employees with a comprehensive housing financing system. Tapera, implemented via Government Regulation No. 25 of 2020 (“GR 25/2020”) and Government Regulation No. 21 of 2024 (collectively referred to as the “Tapera Regulations”), is propagated… Read More

In a continuous effort to encourage and promote the use of rooftop solar power generation by businesses, the Government of Indonesia (“GOI“) through the Minister of Energy and Mineral Resources (MEMR) recently issued Regulation No. 2 of 2024 on Rooftop Solar Power Plants Connected to the Electricity Grid of Holders of Electricity Supply Business License… Read More

Indonesia’s peer-to-peer (“P2P”) lending industry has been subject to increasing regulation as it continues to mature. This newsletter discusses some key aspects of OJK Regulation No. 10/POJK.05/2022 on Information Technology-Based Collective Financing Services and OJK Circular No. 1/SEOJK.06/2024 on Procedures and Mechanisms for Data Submission on Lending Transactions and Reporting for Information Technology-Based Collective Financing… Read More

On 14 February 2024, Indonesia held the world’s largest single-day election with over 200 million voters, predominantly younger Indonesians, casting their ballots to elect a new president, vice president, members of the House of Representatives (DPR), members of the Regional Representative Council (DPD), and members of the Regional House of Representatives (DPRD). Quick counts conducted… Read More