News

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

The Indonesian Financial Service Authority (Otoritas Jasa Keuangan – “OJK”) has issued OJK Regulation No. 40 of 2024 on Information Technology-Based Collective Funding Services (commonly known as peer-to-peer lending – “P2P”) (“OJKR 40/2024”), replacing OJK Regulation No. 10/POJK.05/2022 (“OJKR 10/2022”). OJKR 40/2024 introduces significant changes to enhance the security and operational quality of the P2P… Read More

On 14 January 2025, the Ministry of Marine Affairs and Fisheries (“MMAF”) enacted MMAF Regulation No. 1 of 2025 on Procedures for Implementing Carbon Economic Value in the Marine Sector (“MMAF Regulation 1/2025”), marking a significant milestone for carbon pricing within the marine sector. Carbon pricing in the marine sector will be implemented through (i)… Read More

Indonesia’s franchising landscape is undergoing significant changes with the issuance of Government Regulation No. 35 of 2024 on Franchising (“GR 35/2024”), which replaces the long-established Government Regulation No. 42 of 2007 (“GR 42/2007”). GR 35/2024 introduces new provisions to strengthen franchise regulations in Indonesia and to align franchise business practices with current market dynamics. This… Read More

Indonesia’s Constitutional Court (MK) recently rendered MK Decision No. 39/PU-XXI/2023 (MK 39/2023) adjudicating, among others, Article 10 (2) of Law No. 30 of 2009 on Electricity ( “Electricity Law”) and the key takeaways are as follows: Legality of Unbundling Activities Unbundling business activities refers to the separation of integrated business activities by a single private… Read More

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