News

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

The Government of Indonesia (“GOI”) continues its efforts to stimulate increased use of renewable energy, and from the regulatory perspective, the most recent attempt is the issuance of Minister of Energy and Mineral Resources (“MEMR”) Regulation No. 26 of 2021 on Rooftop Solar Power Plants Connected to the Electricity Grid of Holders of Electricity Supply… Read More

In August 2021, the Intergovernmental Panel on Climate Change (IPCC) released a report indicating the likelihood of crossing the global warming level of 1.5 degrees Celsius in the next decades.[1] This study urges the state parties to the Paris Agreement, including Indonesia, to put in place policies aimed at immediate, rapid, and large-scale reduction of… Read More

The Minister of Transportation (“MoT”) just issued MoT Circular Letter No. 74 of 2021 on Guidelines for the Implementation of International Travel by Air Transportation amid COVID-19 Outbreak (“Guidelines”) as a continuous effort to mitigate the spread of imported cases of COVID-19 and its new variants in Indonesia. The Guidelines apply to both Indonesian citizens… Read More

In its latest effort to cut the red tape in licensing procedures, the Indonesian Investment Coordinating Board (Badan Koordinasi Penanaman Modal – BKPM), after several delays since June 2021, finally puts the risk-based assessment licensing into practical effect through the ‘new’ online single submission (OSS) system (“OSS RBA”). Please click here to see our analysis… Read More