News

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

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