Our partners Luky Walalangi and Miriam Andreta, together with Senior Associates Siti Kemala Nuraida and Sinta Cestakarani contributed in “Investing in Indonesia 2024 – Trends and Development ” by Chambers & Partners where they discussed and analysed various Updates and Expected Developments in 2023 -2024, including:
- the Omnibus Finance Law as well as development of Indonesia’s Carbon Exchange;
- the new method for the calculation of assets value in Merger Report Filing;
- the new Omnibus Healthcare Law, which introduces tele-medicine services direct to patients;
- the recent recognition of social commerce businesses (eg, TikTokShop) as E-Commerce Electronic System Providers (PPMSE);
- the highlights of the draft implementing regulations of the Personal Data Protection Law or PDP Law, expected to be issued within this year;
- the Central Bank of Indonesia’s plan to issue rupiah in a digital format; and last but not least;
- the development of the ambitious plan to relocate Indonesia’s capital city from Jakarta to so-called “Nusantara” in East Kalimantan.
We attach the article to this email, which we trust useful for your present purposes. You can also access it at: Here