New Indonesian Financial Services Authority ("OJK") regulation on digital financial innovation sandboxing: OJK has issued OJK Regulation No. 13/POJK.02/2018 on Digital Financial Innovation in the Financial Sector, effective on 16 August 2018. ...
The Financial Services Authority (Otoritas Jasa Keuangan/OJK) recently issued OJK Regulation No. 11/POJK.04/2018 on the Public Offering of Debt Securities and/or Sukuk (Islamic Bonds) to Professional Investors (“OJK Regulation No. 11/2018”) on 1 August 2018....
As a furtherance to Government Regulation No. 24 of 2018 on Online Single Submission (“OSS”) Services (“GR 24/2018”), the Head of the Investment Coordinating Board (“BKPM”) has recently issued Head of BKPM Regulation No. 6 of 2018 on Guidelines and Procedures for the Implementation of...
The Minister of Energy and Mineral Resources (“MEMR”) has recently issued MEMR Regulation No. 37 Year 2018 on Offering of Geothermal Working Areas, Issuance of Geothermal License and Geothermal Business Assignment (“MEMR 37/2018”) which provides detailed provisions on, among other things, geothermal working areas tender...
In light of the issuance of Government Regulation No. 24 of 2018 on Online Single Submission Services (“GR 24/2018”), the Indonesia Investment Coordinating Board (Badan Koordinasi Penanaman Modal/BKPM) just recently announced that BKPM suspends temporarily all processing and issuance of permits and licenses due to...
Bank Indonesia (“BI”) issued Bank Indonesia Regulation No. 20/6/PBI/2018 on Electronic Money (“PBI 20/2018”) on 4 May 2018, replacing in its entirety BI Regulation No. 11/12/PBI/2009 on Electronic Money and its amendments (“PBI 11/2009”)....
On 29 March 2018, the President of Indonesia signed Presidential Regulation No. 20 of 2018 on Expatriate Manpower Utilization (“PR 20/2018”). ...
Through Ministry of Energy and Mineral Resources (“MEMR”) Decree No. 1772 K/20/MEM/2018 dated 29 March 2018 (“2017 BPP Decree”), the MEMR has determined the 2017 Electricity Generation Cost (Biaya Pokok Penyediaan Pembangkitan (“BPP”)) of PT PLN (Persero) (“PLN”) which will be used as the reference...
The MEMR has approved the 2018-2027 PLN RUPTL based on Decision of the Ministry of Energy and Mineral Resources No. 1567K/21/MEM/2018 dated 13 March 2018 (“2018 RUPTL”) and has published copy of the 2018-2027 RUPTL in the official website of the Directorate General of Electricity....
Just 3 days after the issuance of MEMR's Decree 1395/2018 on Coal Sale Price for Power Industry, MEMR issued Decree 1410 which was announced today during MEMR’s coffee morning session, addressing one of the most crucial issues in MEMR Decree 1395, the retroactive application of...