NEW MINISTER OF MANPOWER REGULATION ON PROCEDURE FOR THE UTILIZATION OF FOREIGN MANPOWER (25/11/2015)
The Minister of Manpower (“MOM”) has amended MOM Regulation No. 16 of 2015 regarding Procedure for the Utilization of Foreign Manpower (“Reg. 16”), by issuing  MOM Regulation No. 35 of 2015 (“Reg. 35”). MOM Regulation 35 regarding Amendment to MOM Regulation ...


NEW REGULATION ON IMPORTER'S IDENTIFICATION NUMBER (25/11/2015)
The Indonesian Minister of Trade just renewed the regulation on Importer’s Identification Number (Angka Pengenal Importir or “API”), by issuing Regulation No. 70/M-DAG/PER/9/2015 (“New Regulation”). This New Regulation was enacted on 28 September 2015, but will only ...


NEW BKPM REGULATION ON INVESTMENT PRINCIPLE LICENSE (25/11/2015)
  The Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM”) has revoked Head of BKPM Regulation Number 5 of 2013 concerning Guidelines and Procedures for Investment Licenses and Non-Licenses as amended by Head of BKPM Regulation Number 12 of 2013. In its ...


NEW RULES FOR COMPANIES ACTIVE IN FREIGHT FORWARDING (28/08/2015)
On 9 April 2015, the Indonesian Minister of Transportation issued a new regulation on freight forwarding: Regulation No. 74 of 2015. The new regulation, which was amended by Regulation No. 78 of 2015, replaces the old Decree No. 10 of 1988 on Freight Forwarding as amended by Decree No. 10 of 1989. ...


PROCEDURES FOR COMPENSATION FROM THE STATE FOLLOWING JUDICIAL DECISIONS NOW REGULATED (28/08/2015)
On 15 April 2015, the Indonesian Minister of Finance enacted Regulation No. 80/PMK.01/2015 on the Execution of Judicial Decisions. The regulation became effective a day later, on 16 April 2015. The regulation is relevant to parties involved in court or arbitration proceedings involving the ...


NEW HALAL LAW MAKES HALAL CERTIFICATION MANDATORY (28/08/2015)
Until recently, halal certification was outside the ambit of state law in Indonesia. Certification processes were conducted on a voluntary basis by the Islamic Clergy Council (Majelis Ulama Indonesia or MUI), a non-governmental institution. This changed with the enactment of Law No. 33 of 2014 ...


REGULATION ON MANDATORY USE OF RUPIAH AND PROHIBITION OF DUAL PRICE DENOMINATION (27/08/2015)
  On 31 March, the Indonesian Central Bank (Bank Indonesia) issued Regulation No. 17/3/PBI/2015 on Mandatory Use of Rupiah Within the Republic of Indonesia (“PBI 17/2015”), followed on 1 June by Circular Letter No. 17/11/DKSP on Mandatory Use of Rupiah Within the Republic of ...


CHANGES TO BANKRUPTCY LAW IN RESPECT TO INSURANCE COMPANIES (25/03/2015)
The Government has revoked the applicability of the bankruptcy provisions of Law No. 37 of 2004 concerning Bankruptcy and Suspension of Payment to insurance companies and re-insurance companies. The revocation is done through Law No. 40 of 2014 concerning Insurance (“Law 40/2014”), ...


NEW REGULATIONS REGARDING FINANCIAL SERVICES INDUSTRY (25/03/2015)
In November 2014 the newly established Financial Services Authority (OJK) issued a set of regulations governing the financial services industry:   Regulation 17 (POJK.03/2014) regarding the application of integrated risk management for financial conglomerates; and Regulation 18 (POJK.03/2014) ...


NEW RULES ON THE MANAGEMENT OF OFFSHORE DEBT BY NON-BANK DEBTORS (25/03/2015)
Bank Indonesia has issued Regulation No. 16/20/PBI/2014 dated 29 October 2014 (“BI Reg 16”) on the application of prudence principles in managing offshore debt taken out by a non-bank debtor (“NBD”). The requirements entail observance of a hedging ratio, a liquidity ratio ...