BKPM REGULATION NO. 5 OF 2013 (16/05/2013)
The Investment Coordination Board (BKPM) has issued a new BKPM Regulation No. 5 of 2013 concerning Guidelines and Procedures for Licenses and Non-Licenses for Capital Investment (“Reg 5 2013”), dated April 8, 2013. This new regulation presents new items that may impact new ...
LAW NO.18 OF 2012 CONCERNING FOOD (15/05/2013)
Indonesian Law No. 7 of 1996 concerning Food (“Law No. 7/1996”) has been replaced by Law No. 18 of 2012 concerning Food (“Law No. 18/2012”). This new food law was issued on 16 November 2012 and has been in force since17 November 2012.
Food Law 2012 contains ...
REGULATION ON HEDGING TRANSACTIONS IN THE FRAMEWORK OF GOVERNMENT DEBT MANAGEMENT (15/05/2013)
The Minister of Finance on 4 January 2013 issued Regulation No. 12/PMK.08/2013 regarding Hedging Transactions in Government Debt Management (“Regulation”). The Regulation was issued to implement Article 26 (2) and (4) of Law No. 19/2012 regarding 2013 State Budget (“Budget ...
PRESIDENTIAL REGULATION ON MANAGEMENT OF OIL AND GAS ACTIVITIES BY SKK MIGAS (15/05/2013)
As a follow up of Decision of the Minister of Energy and Mineral Resources Number: 3135 K/08/MEM/2012 which transfers the duties and functions of the Executive Agency for Upstream Oil and Gas Business Activities (BPMIGAS) to the Executive Task Force for Upstream Oil and Gas Activities (SKK ...
ASSETS QUALITY RATING OBLIGATION FOR COMMERCIAL BANKS (15/05/2013)
Bank Indonesia recently issued Bank Indonesia Regulation No. 14/15/PBI/2012 concerning Commercial Banks’ Assets Quality Rating (“Regulation No. 14/2012”), which obliges commercial banks (“Banks”) to rate their assets quality in the manner set forth in this ...
REGULATION ON GOOD CORPORATE GOVERNANCE FOR INSURANCE COMPANIES (05/03/2013)
The Minister of Finance issued, on 3 October 2012, Regulation No. 152/PMK.010/2012 regarding Good Corporate Governance for Insurance Companies (“MOF Regulation”). This Regulation is the implementing regulation for Government Regulation No. 73 of 1992 which has been severally amended, ...
REGULATION ON BANK'S TRANSPARANCY AND PUBLICATION OF BANK'S REPORTS (05/03/2013)
With the current development of banking products and activities in Indonesia, the demand for transparency of the financial condition and performance of a bank is increasing. Banks are expected to disclose their risk exposures as well as their risk management practices, so that the public and the ...
GUIDELINES FOR PUBLIC INVOLVEMENT IN THE PROCESS OF ENVIRONMENTAL IMPACT ASSESSMENT (05/03/2013)
The State Minister for the Environment has issued guidelines for the involvement of the public in the environmental impact assessment (known by its Indonesian acronym as “AMDAL”) process and in the issuance process of environmental licenses. The guidelines are set forth in the ...
GUIDELINES FOR THE COMPOSITION OF ENVIRONMENTAL DOCUMENTS (05/03/2013)
The State Minister for the Environment has issued a new regulation regarding how the Environmental Documents being the prerequisites for a company’s environmental license are to be composed. The regulation is Regulation of the State Minister for the Environment No. 16 of 2012 on Guidelines ...
PROCEDURE FOR OBJECTION ON SANCTION IN CAPITAL MARKET (05/03/2013)
The Head of the Capital Market and Financial Institution Supervisory Agency (“Bapepam-LK”) issued, on 5 December 2012, her Decision No. KEP-642/BL/2012 regarding Submission of Objection to Sanctions (“Decree”). The rules and procedures for the submission of the objections ...
