NEW REGULATION ON EXPORT (13/06/2012)
The Minister of Trade (“Minister”) has issued his Regulation No. 13/M-DAG/PER/3/2012 regarding General Export Provisions (“Regulation”). The Regulation provides general guidance on the country’s export policies, and is an effort by the government to create legal ...
PROGRAMS FOR THE PREVENTION OF MONEY LAUNDERING AND TERRORISM FUNDING FOR NON-BANK PAYMENT SERVICE PROVIDERS (13/06/2012)
Bank Indonesia has recently issued its Regulation No. 14/3/PBI/2012 Year 2012 regarding the above mentioned subject matter (“BI Regulation”).
In principle, this BI Regulation imposes on all non-bank payment system organizers (“Organizers”) the obligation to run programs for ...
NEW REGULATION ON LEASING OF STATE PROPERTY (13/06/2012)
The Minister of Finance has revoked the old Minister of Finance Regulation No. 96/PMK.06/2007 Concerning Procedures for the Utilization, Exploitation, Removal from Inventory and Transfer of State Property (“Regulation No. 96/2007”), and replaced it with Minister of Finance Regulation ...
REGULATION ON CORPORATE SOCIAL AND ENVIRONMENTAL RESPONSIBILITY (13/06/2012)
The President finally signed the long awaited implementing regulation for Article 74 section 4 of Law No. 40/2007 regarding Limited Liability Companies (“Law”). The regulation was issued on 4 April 2012 as Government Regulation No. 47/2012 (“GR”) regarding Social and ...
ABNR FOUNDATION'S EDUCATIONAL SCHOLARSHIP AND BOOK DONATION (13/06/2012)
On May 16, 2012, the ABNR Foundation launched a significant event, which marks:
- The signing of an MOU between ABNR Foundation and the Faculty of Law of Haluoleo University, Kendari, Sulawesi Tenggara, regarding cooperation in the granting of educational scholarships to prestigious students. ...
