14 Nov 2013
RECENT REGULATION ON FOOD AND DRUG SUPERVISORY AGENCY (BPOM) REGARDING TOBACCO PRODUCTS
In line with the task assigned to it under article 60 (5) of Government Regulation Peraturan Number 109 of 1012 Regarding Health Safety Measures on Material Containing Addictive Substance in the Form of Tobacco Products, i.e. to prepare a regulation regarding supervision of circulated tobacco products, the Indonesian Food and Drug Supervisory Agency (“BPOM”) issued, on 28 Juni 2013, Regulation…
14 Nov 2013
BI REGULATIONS ON BANK'S MINIMUM CAPITAL REQUIREMENTS AND MULTIPLE LICENSING
The Indonesian central bank, Bank Indonesia, recently issued two regulations which will change the way banks in this country do their business. These two regulations regulate the business activities of a bank on the basis of the bank’s capital. As a result, commercial banks which in the past had more freedom in their operation thanks to Law No. 7/1992 regarding Banking (as amended) are now only…