16 May 2013
BKPM REGULATION NO. 5 OF 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 investment for establishing a foreign investment company as well as existing foreign investment companies (“PMA…
15 May 2013
ASSETS QUALITY RATING OBLIGATION FOR COMMERCIAL BANKS
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. Regulation No. 14/2012 revokes all previous Bank Indonesia regulations on the same subject matter which…
15 May 2013
PRESIDENTIAL REGULATION ON MANAGEMENT OF OIL AND GAS ACTIVITIES BY SKK MIGAS
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 MIGAS), the President of the Republic of Indonesia issued Presidential Regulation No. 9 of 2013 regarding Implementation…
15 May 2013
REGULATION ON HEDGING TRANSACTIONS IN THE FRAMEWORK OF GOVERNMENT DEBT MANAGEMENT
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 Law”), which allows the government to hedge its debts against interest and exchange rate fluctuations…
15 May 2013
LAW NO.18 OF 2012 CONCERNING FOOD
Indonesian Law No. 7 of 1996 concerning Food (“Law No. 7/1996”) has been replaced by Law No. 18 of 2012 concerning Food (“Law No. 18/2012”).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 provisions under 12 headings that range from food planning to food investigation, as follows: 1.Food Planning;2.Food Availability;3.Food…