26 Mar 2014
THIRD AMENDMENT OF KPPU'S GUIDELINES ON MERGERS, CONSOLIDATIONS AND ACQUISITIONS OF SHARES
KPPU has amended again the above mentioned guidelines by issuing KPPU Regulation No. 02 of 2013 (“Regulation 02”) regarding Guidelines for the Implementation of Mergers or Consolidations of Business Entities and Acquisitions of Company Shares Which May Result in Monopoly Practices and Unsound Business Competition. This Regulation 02 replaces the former KPPU Regulation No. 3 of 2012 (“Regulation…
26 Mar 2014
BI'S CIRCULAR REGARDING CREDIT INFORMATION MANAGEMENT INSTITUTION ('LPIP')
In furtherance of its Regulation No. 15/1/PBI/2013 (“PBI 15/2013”) regarding Credit Information Management Institution or Lembaga Pengelola Informasi Perkreditan (“LPIP”), Bank Indonesia issued, on 5 December 2013, its Circular Letter No. 15/49/DPKL of 2013 regarding Credit Information Management Institution (“Circular 15/2013”). This Circular 15/2013 contains provisions…
26 Mar 2014
BI REGULATION ON HEDGING TRANSACTIONS
As a reaction to the volatility of Rupiah over the past year, Bank Indonesia has issued a new regulation on hedging transactions. This Bank Indonesia Regulation No. 15/8/PBI/2013 regarding Bank Hedging Transactions, (“PBI No. 15/2013”), enacted in October 2013, is expected to encourage the use of derivatives as a tool to hedge foreign currency exposure and to subsequently reduce foreign…