04 Aug 2017
MOT REGULATION 26/2017: A CLEAR IDENTITY FOR TECHNOLOGY-BASED TRANSPORTATION SERVICES
Indonesia’s ride-hailing transportation services enjoy greater legal certainty following regulatory changes in 2016 and 2017. Operators and customer of these businesses will welcome the government’s endorsement over their legitimacy. The new regulations introduce clear definitions, sanctions, minimum tariffs, and procedures for cooperation with conventional operators. New Ministry of Transportation…
04 Aug 2017
NEW LEGISLATION UPGRADES MEASURES TO PREVENT FINANCIAL CRISES AND IMPROVE FINANCIAL STABILITY
New regulations require Indonesia’s banking and finance industries to comply with heightened supervision by financial authorities. Foreign investors and customers concerned with Indonesian financial stability will welcome this new legislation. Key developments intensify reporting obligations for Systemically Important Banks, introduce tiered supervision, and raise safeguard measures. The Indonesian…
04 Aug 2017
NEW PROVISIONS TO SUPPORT THE USE OF RENEWABLE ENERGY FOR ELECTRICITY GENERATION
Indonesia’s renewable energy sector is attracting greater government support this year. New regulations improve clarity for investors interested in solar, wind, hydro, geothermal, and bio-gas projects. They introduce incentives, detail procedures for renewable power purchase agreements, and update tariff rates. Despite the primary role that coal and gas continue to play in meeting Indonesia’s…
04 Aug 2017
NEW MINERAL EXPORT RULES AND IMPLICATIONS FOR MINING COMPANIES
Indonesian Government Regulation No.1 2017 triggers major shifts in the country’s mineral and coal mining industries. Mineral mining companies who depend heavily on mineral exports will be particularly affected by the new policies. Primary changes require all companies operating under a Contract of Work to transfer to a single licensing regime, and introduce stringent mineral export processing…