22 Mar 2018
Jakarta Governor Issues Sectoral Minimum Wage Rates for 2018
Back in November, the 2018 Jakarta provincial standard minimum wage was set at Rp 3,648,035.82 by virtue of Gubernatorial Regulation No. 182/2017, which entered into effect on 1 January 2018. This marked an 8 percent increase over the standard minimum wage in 2017 (Rp 3.3 million). The Jakarta administration has now moved to prescribe higher minimum wage rates than the 2018 standard minimum wage in…
14 Mar 2018
Ministry Moves Quickly to Limit Application of Coal Price Caps to New Contracts
In our Client Update published on 12 March 2018, we analyzed Minister of Mines & Energy Decree No. 1395K/30/MEM/2018 (“Decree 1395”), issued on 9 March 2018, which places price caps on coal supplied for power generation in the public interest. As we mentioned in the ABNR Commentary section of that update, the coal industry is dominated by locally owned companies or companies listed…
13 Mar 2018
Businesses Now Required to Provide Government with Information on Beneficial Ownership
A. Introduction A new presidential regulation that entered into effect on 5 March 2018 requires companies and other business entities to provide the Government with information on their beneficial owners. The regulation (“Perpres 13/2018”)[1] states that it is intended to strengthen the fight against money laundering and financing of terrorism, and is necessary so as to allow Indonesia…
12 Mar 2018
Government Caps Prices of Coal for Power Generation
A. Introduction With state power utility Perusahaan Listrik Negara (“PLN”) coming under increasing financial pressure as energy prices soar and the political temperature heating up ahead of local elections this year and a presidential election next year, the Government has opted to impose caps on the prices payable for coal to be used for power generation in the public interest. This new…
02 Mar 2018
Energy & Mineral Resources Ministry Comes Good on Promise to Revoke Regulations
As we reported in our Client Update published on 14 February 2018, the Ministry of Energy and Mineral Resources (“MEMR”) recently announced the revocation of 32 regulations in furtherance of the government’s efforts to reduce the regulatory burden on business. However, as we also pointed out at the time, it was not clear which of these regulations had in fact been revoked prior to…