16 Jul 2018
BKPM to Continue PTSP Role despite New Online Single Submission
BKPM issued an announcement on Tuesday, 10 July 2018, stating that it will continue its service in its role as the operator of the so called Central PTSP (Pelayanan Terpadu Satu Pintu Pusat – Central One Door Policy). Previously on Friday, 29 June 2018, BKPM issued a press release stating that all submissions to BKPM received before and after Friday, 29 June 2018, would be forwarded to and processed…
12 Jul 2018
Details on the Updated E-Money Regulation
After nine long years of regulating E-Money transactions, the Indonesian Central Bank (the “Bank Indonesia) has responded to changes in technology by overhauling the Bank Indonesia Regulation No. 11/12/PBI/2009 dated 13 April 2009 on Electronic Money (“PBI 11/12”) and replacing it with the Bank Indonesia Regulation No. 20/6/PBI/2018 dated 3 May 2018 (“PBI 20/6”) with…
05 Jul 2018
BKPM Suspends Operation Pending Launch of New Online Single Submission System
At end of June 2018, the government enacted Government Regulation 24/2018 concerning Electronically Integrated Business Licensing Service (GR), which introduces the so-called Online Single Submission (OSS) system for the issuance of licenses and permits by the government. The objective of this GR is to have a harmonized, unified, and simplified licensing process nationwide. Based on GR 24/2018, the…