28 Sep 2021
Some More Clarity Emerges on New Rp 10-Billion Minimum Capital Requirement for FDI Projects in Indonesia
On 11 May 2021, we published an ABNR Legal Update titled New BPKM Rules to Require PMA Companies to Have IDR 10 Billion in Paid-up Capital: Will Existing Investors Be Affected?In this update, we set out some tentative conclusions in this regard based on our enquiries and discussions with senior officials at the Ministry of Investment/Investment Coordinating Board (“BKPM”). In principle,…
22 Sep 2021
Indonesia Stock Exchange Clarifies Rules on Interim Dividends
The Indonesia Stock Exchange (“IDX”) recently issued new rules to synchronize the existing provisions on the distribution of interim and final dividends and bonus shares by listed companies. The new rules are set out in IDX Board of Directors Resolution No. KEP-00077/BEI/09-2021,[1] which entered into effect on 13 September 2021. Most of the major changes concern the rules governing the…
13 Sep 2021
OJK Introduces Further Capital-Market Incentives and Relaxations to Counter Covid Turbulence
The Financial Services Authority (“OJK”) has once again stepped up to the mark to safeguard the stability of the Indonesian capital markets against the backdrop of the ongoing Covid-19 pandemic. The financial services regulator’s latest intervention comes in the form of Circular No. 20/SEOJK.04/2021 on Further Incentives and Relaxations of Provisions Related to Issuers / Public Companies…