24 Nov 2025
The Fourth Amendment to the SOE Law: Institutional Realignment and Strategic Reform
OverviewIn October 2025, Indonesia issued Law No. 16 of 2024 on the Fourth Amendment to Law No. 19 of 2003 on State-Owned Enterprises (the “Fourth Amendment”)[1] to optimize the management of State-Owned Enterprises (“SOEs”) and accelerate institutional transformation.Although this development follows closely on the changes introduced under the Third Amendment in February 2025[2], which…
18 Nov 2025
At long last: Indonesia is set to issue a landmark crypto offering regime
Introduction: From Commodity Trading to Regulated OfferingsFor years, Indonesia’s approach to crypto assets was defined by what it didn’t regulate. Since 2019, the Commodity Futures Trading Regulatory Agency (Bappebti) allowed crypto trading as a commodity but kept a deliberate distance from regulating coin offerings themselves. The focus was on trading infrastructure. That era is ending.With…
14 Nov 2025
ABNR Advises Telkom Indonesia on USD 2.16 Billion Partial Spin-Off of Its Wholesale Fiber Connectivity Business and Assets
ABNR has advised PT Telekomunikasi Indonesia (Persero) Tbk (Telkom Indonesia) on the partial spin-off of its wholesale fiber connectivity business and assets to its subsidiary, PT Telkom Infrastruktur Indonesia (TIF), which operates under the InfraNexia brand.Telkom Indonesia and its subsidiary, TIF, signed a Conditional Spin-off Agreement (CSA) on Monday, 20 October 2025. The transaction, valued…
11 Nov 2025
ABNR Proudly Supports OSL Group’s Expansion into Indonesia’s Digital Financial Asset Markets through Its Acquisition of Koinsayang
We are delighted to share that ABNR had the privilege of advising OSL Group Limited (“OSL”), one of Asia’s leading digital financial asset platforms listed on the Hong Kong Stock Exchange, on its successful acquisition of KoinSayang. Through Koinsayang, OSL Group now holds licenses for both spot and derivatives digital asset trading, via PT Multikripto Exchange Indonesia (MEI) and PT Langit Indonesia…
10 Nov 2025
Electricity Infrastructure Acceleration: What’s New in PR 89/2025
The President recently issued Presidential Regulation No. 89 of 2025 (“PR 89/2025”) on Electricity Infrastructure Acceleration, the second amendment to the framework established by Presidential Regulation No. 4 of 2016, as amended by, Presidential Regulation No. 14 of 2017 (together, the “Prior Regulations”). This update aims to accelerate electricity-infrastructure development by harmonizing its…
04 Nov 2025
Indonesia’s National Energy Policy 2060: Key Changes and Pathways to Net Zero
The Government of Indonesia issued Government Regulation No. 40 of 2025 on National Energy Policy (“GR 40/2025”), which officially revokes its predecessor, Government Regulation No. 79 of 2014 (“GR 79/2014”). The new regulation reflects recent shifts in both national and global energy landscapes, including Indonesia’s goal to become an advanced economy by 2045, rapid advances in energy technology,…