Indonesia’s FSA Raises Registration Threshold to Encourage Private Securities Offerings

13 Mar 2023 In 2021, the Indonesian Financial Services Authority (“OJK”) increased the threshold that triggers the requirement to register and seek OJK approval for a private offering of securities. Previously, the registration threshold was IDR 1 billion (approx. USD 65,000), but this was increased to IDR 5 billion (approx. USD 327,000) under OJK Regulation No. 29/POJK.04/2021.[1]…

State Infrastructure Guarantee Agency Gets Revamp to Boost Sector’s Attractiveness to Financiers

08 Mar 2023 A. Background The Government has moved to expand the remit of its infrastructure guarantee agency in recognition of the ongoing urgent need for private-sector finance to overcome the continuing infrastructure gap in Indonesia, notwithstanding the major progress made to date under the Jokowi administration. As always, the basic problem boils down to money. The need for new infrastructure…