Day: March 8, 2021

By 2021, Indonesian Financial Services Authority (“OJK”) has finally issued the long-awaited Financial Services Authority Regulation Number 12/POJK.03/2021 on Commercial Bank (“POJK 12/2021”) which serves as the main regulation for commercial banks in Indonesia. POJK 12/2021 was issued for the purpose of strengthening regulatory framework of banks starting from its incorporation, operations, up to its…

POSITIVE INVESTMENT LIST ISSUED AT LAST  Indonesian government finally enacted positive investment list under Presidential Decree Number 10 of 2021 on Investment Business Fields (“Positive Investment List”) on 2 February 2021. The issuance of Positive Investment List has been urged by government and Indonesian Investment Coordinating Board alike for the past few years with the…