OJK Sets New Provisions on Digital Banks

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

Positive Investment List Issued at Last

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

OJK Implements New Regulation on Equity Crowdfunding

Before 2020 ends, Indonesia Financial Authority (“OJK”) issued an OJK Regulation Number 57/POJK.04/2020 on Securities Offering Through Technology-Based Equity Crowdfunding Services (“OJK Reg 57/2020”) which

Noteworthy Changes to the Employment Law

Background Amidst months of nationwide protests and strong opposition from various stakeholders, President Joko “Jokowi” Widodo at last signed Law Number 11 of 2020 on

Government to issue new regulation on coal permits

The government is in the process of issuing a new regulation on coal miners, which is aimed at strengthening the position of the government. Under the planned regulation, contracts of work (PKP2B) will be replaced by the special mining permit (IUPK).