Business

Further Elaboration of the Digital Bank Regulations in Indonesia Products banking POJK

Further Elaboration of the Digital Bank Regulations in Indonesia

The development of information technology in the digital era has brought changes in the management and operations of banks. The shifting from the traditional bank concept to the bank of the future is to encourage banking digitalization, among others, by setting-up a digital bank through the new establishment or transformation of an existing bank. This […]

Further Elaboration of the Digital Bank Regulations in Indonesia Read More »

A More Strict Sanctions for the Implementation of the Prohibition of Monopolistic Practices and Unfair Business Competition

More Strict Sanctions for the Implementation of the Prohibition of Monopolistic Practices and Unfair Business Competition

To boost the country’s new investments, to promote a healthier business climate and to emphasize fair business competition within the framework of professional and accountable supervision, the government has enacted Law No. 11 of 2020 on the Job Creation (the “Omnibus Law“). The Omnibus Law has amended several laws, including Law No. 5 of 1999

More Strict Sanctions for the Implementation of the Prohibition of Monopolistic Practices and Unfair Business Competition Read More »

Issuance of Indonesia Government Regulation 182021 as Indonesia’s Property Business Incentives Right

Issuance of Government Regulation 18/2021 as Indonesia’s Property Business Incentives

To overcome various bureaucratic and regulatory barriers that impede the economic and business growth in Indonesia, President Joko Widodo issued Law No. 11 of 2020 on Job Creation (“Omnibus Law“), covering amendments to various laws and regulations, including the pre-existing regulations regarding land. To implement the Omnibus Law, the government on the 2nd of February

Issuance of Government Regulation 18/2021 as Indonesia’s Property Business Incentives Read More »

A Preparation for the Long-Awaited “Positive List” and What to Expect

A Preparation for the Long-Awaited “Positive List” and What to Expect

In order to increase investment and create jobs, along with the empowerment of cooperatives and micro, small and medium enterprises (usaha mikro, kecil, dan menengah – “UMKM“), the Indonesian government is currently working to prepare the change of Presidential Regulation No. 44 Year 2016 on Lists of Business Fields that are Closed for and Business

A Preparation for the Long-Awaited “Positive List” and What to Expect Read More »