SIMPLIFIED PROCEDURES FOR MANDATORY MANPOWER REPORTS

On 26 March 2014, the Minister of Manpower and Transmigration (“Minister”) issued Circular Letter No. SE.3/MEN/III/2014 on The Implementation of Mandatory Manpower Reports by Companies (“Circular Letter”).

THE NEW NEGATIVE INVESTMENT LIST

Presidential Regulation No. 39 of 2014 on The List of Business Fields that are Closed or Conditionally Open for Investment (the Negative Investment List/daftar Negatif Investasi (DNI)/“Negative List”) was issued recently and became effective on 24 April 2014.

PROCEDURE FOR COLLECTING OJK FEES

The OJK Regulation provides guidelines for the OJK’s collection of fees from financial services institutions and financial services industry support professionals and their firms

OJK EXPANDS FINANCIAL SERVICES’ CONSUMER PROTECTION REGULATION

The Financial Services Authority (“OJK”) recently issued Circular Letter No. 2/SEOJK.07/2014 on Services and the Settlement of Complaints from Consumers of Financial Service Businesses (“Circular Letter”)

JAKARTA MINIMUM WAGE 2014

In 2014, the Governor of Jakarta issued updates on the Jakarta Minimum Wage through Regulation No.54 of 2014 and Regulation No.62 of 2014 on the Minimum Sectoral Wage in the Province for 2014.