HALAL PRODUCTS

The Parliament passed a bill on halal products in September 2014 and on 17 October 2014 the President enacted the bill as Law No. 33 of 2014 on Guaranty for Halal Products (Law 33 of 2014)

RESTRICTIONS ON FOREIGN INVESTORS ACQUIRING INDONESIAN ONLINE BUSINESS?

On 26 January 2015, President Joko Widodo swore in Mr. Triawan Munaf as the Head of the Creative Economic Board (BEK – Badan Ekonomi Kreatif). BEK is tasked to strengthen the role of creative economic businesses, including protection for Indonesian creative crafts

DELEGATION OF AUTHORITY TO ISSUE TRADE BUSINESS LICENSES

Under Regulation No. 96/M-DAG/PER/12/2014 on Delegation of Authority to Issue Trade Business Licenses under the Framework of One-Stop Integrated Services to the Head of the Capital Investment Coordinating Board

DELEGATION OF AUTHORITY TO GRANT INDUSTRIAL LICENSES

Under Regulation No. 122/M-IND/PER/12/2014 on Delegation of Authority to Grant Industrial Business Licenses to the Head of the Capital Investment Coordinating Board, the MOT has delegated its authority to issue certain licenses to BKPM

FURTHER AMENDMENT ON COMMERCIAL BANK DAILY REPORTS

Bank Indonesia issued Circular of Bank Indonesia No. 16/17/DSta, which came into force on 3 November 2014 (SEBI 16/17/DSta), which is a fourth amendment to Circular of Bank Indonesia No. 13/3/DPM on Commercial Bank Daily Report