New Regulations and Policies Related to the COVID-19 Pandemic in Indonesia
Since President Joko Widodo announced Indonesia’s first confirmed case on 2 March 2020, the spread of COVID-19 has affected the country in many aspects including in the economic, health, employment, and industrial sectors.
The central and regional governments of Indonesia have issued various new policies and regulations to manage and control the spread of the novel coronavirus. Co-authored by Lina Amran, Maria Sagrado, and Gaudencia Vania, please check out the complete list that we have summarized for you on this advisory.
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New Government Regulation on Organization of Electronic Systems and Transactions
The Government of Indonesia finally issued Government Regulation No. 71 of 2019 on Organization of Electronic Systems and Transactions ("GR 71/2019") on 4 October 2019, gaining momentum as the country sees the rise of ‘Unicorns’ and President Joko Widodo boasting about the country’s digital economy.
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Update on the Registration Obligation of Private Electronic System Organizers
Registration deadline for Private Electronic System Organizers (both domestic and foreign) are approaching fast ! Minister of Communication and Information (MOCI) has issued Circular Letter No. 3 of 2020 under which the deadline is set on 20 July 2022.
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Update on the Terms of Domestic Non-Deliverable Forward Transactions Under Indonesian Law
Bank Indonesia recently updated its regulation on domestic non-deliverable forward (DNDF) transactions.
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BANK INDONESIA REGULATES THE FINTECH BUSINESS
On 14 November 2016, Bank Indonesia officially launched its Financial Technology (or FinTech) Office.
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