BEEF IMPORT CARTEL
On 22 April 2016, the Business Competition Supervisory Commission (KPPU) found 32 importer and feedlot companies in violation of Articles 11 and 19(c) of the anti-monopolies law and levied fines totaling over Rp.107bn (approximately USD8m at current exchange rates).
Download read moreTHE GOVERNMENT OF INDONESIA HAS FINALLY REGULATED OVER THE TOP SERVICES
In an effort to give an explanation to the public and especially the Service Providers of Over the Top related to the regulation of the provision of application services and/or content via the Internet (Over the Top) which will be applied,
Download read moreNEW RULES FOR APPLICATION BASED PUBLIC TRANSPORTATION
The Minister of Transportation has issued Minister of Transportation Regulation No. PM 32 of 2016 on the Organization of Non-Fixed-Route Public-Transportation Services. This regulation addresses the ongoing dispute between the existing transportation companies and application-based transportation services.
Download read moreNEW OJK REGULATION ON BANKING RISK MANAGEMENT ISSUED
The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has issued Regulation No. 18/POJK.03/2016 on Banking Risk Management.
Download read moreNEW OJK REGULATION ON GUIDELINES AND MANDATORY MINIMUM CAPITAL FOR COMMERCIAL BANKS
The OJK has also issued Regulation No. 11/POJK.03/2016 on the Mandatory Minimum-Capital Requirements for Commercial Banks.
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