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PRUDENTIAL PRINCIPLES IN MANAGING FOREIGN LOANS

Bank Indonesia on 28 October 2014 issued Regulation of Bank Indonesia No. 16/20/PBI/2014 on Implementation of Prudential Principles in Managing Foreign Loans for Non-Bank Corporations (PBI 16/2014), which came into force on 1 January 2015

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REQUIREMENTS FOR FOREIGN CONSTRUCTION BUSINESS REPRESENTATIVE OFFICES (ROs)

The Minister of Public Works has issued Regulation No. 10/PRT/M/2014 revoking Regulation No. 05/PRT/M/2011 on ROs (MPW Reg. 10/2014).

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NEW TELECOMMUNICATIONS REGULATIONS

The Minister of Communications and Information issued Regulation No. 38 of 2014 as an amendment to Regulation No. 01/PER/M.KOMINFO/01/2010 on Organizing Telecommunications Networks

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NEW COPYRIGHT LAW DEVELOPMENT

The new Copyright Law enacted on 16 October 2014 mandated the formation of a Collective Management Institution (CMI) (Lembaga Manajemen Kolektif) to collect and distribute royalties due to the rightful creators or holders of related rights

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NEW 2015 MINIMUM WAGE

On 14 November 2014, the Governor of DKI Jakarta issued DKI Governor Regulation No. 176 of 2014 on the Provincial Minimum Wage for 2015 (DKI Reg. 176/2014)

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