Bank Indonesia's National Payment Gateway Introduced
The regulation on the national payment gateway has finally been issued. Bank Indonesia (“BI”), through its regulation No. 19/8/PBI/2017 (“PBI 19/8”) which was promulgated on 22 June 2017, aims to establish national payment system interoperability by implementing switching interconnectivity.
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Regulation Sets Fines of up to IDR3 Billion for Environmental Non-Compliance
Issue 14, October 2024 | This article highlights the new regulatory framework that strengthens oversight and introduces significant penalties in Indonesia’s environmental sector, reinforcing the importance of compliance with environmental permits.
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National Leadership Succession and New Hopes for Indonesia's Progress
Issue 15, October 2024 | This article highlights Indonesia’s leadership transition after the 2024 elections, with Prabowo Subianto and Gibran Rakabuming Raka inaugurated as President and Vice President, and the formation of an expanded cabinet focused on economic growth and tackling socio-economic challenges.
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Indonesia’s New OSS License Application System: An Update
Following the issuance of Government Regulation No. 24 of 2018 (“GR 24/2018”) introducing an online-based system for processing and issuing certain business licenses, on 10 July 2018
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The New Regulation on Government Procurement of Goods and Services
Presidential Regulation No. 12 of 2021 on Government Procurement of Goods and Services has just been issued as an amendment to Presidential Regulation No. 16 of 2018, as one of the implementing regulations of Law No. 11 of 2020 on Job Creation or the Omnibus Law. It mainly aims to provide more opportunities for micro-level businesses and cooperatives to be involved in the public procurement of goods and services.
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