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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Joko Widodo Re-elected: How Will it Affect Doing Business in Indonesia?
The presidential election is over and the incumbent president of Indonesia, Joko Widodo,known familiarly as ‘Jokowi’, has officially been re-elected as the President of The Republic of Indonesia for the 2019-2024 term.
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Indonesia’s Competition Authority Takes SME Partnership Supervision to a New Level
The year 2022 marks a historic era for Indonesia’s Business Competition Authority (“KPPU”) as it is the year KPPU ruling on Partnerships involving Small Medium Enterprises (“SME”)’s passed.
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COVID-19 and Force Majeure
The COVID-19 pandemic is causing critical implications for businesses. Please read our legal advisory exploring the concept of force majeure under contracts entered into in Indonesia.
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NEW IMPLEMENTING REGULATIONS ON INDONESIA'S PENSION AND OLD AGE SECURITY PROGRAMS
On 30 June 2015, the Indonesian government issued Government Regulation No. 45 of 2015 on the Management of the Pension Security Program (“GR 45/2015”) and Government Regulation No. 46 of 2015 on the Management of the Old Age Security Program (“GR 46/2015”).
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