FURTHER AMENDMENT ON COMMERCIAL BANK DAILY REPORTS
Bank Indonesia issued Circular of Bank Indonesia No. 16/17/DSta, which came into force on 3 November 2014 (SEBI 16/17/DSta), which is a fourth amendment to Circular of Bank Indonesia No. 13/3/DPM on Commercial Bank Daily Report. SEBI 16/17/DSta amends the scope of information to be submitted to Bank Indonesia as well as, additional codes for exempted foreign loans, and additional codes for validation systems
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BANK INDONESIA REGULATION ON FUND TRANSFERS
Following the issuance of Law No. 3 of 2011 regarding Fund Transfers, on 26 December 2012, Bank Indonesia issued Bank Indonesia Regulation No. 14/23/PBI/2012 on Fund Transfers (“PBI 14/23”) which revokes and replaces Bank Indonesia Regulation No. 8/28/PBI/2006 regarding Money Transfer Business Activities (“PBI 8/28”)
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CONSTITUTIONAL COURT DECLARES THE WATER RESOURCES LAW NULL AND VOID
On 18 February 2015, the Constitutional Court handed down its ruling No. 85/PUU-XI/2013, declaring Law No. 7 of 2004 on Water Resources ("Water Resources Law") null and void.
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NEW BILL ON TRADE INTRODUCED BY THE HOUSE OF REPRESENTATIVE
After 80 years using a very old Dutch trade law (Bedfrijfsreglementerings Ordonnantie 1934, Staatsblad 1938 Number 86), Indonesia has finally introduced its own Bill on Trade
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NEW 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.
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