INDONESIA'S NEW REGULATION ON THE EMPLOYMENT OF FOREIGN MANPOWER: OFFERING SOME CLARITY WHILE RAISING QUESTIONS

On 11 October 2018, the Coordinating Ministry for Economic Affairs issued a joint notice in their websites requiring limited liability companies to adjust their Business Entity Numbers (Nomor Induk Berusaha –“NIB”) to the 2017 KBLI.

On 29 December 2010 Bank Indonesia issued a new regulation related to Offshore Loan Reporting to Bank Indonesia. This was followed by the issuance of its implementing regulation on 20 January 2011.

Issue 18, November 2024 | Indonesia’s Patent Law has been updated to boost IP protections in line with international standards. Key changes include expanded invention definitions, a longer grace period, new rules for traditional knowledge, and annual reporting for patent holders.

The Indonesian Government has issued Government Regulation No. 14 of 2021 (“GR 14/2021”), as one of the implementing regulations of Law No. 11 of 2021 on Job Creation (the “Omnibus Law”), which amends Government Regulation No. 22 of 2020 on the Implementing Regulation of Law No. 2 of 2017 on Construction Services (“GR 22/2020”). GR 14/2021 introduces more detailed provisions than GR 22/2020 and this advisory highlights the key provisions.