The Arrival of the Long-Awaited KBLI Numbers in Fintech

On 24 September 2020, Statistics Indonesia (Badan Pusat Statistik ─ “BPS”) issued BPS Regulation No. 2 of 2020 on Indonesian Standard Business Classifications (Klasifikasi Baku Lapangan Usaha Indonesia ─ “KBLI”), which is known as the 2020 KBLI.

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The Job Creation Law & Highlighted Changes to The Manpower Law

The highly anticipated Law No. 11 of 2020 on Job Creation (“Job Creation Law”) (or widely known as the Omnibus Law) was enacted on 2 November 2020 The Job Creation Law amends various regulations, including Law No. 13 of 2003 on Manpower (“Manpower Law”).

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Brief Introduction to Indonesia’s Job Creation / Omnibus Law

“Law No. 11 of 2020 on Job Creation (the “Job Creation Law” or widely known as the Omnibus Law) was issued and came into effect on 2 November 2020. The changes made by this Job Creation Law affect 78 Laws and provides several strategic policies among others on (i) broadening of the investment ecosystem and business activities; (ii) the ease of doing business; and (iii) acceleration of national strategic projects oriented towards national interests.”

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The Indonesian Government’s Relaxation for Foreigners Entering Indonesia

On 29 September 2020, aiming to relax the temporary ban and limitation on foreigners entering Indonesia due to the Covid-19 pandemic

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Regulating the Growth of Electronic and Digital Banking Services

With the rapid development of technology and the rise of new finance products and players in the fintech industry,

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