This advisory focuses on the main aspects which a Bank which intends to engage in the digital banking business must consider.

Following the issuance of Bank Indonesia Regulation No. 22/23/PBI/2020 on Payment Systems (“Payment Systems Regulation”) on 30 December 2020 which came into force on 1 July 2021 that serves as an “umbrella” regulation that provides a regulatory framework for the Indonesian payment systems industry.

On 2 February 2021, the government of Indonesia issued Government Regulation No. 47 of 2021 on the Administration of the Hospital Sector (“GR 47/2021”) imposing some new and amended provisions which apply to hospitals for providing health care services. In general, provisions under GR 47/2021 regulate similar provisions under Minister of Health Regulation No. 3 of 2020 on The Classification and Licensing of Hospitals (“MOH Regulation 3/2020”) but with new obligations to accommodate improvements in health sectors by the hospitals.

On 2 February 2021, the Government of Indonesia has finally issued an implementing regulation of Law No. 11 of 2020 on Job Creation which covers the energy and mineral resources sector under Government Regulation No. 25 of 2021 on The Implementation of the Energy and Mineral Resources Sector (“GR 25/2021”). GR 25/2021 covers the following sectors: (i) mineral and coal; (ii) geothermal; and (iii) electric power.

As mandated by Law No. 11 of 2020 on Job Creation (the “Omnibus Law”) and to settle spatial utilization discrepancy issues, Government Regulation No. 43 of 2021 on The Settlement of Discrepancies between Spatial Plans, Forestry Areas, Permits and/or Land Rights (“GR 43/2021”) was issued on 2 February 2021. GR 43/2021, as the implementing regulation of Article 17.2 of the Omnibus Law, provides the procedure for the settlement of discrepancies related to spatial plans. In this advisory, we explain some of the notable provisions provided by GR 43/2021.