Bank Indonesia Issues a New Regulation on the Reporting of Foreign Exchange Flow Activities
Introduces a requirement to report risk participation transactions
Download read moreMandatory Deposit of Foreign Exchange Export Proceeds Deriving from Natural Resources
On 10 January 2019, the Indonesian Government enacted Government Regulation No. 1 of 2019 on Export Proceeds from the Exploitation, Management, and/or Processing of Natural Resources (“GR 1/2019”).
Download read moreNew Regulation on Owners and Occupants Association
On 14 September 2018 the Ministry of Public Works and Public Housing of the Republic of Indonesia introduced Regulation of the Ministry of Public Works and Public Housing of the Republic of Indonesia Number 23/PRT/M/2018 on the Owners and Occupants’ Association of Multistoried Dwelling Units (“Regulation 23”).
Download read moreThe New Incentive(?) for Whistleblowers for Revealing Crimes of Corruption
To date, the Indonesian government and institutions have largely remained entrenched in an endemic culture of corruption. Despite major victories before the court by the Corruption Eradication Commission (“KPK”) in recent years, crimes of corruption (especially bribery and gratification) remain a major problem at every level of government institution.
Download read moreIndonesian Equity Crowdfunding Regulation
The Financial Services Authority (“OJK”) issued OJK Regulation No. 37/POJK.04/2018, on 31 December 2018 on equity crowdfunding services (the “Crowdfunding Services”) which allow offers of shares for sale by an issuer directly to investors through an open information technology system (“POJK 37/2018”).
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