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

On 29 June 2015, a new regulation on the procedure for employing foreign manpower (ie Minister of Manpower Regulation No. 16 of 2015) entered into force, revoking the previous regulation, Minister of Manpower Regulation No. 12 of 2013.

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OBLIGATION TO USE INDONESIAN CURRENCY

Indonesia’s Currency Law came into effect on 28 June 2011 as Law No. 7 of 2011 on Currency (“Currency Law”).

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BKPM ONE DOOR SERVICE UPDATE

Since the One Door Service/Pelayanan terpadu Satu Pintu (“PTSP”) at BKPM was launched on 26 January 2015, 22 Ministries and Institutions have placed officials in BKPM

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MANDATORY USE OF L/C FOR EXPORTING MINING AND ENERGY PRODUCTS

On 5 January 2015, the Minister of Trade issued Regulation No. 4/M-DAG/PER/1/2015 of 2015 on Provisions to Use a Letter of Credit for Exporting Certain Commodities (“MOT Regulation 4”)

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NEW PURCHASE OF ELECTRIC POWER PROCEDURES

On 13 January 2015, the Minister of Energy and Mineral Resources (“MEMR”) issued MEMR Regulation No. 3 of 2015 on The Procedure for the Purchase of Electric Power and the Benchmark Price for the Purchase of Electric Power from Mine-Mouth Coal Fired Power Plants

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